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The current Cardano price of around USD 0.38 should not exactly please investors who invested at the all-time high of USD 3.10. However, the bear market showed the potential of the ADA cryptocurrency and the Cardano network.
In the last few days, the potential of ADA has been particularly visible in network usage. So, while something is happening with Charles Hoskinson’s digital currency, many investors are turning their eyes to another target: yPredict.ai – this is a coin that relies on artificial intelligence. Because the all-in-one platform yPredict.ai can help determine matters for Cardano and many other cryptocurrencies.
The Cardano ecosystem is experiencing massive growth – bullish signs are mounting
While many crypto experts see Bitcoin’s upcoming halving in the spring of 2024 as the initial signal for a new bull run, most investors are looking for a cheap entry point now.
In the case of Cardano (ADA), that could be the current price level in the area around $0.38. At the end of 2022, ADA was sometimes listed below 0.25 US dollars, but many other cryptocurrencies had also reached a very low price at that time. So ADA seems to have come back from the lows.
The growth of the ecosystem is especially important for the rising price of ADA. The more users there are on the Cardano platform, the higher the demand for ADA coins. And the prospects are very positive at the moment.
Based on the number of transactions, we see that activity on the Cardano network continues to increase. Cardano processed approximately 65.4 million transactions in April. The number of active wallets had already increased significantly – in March Cardano broke the four million wallet mark.
5/ The total number of transactions in April increased by 1.5 million. pic.twitter.com/lRBR7axSVM
— Input Output (@InputOutputHK) May 2, 2023
However, fundamentally, ADA’s price does not appear to have been boosted by these bullish signals. Therefore, investors are looking for alternatives. Therefore more and more investors are focusing their attention on the artificial intelligence sector.
Determine Cardano course development using yPredict.ai?
But can artificial intelligence also help make money with cryptocurrencies? This should be possible in the future – and we are not talking about ChatGPT, but about the new AI crypto project yPredict.ai with the associated $YPRED token. yPredict.ai is a marketplace where users can offer applications to determine price trends.
The developers of yPredict.ai rely on a patented algorithm that provides the software with intelligent learning models. yPredict.ai is not concerned with whether we are currently in a bull or bear market. The crypto protocol automatically recognizes hundreds of chart patterns. This gives you real-time trading signals that you can use to improve your trading activities.
You can also benefit from yPredict.ai through the mentioned $YPRED tokens – this is still in the Advance sale. This means that you would have the opportunity to be an early investor right from the start. Opportunities that many investors would like to see in Bitcoin, Ethereum or Dogecoin next. Currently a $YPRED token in the Presale costs only 0.05 US dollars. At the end of the presale, the coin rises to $0.12 on listing before the price can multiply.
Last updated May 3, 2023
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