Ethereum, the second most valuable cryptocurrency by market cap, has gained popularity due to its flexibility in enabling decentralized transfer and decentralized financial trading, and smart contracts. Its first-mover advantage has led many to believe that Ethereum could reach $10,000 by the end of this year, following its successful switch to a proof-of-stake consensus algorithm. However, regulatory actions targeted at the crypto space could hinder Ethereum’s growth. Despite this, investors can still expect significant profits from the foremost smart contract token before 2023.
As of press time, the Ether token is trading at $1,820, with a downtrend of 0.19% in the last 24 hours. While its fortunes have gradually improved over time, Ether’s short-term technical parameters show that its 50-day smooth moving average is significantly above its current value. Nonetheless, given the bullish broader market and its long-term bullish sentiment confirmed by its moving average convergence and divergence, now may be a viable opportunity to buy Ethereum.
The Emergence of yPredict
The Ethereum blockchain’s use case is infinite. Recently, popular crypto venture capital fund A16z or Andreessen Horowitz announced the launch of anonymous voting on the Ethereum network, using the Solidity language called Cicada. On the other hand, a new blockchain project called yPredict is focused on providing AI-powered insights to help investors make better decisions.
yPredict, based on the Polygon blockchain, is an AI-powered and machine learning platform that provides users with time-sensitive data and insights on different cryptocurrencies. The innovative platform features AI signals and 25+ chart recognition patterns that help better identify bullish and bearish periods, sentiment, and technical analysis. yPredict is trained with billions of data points that help it carry out complex market analysis. Additionally, yPredict offers institutional investors alternate data they can use to make custom analyses on their end.
The yPredict project is powered by the $YPRED token, operating on the ERC-20 standard. The digital asset is deflationary, with only 100 million tokens ever in circulation. This unique standing point, coupled with its feature-rich service, has driven interest in the asset’s presale process. So far, $YPRED has secured over $1.78 million in its current presale stage. Early bird investors can easily secure the digital asset for $0.09 before the next price hike to $0.10.
Ethereum’s market trajectory is expected to remain bullish in the long term, with regulatory actions targeted at the crypto space as potential stumbling blocks. Nonetheless, investors can still expect significant profits from the foremost smart contract token before 2023. Meanwhile, yPredict, a new blockchain project, provides AI-powered insights to help investors make better decisions, with its presale process already securing over $1.78 million.