Algorithmic trading has evolved, with machine learning taking the lead. Through the use of extensive data sets, machine learning adjusts trades and portfolios with high precision. While initially available to market professionals, AI crypto technologies are increasingly accessible to retail traders as well.
In this context, AGIX, RNDR, and yPredict emerge as some of the most promising AI cryptos of 2023.
AGIX: The Merge of AI and Blockchain
SingularityNET (AGIX) operates as a decentralized platform that focuses on the distribution of artificial intelligence services. It serves as a bridge between AI developers and users, providing a secure and transparent marketplace for AI services.
A recent development for SingularityNET is its partnership with VeChain, a company specializing in blockchain-based supply-chain tracking. This partnership aims to combine VeChain’s enterprise-level data with SingularityNET’s AI algorithms to automate manual tasks and provide real-time data, with the objective of regulating carbon emissions and reducing environmental pollution.
AI and Blockchain: A Synergistic Relationship
The work done by SingularityNET lies at the intersection of artificial intelligence and blockchain.
According to Ben Goertzel, the founder and CEO of SingularityNET, these two technologies can collaborate to solve challenges that are difficult to tackle using conventional methods. “The last few years have taught the world that when the right AI algorithms meet the right data on sufficient processing power, magic can happen,” he said in an interview with Cointelegraph.
SingularityNET continues to explore new possibilities for integrating AI and blockchain, aiming to build a decentralized ecosystem capable of adaptation and evolution.
RNDR: Bridging the Gap Between GPU Providers and Users
Render Network (RNDR) is a decentralized service that connects those in need of Graphics Processing Unit (GPU) computing capabilities with entities that have ample resources. This AI crypto has found a niche in serving 3D artists by providing a platform for showcasing their artistic creations.
The platform has gained recognition due to the growing demand for both AI and GPU computing services. RNDR caters to various applications, including artificial intelligence, virtual reality, and media content creation. Its pricing model adapts to factors such as task complexity, urgency, and resource availability.
Recent Updates in RNDR’s Operations
Render Network has entered into partnerships with key players in the GPU rendering industry, including Cinema 4D, Nvidia, Solana, Mattel, and Metaplex.
Another noteworthy aspect of Render Network is its utilization of artificial intelligence. This AI crypto focuses on exploring the advantages of GPU computing, creating optimism around the platform as the relevance of AI continues to grow.
yPredict: Revolutionizing AI Crypto Price Forecasting
yPredict is a new addition to the AI crypto space, specializing in price prediction. The platform has successfully raised $3.8 million in its ongoing presale and aims to transform how crypto traders interact with the market. The team is developing sophisticated models that utilize artificial intelligence to predict the future prices of various tokens.
yPredict combines well-established statistical models with modern AI techniques in its predictions. It incorporates the ARIMA model, dating back to the 1970s, and Long Short-Term Memory (LSTM) neural networks.
According to yPredict, this combination allows them to offer highly accurate price predictions for major cryptocurrencies such as Bitcoin and Ethereum.
What Traders Can Expect
The models developed by yPredict have a wide range of applications. Traders can use them to validate their own market analyses, identify the best cryptocurrencies, and gain an advantage in the market. These models offer an alternative to traditional methods of analyzing the crypto market.
yPredict plans to offer its models to a diverse user base, including analysts, quantitative researchers, and software developers. These users can adapt and customize the models and offer them to traders via the yPredict marketplace on a subscription basis.
By the end of this year, yPredict aims to launch a beta version of its marketplace along with a comprehensive trading terminal. The platform is set to provide market insights in a crypto market known for its price volatility.
Subscriptions to yPredict’s services will be payable in its native token, $YPRED. As the platform gains more users, the demand for this token is expected to rise. Additionally, holders of $YPRED tokens can earn a portion of the platform’s revenue generated from marketplace subscriptions.
Current Fundraising Status: A Strong Start
The fundraising efforts for yPredict have been successful, with $3.9 million raised so far. The presale is nearing its final stages, providing an opportunity for interested parties to invest. Currently, $YPRED tokens are available at a 20% discount from the anticipated launch price of $0.10.
In 2023, AI crypto technologies like AGIX, RNDR, and yPredict are becoming increasingly prominent in the trading scene. These projects offer new methods for tasks ranging from price prediction to portfolio management. As these platforms continue to grow and refine their services, they are expected to play a significant role in the cryptocurrency industry.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes only and does not constitute investment advice. Capital can be lost.