AI is the biggest technology that will define 2023. The mass penetration of ChatGPT is just a preview of what’s coming. Now that people have embraced AI, new projects that explore futuristic technologies are taking over the market.
A Dynamic Sector with Fertile Soil
The AI and Big Data sectors have changed how we understand data processing and utilization. The advanced algorithms and machine learning techniques are perplexing, but they have vast possibilities in everyday life.
They can overhaul a wide range of industries in decision-making, shrewd analysis, and of course, automation. The heap of data that multiplies at an exponential rate will change the way we live and work in the next few years.
According to a new report by CoinMarketCap, the AI and Big Data sector has grown by 323% within the niche. In fact, AI & Big Data is the second-fastest growing crypto sector this year.
While metaverse and virtual reality dominated the crypto market from 2021 to 2022, AI has the spotlight this year. It is one of the most thriving sectors in the crypto space and is poised for further growth in the next few months.
Needless to say, the release of OpenAI’s ChatGPT has catalyzed the trend.
Top AI Cryptos Set to Explode Soon
AI is a game-changer in the crypto sector for many reasons. It can transform our financial and social landscapes, with decentralized transactions of data and value at its core. Crypto projects and investors see AI as fertile soil with plenty of possibilities for growth and expansion.
In this article, we look at two emerging AI projects that have caught the market’s attention and why they are positioned for explosive growth this year.
1. yPredict – AI-Driven Curated Price Predictive Models
yPredict is an AI token that has taken the crypto world by storm, even before the token launch. The presale of YPRED tokens, the native cryptocurrency of yPredict has surged past the $3M mark within days of going live to the astonishment of the market.
The fast-growing traction of the token can be attributed to its underlying AI ecosystem tailored to cater to crypto traders, experts, and quants. Being the only cryptocurrency of the AI-based marketplace, YPRED facilitates access to crypto price predictive models carefully crafted by renowned AI experts, quants, and analysts.
It is dedicated to combating the challenges that traders and investors have to deal with every day to maintain a statistical edge in the highly volatile market.
If we look at the current crypto landscape, we will find that bots and algorithms saturate the market. The saturation has led to unpredictability and influenced the price structures of assets like BTC and ETH.
The situation is worsened by manipulative bots that favour specific assets and investors. yPredict emerges as a reliable solution to the problem, offering a renewed sense of certainty to crypto price predictions by leveraging the expertise of industry analysts and AI developers.
yPredict allows you to make near-accurate predictions, as it grants access to industry expert-driven crypto price predictive models through monthly subscriptions. The payments are made in YPRED tokens, which serve as the driving force behind the ecosystem.
Apart from this, it provides AI Signals, Sentiment Analysis, and 25+ Chart Pattern Recognition.
Being an AI-powered utility token, YPRED is distinct from meme coins like Dogecoin, which solely rely on community strength and hype. Instead, the use cases powered by yPredict’s underlying project architecture make it a more sustainable option for investors with a long-term outlook.
The ongoing presale presents the optimal entry point to the project. It is divided into multiple stages, featuring a gradual price hike as it progresses. This presale allows the community to be part of the project’s growth from its inception.
2. Launchpad XYZ – A Web 3.0 Hub for the Masses
Another AI token to draw massive attention over the last few months is LPX, the native cryptocurrency of Launchpad XYZ.
As its name suggests, the platform ushers in the new era of Web 3.0 by lowering its entry barriers. Whether you’re interested in cryptocurrencies, NFTs, or the metaverse, you will find plenty of valuable data and insights on the platform. Its market relevance lies in the fact that the complexities and jargon prevalent in the crypto market are detrimental to its growth.
They turn away traditional investors and users from entering the market and trying their hands on digital assets. That is not a trend to be encouraged. Despite the advanced technology that Web 3.0 makes use of, it needs to lower the technical barrier to penetrate the masses.
This is where Launchpad XYZ steps in as a bridge between crypto enthusiasts and promising crypto projects. The platform enables more individuals to explore the various opportunities in trading, investment, and play-to-earn using its extensive ecosystem. It consists of an NFT marketplace, a play-to-earn gaming hub, a metaverse experience library, a Web3 wallet, an NFT DEX, and a trading terminal to name a few.
But the standout functionality on Launchpad XYZ is Launchpad Quotient (LPQ) – a singular metric that indicates the risk and reward potential of any Web3 Asset. Derived from a wealth of data, it encompasses 400 data points, such as moving averages, sentiment analysis, and trading volume.
As the market is ever-changing, the LPQ value fluctuates based on the latest data and news available.
The insights and data-driven metrics like LPQ create a more accessible and informed environment for crypto enthusiasts and investors.
Although the growing lack of confidence in the traditional financial system has urged an increasing number of people to explore cryptocurrencies, the market doesn’t respond well to the demand.
With a mission to onboard the next 10 million users to Web 3.0, Launchpad XYZ enhances the overall crypto user experience and educates users about the diverse range of yield opportunities available.
The LPX presale is live. It comes with excellent early-bird discounts that give investors a low entry to the AI coin. The platform promises to play a pivotal role in democratizing access to information and opportunities within the crypto market, but it remains to be seen how efficient it is.
But if you have your eyes set on a meme coin
Meme coins are wildly popular now. They don’t have any underlying utility, but they seize the market with three- to four-digit bull runs. If you want to add a volatile asset to your portfolio, Burn Kenny is the latest meme coin sensation.
“Ever wondered how to set fire to your digital assets in a fun and potentially profitable way? Welcome to Burn Kenny, a token so hilariously volatile, you’ll think you’re in an episode of South Park!”
The project launched a discreet presale on 20 July 2023. Don’t be dispirited if you find it already sold out. The token launch is scheduled for 24 July 2023.
Source: https://coinpedia.org/information/ai-and-big-data-witness-growth-ai-cryptos-are-set-to-explode/