AI-Based Crypto Signals Platform yPredict Raises $3.4 Million – How Does it Work?
The crypto market has seen immense growth and adoption over the past few years. The highly volatile nature of digital assets makes crypto trading a high-risk, high-reward game, however.
This is where AI-driven crypto signals platforms like yPredict come in—to provide data-driven insights to help traders make informed decisions and reduce risk.
yPredict, an AI-powered platform for crypto trading research and analysis, has recently raised $3.4 million in funding so far during its presale event. The project's goal is to bring together financial experts, quants, data scientists, and traders to deliver reliable crypto trading signals and predictions.
But how exactly does yPredict generate these algo-based trading insights? Let's take a closer look under the hood.
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At its core, yPredict wants to bridge the knowledge gap between complex crypto markets and regular retail traders. Its suite of analytical tools will be powered by AI to filter out the noise and detect reliable patterns. This would provide traders with a statistical edge for better risk management.
The platform's pattern recognition feature will automatically detect over 100 chart patterns like head and shoulders or cup and handle across any timeframe. Each pattern will have a confidence score based on its recent performance.
yPredict is also working on a system that analyzes news headlines and social media chatter related to cryptocurrencies using natural language processing and sentiment analysis. The tool will generate an overall positive, negative, or neutral sentiment score to gauge market momentum.
The platform will further backtest hundreds of technical indicators on recent historical data to highlight the ones that have shown predictive power
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