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ChatGPT or yPredict – which platform is a better cryptocurrency price predictor?

Posted: Mon Jan 06, 2025 5:01 am
by tasnimsanika8
Artificial Intelligence (AI) is here to stay. ChatGPT, a chatbot based on the intelligent language model, is starting to give very good results. This tool can now program, create photographs and even write 100% original stories . One of its latest additions is that it can even predict the price of cryptocurrencies for the following months.

This is a qualitative leap, as in a market as volatile as crypto, it can start to stop being so. However, it is still not 100% reliable. ChatGPT does not have real-time internet reading and is based on information from up to 2021. Although there are ways for it to eventually give a result for crypto price predictions, other tools such as yPredict (YPRED) work better.

This tool is an AI development that creates predictive models to gain advantages in investments in the markets. In addition, it has YPRED, its native token already in pre-sale.

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ChatGPT and Worldcoin Tokens
The first examples of ChatGPT that were shared showed a very useful tool for programming, solving mathematical formulas and even as a personal assistant to improve productivity in offices. It is estimated that once its development grows, around 300 million jobs in the world could be replaced…

Some of the most affected professions that can actually be replaced by Artificial Intelligence (AI) are the following:

Mathematicians
Managers, accountants and auditors
Financial analysts
Reporters and journalists
Legal and administrative secretaries
User Interface and Web Designers
Translators
Demographic analysts
Public relations
Blockchain Engineers
Faced with this situation, more and more people are calling for action from governments. Even the founder of OpenAI and ChatGPT, Sam Altman, recently asked the US Congress to regulate AI and said he was “scared” by its advances.


Knowing what the future may hold, Altman is already getting ahead of himself. He recently created WorldCoin, a company with its own cryptocurrency that will reward users of this platform for having their irises scanned. In return, they will receive tokens as a reward…

Can ChatGPT predict cryptocurrency prices?
ChatGPT has proven to be very useful as a mathematical tool, so it was only a matter of time before investors and financial analysts began using it to gain deeper insight into the market and see price predictions for stocks and cryptocurrencies.

One of the most common questions is asking this tool about the price of cryptocurrencies, from Bitcoin to some smaller ones like the $SPONGE or $PEPE meme coins. And millions of users have done so. The result? ChatGPT has its technical limitations and does not provide a price prediction result as such.

As a language tool trained for other purposes, ChatGPT informs the search user that it cannot predict the future or that its database is set up until 2021, so it cannot provide information after that date. As many cryptocurrency investors will know, with such a volatile market, daily information is vital.

But there are ways to teach and train ChatGPT to look beyond that and get some results. For example, with “market sentiment.” This is one of the proposals from the AMBCrypto collective, who asked ChatGPT to analyze the market and that “sentiment.” The results were somewhat better. “ChatGPT can be tuned to perform sentiment analysis on information from news articles, data providers, and social media discussions. This can be used to identify whether the BTC market has positive or negative sentiment,” AMBCrypto noted.

Others have gone further and managed to extract some information from ChatGPT, as happened with the price of the $SPONGE meme coin cryptocurrency . “I have analyzed the available information on $SPONGE, taking into account its launch and its explosive growth. By the end of 2023, the price of $SPONGE could be around $0.00174 USD. This prediction takes into account that the popularity and demand for meme coins continues and the crypto market continues on a positive trend,” was the response given by the AI.

yPredict: An AI available to investors
While ChatGPT struggles to provide reliable price predictions, yPredict aims to outperform this tool in cryptocurrency market and price analysis. yPredict is an AI-powered trading platform. Its various financial tools are based on information and research on investment markets in general and also on the cryptocurrency sector.

Users who register will be able to access predictive investment models, technical hong kong number screening analysis and cryptocurrency signals. To be able to take advantage of all these possibilities, you must acquire YPRED, which is already available for pre-sale.

The variety of possibilities has attracted a large number of investors and analysts to yPredict. For example, this platform has a unique algorithm for price prediction and market sentiment reading. Ideal for predicting the price of cryptocurrencies or opting for a “Profit and Loss” in real time.

yPredict in pre-sale
yPredict has not yet reached its full potential, but it will be able to do so in a short period of time. To achieve this, its developers and creators have launched the pre-sale of the native YPRED token to raise the necessary funding. This pre-sale has 8 stages. The starting price of YPRED was 0.036 USD and its starting price will be 0.12 USD. The goal is to reach 6.5 million USD. The YPRED token is based on the Polygon Matic blockchain and has an imposed deflationary strategy.

The future lies in Artificial Intelligence and its possibilities. ChatGPT is making headlines for being the most popular tool of all, along with Google's Bard. But it has its limitations, such as in predicting cryptocurrency prices. For this type of action, it is better to try 100% market analysis tools such as yPredict.

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