Ethereum, the second most valuable crypto asset by market cap, continues to gain popularity due to its flexibility in decentralized transfer, decentralized financial trading, and smart contracts. Despite its first-mover advantage, regulatory actions targeted at the crypto space could serve as a stumbling block for Ethereum’s growth. Nevertheless, it is still expected to post an impressive profit before the end of 2023. Investors can tap into a new generation crypto trading solution called yPredict to significantly boost their earning potential in the short term.
At press time, Ether token is trading at $1,820, indicating a downtrend of 0.19% in the last 24 hours. While its 7-day performance shows an increase of 0.5%, it has shed 2.37% in the last 30 days. However, it has posted an impressive 14.31% increase in the 90-day streak and 52.67% in the 180-day bracket. Its year-to-date (YTD) performance is also impressive, up 52.52% so far. Ether’s 50-day smooth moving average (SMA) is significantly above its current value, but this could easily change given the bullish broader market. Its longer 200-day simple moving average (SMA) shows a bullish trend, and the moving average convergence and divergence (MACD) posts a growing strong buy signal. With its relative strength index (RSI) still showing underbought market pressure, now is a viable opportunity to buy Ethereum.
Anonymous Voting on Ethereum
The Ethereum network has launched anonymous voting using the Solidity language called Cicada. The solution prevents anyone except the individual voter from learning a person’s choice until the polling ends. The technology relies on time-lock puzzles and zero-knowledge proofs for private on-chain voting. This is a remarkable milestone for the world and the crypto market as it means individual preferences are easily maintained without being tampered with.
Innovative Trading Solution – yPredict
A new blockchain project called yPredict is already focused on providing AI-powered insights to help investors make better decisions. Based on the Polygon blockchain, yPredict 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. The project is trained with billions of data points that help it carry out the complex market analysis. Additionally, yPredict offers institutional investors alternate data they can use to make custom analyses on their end. yPredict is powered by the $YPRED token, and early bird investors can easily secure the digital asset for $0.09 before the next price hike to $0.10.