In ancient times, civilizations relied on oracles to gain insights into the future. Nowadays, artificial intelligence (AI) crypto platforms like yPredict are stepping into the role of these oracles in the world of finance. However, instead of relying on mysticism and cryptic prophecies, these platforms leverage sophisticated algorithms and AI-driven models to make predictions.
The financial sector is constantly evolving, and there is a growing demand for accurate and data-driven forecasting tools. With the rapid advancement of AI technologies and the integration of machine learning, AI platforms like yPredict are becoming the compass for navigating the volatile cryptocurrency market.
yPredict has recently gained attention for its innovative approach to financial predictions. By bringing together a team of AI/ML experts, traders, and quants, yPredict is reshaping the way financial predictions are made. The platform offers a blend of sophistication and accuracy through its range of analytical tools and platforms that utilize advanced financial prediction methods.
One of yPredict’s key offerings is its prediction marketplace. Here, financial data scientists can list the outcomes of their predictive models as a monthly subscription service, democratizing access to data-driven insights and advanced analytical metrics. This marketplace opens up opportunities for anyone interested in making informed trading decisions based on reliable predictions.
To support the platform’s development, yPredict is currently raising funds for its native token $YPRED. The presale has already reached the impressive milestone of $3.6 million, with an average daily raise of $18,652. The token, built on the Polygon Matic chain, provides utilities and staking opportunities for its holders. Each new platform subscription contributes to a staking pool, ensuring an attractive annual percentage yield (APY).
yPredict harnesses the power of the ARIMA model, a statistical tool dating back to the 1970s, to predict Ethereum prices. This model consists of three main parts: autoregressive (analyzing past values), moving average (smoothing out data), and integration (making data more stable). By utilizing straightforward data sets, the ARIMA model proves to be an effective tool in finance and even weather forecasting.
In addition to ARIMA, yPredict is developing an AI-powered tool using the LSTM approach. Long Short-Term Memory is a specialized computer model designed to predict patterns. In the realm of crypto trading, LSTM analyzes past prices to make educated predictions about future ones. This model learns the relationship between past and future prices, continuously improving its accuracy in forecasting.
Looking ahead to the remainder of 2023, yPredict has outlined its path for development. In the third quarter, the platform plans to focus on exchange listings, the beta launch of yPredict Repository, and a global marketing campaign. The fourth quarter is set to bring the beta release of yPredict Marketplace, as well as the full version of yPredict Analytics, Repository, and Marketplace.
yPredict is committed to developing a range of products to cater to various stakeholders in the financial ecosystem. Here’s a closer look at some of these upcoming offerings:
yPredict is working on an open platform that allows users to check asset price predictions. These predictions, generated through advanced predictive models, provide a transparent method for analyzing price trends. This platform empowers traders with valuable insights, enabling them to make informed decisions based on data-driven predictions.
This platform focuses on providing data-driven insights to uncover patterns in market behavior. Through features such as pattern recognition, sentiment analysis, indicator analysis, and transaction analysis, yPredict Analytics equips traders with the tools needed to navigate the complex financial landscape. The platform operates on a freemium pricing model, offering membership levels ranging from free to pro trader.
The yPredict Marketplace acts as a bridge, connecting AI/ML developers with traders. Developers can list their model’s prediction results as a subscription service, aptly named “Results as a Service.” Traders can then subscribe to these models and receive real-time results, allowing them to stay ahead in the ever-changing market. This marketplace facilitates collaboration and exchange of knowledge between developers and traders.
Recognizing the significance of trade execution, yPredict is developing a trading platform called yPredict Terminal. This terminal goes beyond basic features and prioritizes speed, offering a variety of order types and order expiration. It also integrates special charts that are compatible with yPredict Analytics and Marketplace modules. With yPredict Terminal, traders have everything they need to execute trades efficiently while leveraging the power of advanced AI tools.
While it remains uncertain whether AI will become the modern oracle of finance, platforms like yPredict are paving the way for sophisticated tools that empower traders and investors. By combining time-tested models with cutting-edge AI strategies, yPredict offers a fresh perspective on financial predictions. The platform’s focus on accuracy, accessibility, and democratization of data-driven insights positions it as a promising player in the future of financial forecasting.
To learn more about yPredict and explore its range of offerings, visit their website for a firsthand experience with the future of financial predictions.