Ethereum

PancakeSwap

Arbitrum

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/pancakeswap-launches-ai-prediction-market" data-wpel-link="internal" rel="noopener noreferrer nofollow">PancakeSwap Launches AI Prediction Market</a><br></p>
<p style="text-align: justify">PancakeSwap, a significant player in the decentralized exchange (DEX) arena, has teamed up with Allora Network to introduce an AI-driven Prediction Market on the Arbitrum network. This new feature leverages AI-focused data analytics to anticipate price fluctuations in cryptocurrencies, offering users an advanced tool for predicting Ethereum price movements.</p>
<h2 id="how-does-the-ai-integration-work">How Does the AI Integration Work?</h2>
<p style="text-align: justify">The collaboration with Allora Network allows PancakeSwap users to utilize machine learning capabilities for more precise Ethereum price predictions on Arbitrum. According to Chef Gyoza, PancakeSwap’s Product Manager, Allora Labs’ models have shown high accuracy, predicting asset prices with 95-99% confidence levels for over 400 million assets in the past three years.</p>
<p style="text-align: justify">Allora’s <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">AI models</a> will provide real-time predictions on whether crypto assets are likely to rise or fall. Users can make their predictions based on this data, and the payment process will be influenced by the accuracy of these predictions. As users participate, the system will continuously adjust, improving its predictive capabilities over time.</p>
<h2 id="what-are-the-potential-impacts">What Are the Potential Impacts?</h2>
<p style="text-align: justify">The introduction of this AI-powered Prediction Market could significantly impact liquidity and volatility on the PancakeSwap platform. Although Chef Gyoza believes that, being a new feature, it might not immediately influence the market, the potential for broader application exists. He emphasized that all activities are recorded and finalized on-chain to prevent manipulation, ensuring transparency.</p>
<h2 id="key-takeaways-for-users">Key Takeaways for Users</h2>
<p style="text-align: justify"><strong>Important Points:</strong></p>
<ul>
 <li>Users can utilize the history tab to track all previous price movements and AI predictions.</li>
 <li>Predictions are locked before publication to prevent market manipulation.</li>
 <li>The AI feature will adjust predictions based on user interaction and performance history.</li>
</ul>
<p style="text-align: justify">These aspects are crucial for users aiming to make informed decisions in the AI-powered Prediction Market.</p>
<p style="text-align: justify">In addition to this launch, PancakeSwap plans to introduce CupcakeHop, an AI-driven portfolio management tool created by Bril Finance, expected to be available by August. This tool aims to offer personalized <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investment strategies</a> and real-time risk management to a wider audience, further expanding PancakeSwap’s innovative offerings.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/pancakeswap-launches-ai-prediction-market" data-wpel-link="internal" rel="noopener noreferrer nofollow">PancakeSwap Launches AI Prediction Market</a></h5>

PancakeSwap Launches AI Prediction Market

Table of Contents

BH NEWS

Další články publikované 26. 6. 2024

MakerDAO and Sherlock Team Up for Record-Breaking $1.35M Security Audit Contest

Filecoin (FIL) Price Drop: Investors Fear Another Decline

Band Protocol Connects Real-World Data to Smart Contracts

Allegations Of TrumpCoin's Creation Stir Controversy: 'Keys Are With Trump' Says Martin Shkreli

Next Cryptocurrency to Explode Wednesday, June 26 — AIOZ Network, Ethereum Name Service, OriginTr...

SEC Chair Optimistic Remark, Fuels Optimism In ETH price?

Join our free newsletter for daily crypto updates!