For many traders, the inability to accurately forecast asset prices often results in financial loss. yPredict is developing a platform that plans to combine artificial intelligence and financial expertise to help with this issue.
Still in its presale phase, the platform is expected to roll out various features from the second quarter of 2023 to the first quarter of 2024, according to their updated roadmap.
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yPredict’s Planned Offerings for Better Price Prediction
yPredict has laid out a roadmap that spans from the second quarter of 2023 to the first quarter of 2024 for its initial build phase. Among the planned features are yPredict Predictions and yPredict Analytics, slated for release in September-October 2023 and November-December 2023, respectively.
A Data Repository is also in the pipeline for the first quarter of 2024. While these features are still in development, they hold the promise of offering data-driven insights for trading.
The platform has so far raised $3,73 million in its ongoing presale. Each YPRED token, the native token of yPredict’s platform, is priced at $0.1 during this presale. Once the platform goes live, the YPRED token is will be listed on exchanges at $0.12. The presale is currently in its seventh stage.
How to Predict Crypto Prices: The Role of YPRED Tokens
YPRED tokens are planned to serve various functions within the yPredict platform. Token holders will be able to use these tokens to analyze different coins and access data-driven metrics. In addition, the tokens can be used to subscribe to predictive models in the yPredict Marketplace.
The marketplace itself is expected to be a platform where financial data scientists can offer their predictive models as a subscription service.
YPRED tokens will also enable holders to participate in voting within the yPredict ecosystem. Unlike traditional staking pools, yPredict’s staking pools are will derive their liquidity from 10% of each new user’s YPRED deposit. This feature is designed to involve the community in the decision-making process.
The second phase of yPredict’s development focuses on stabilizing its core offerings and community growth, which is planned for the second and third quarters of 2024. There is also a long-term plan to engage and scale the platform from the first quarter of 2024 onward.
In short, yPredict is developing a series of tools and platforms with the goal of aiding traders in the challenging task of price prediction. While it’s too early to assess the impact of these yet-to-be-released features, they represent an interesting approach to solving a problem faced by many in the trading community.
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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