New AI-based analysis platform yPredict has raised close to $500,000 in its presale, which has now entered its fourth stage out of eight.
This puts the new Polygon-based project well on its way toward meeting its hard cap target of $6,507,511, with its soft cap having already been met.
And with yPredict already having launched its AI-powered trading algorithm in beta, the significant progress it has made in such a short space of time is likely to attract a growing number of new investors.
With its native YPRED token running on layer-two network Polygon, yPredict is an ecosystem centered around the use of artificial intelligence and machine learning for trading more intelligently and successfully.
As noted above, it has already launched its trading algorithm in beta form, yet in the coming months, it will expand to offer a range of AI-based prediction tools, as well as a marketplace through which developers of forecasting and analytical tools can connect with traders.
Lubricating this ecosystem is YPRED, which will have a range of functions and uses within yPredict's platform.
This includes paying for predictive model subscriptions, gaining access to the platform's analytics, and also for staking, which can earn holders a significant yield.
Given the notorious volatility of the cryptocurrency market, there's an obvious market demand for analytics and forecasting that can help traders make more informed and profitable decisions, which is a big part of the reason why yPredict's presale has been so successful in such a short space of time.
Investors can join the token offering by going to yPredict's website, where they can connect their software wallets and use ETH, USDT, MATIC, BNB or their credit cards to purchase YPRED.
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