Blockchain Analysts are Accumulating This AI Crypto Before 2024 – Here’s Why

cryptonews.com:

In recent years, cryptocurrencies have captivated investors with their volatility and potential for significant returns. Trading in an unpredictable crypto market can prove challenging even for seasoned investors, however. This has led to a shift towards more data-driven investment strategies in the sector, with professional traders relying more and more on AI and predictive analytics. As one of the latest trends, artificial intelligence (AI) and machine learning are appearing as powerful tools for crypto analytics and predictions.

A new platform called yPredict is using the power of AI and machine learning to provide crypto traders with an edge. The project centers around its native utility token, $YPRED, which enables access to yPredict’s premium features.

After launching a beta waitlist earlier this year, yPredict is preparing to fully debut its AI-powered crypto investing tools. This includes trading signals, sentiment analysis, pattern recognition, and algorithmic models designed to identify promising altcoins.

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At its core, yPredict’s offering seems well-positioned to address one of the biggest pain points in crypto investing — unpredictable volatility. The platform’s artificial intelligence analyzes market data to spot trends, behaviors, and patterns. This data powers the trading insights and price prediction tools provided to users.

With crypto charting its own course, largely disconnected from broader equity markets, advanced analytics offer investors a lifeline for making sense of the noise.

In traditional financial markets, most historical data reflects price action. Blockchain networks produce vast amounts of additional “on-chain” data that is publicly available, however, including factors like