ChainGPT Pad Launches AI Tools For Wealth Management — CGPT Price Analysis
ChainGPT, an AI-driven Web3 infrastructure that offers a comprehensive array of tools and services, has announced the exclusive initial DEX offering (IDO) of its newest project, Wisdomise AI, through its ChainGPT Pad launch pad.
Wisdomise AI, which functions as an all-encompassing AI-powered cryptocurrency advisor and investment assistant, is preparing to launch its $WSDM token on May 13. This move is part of its broader strategy to make AI-driven investment and wealth management services accessible to a wide spectrum of investors.
ChainGPT Pad Drives Innovation with Strategic Incubation for Web3 Startups
The ChainGPT Pad has established itself as the leading decentralized fundraising and incubation platform for Web3 projects, garnering recognition as the most popular launchpad in 2023. It selects emerging startups with significant disruptive potential and aids them in transforming their innovative ideas into sustainable business models.
The incubation program at ChainGPT Pad comprehensively supports startups through product development, smart contract implementation, and enhancing user engagement. By offering expert mentorship and facilitating access to a broad network of influential partners and investors, the platform equips Web3 startups with essential tools to overcome challenges and prosper.
Wisdomise AI offers a comprehensive platform designed to enhance financial prosperity by simplifying the complexities and information overload typical in the financial market. It features a range of proprietary tools and data beneficial for both active and passive crypto investors. Additionally, Wisdomise AI includes a fully automated trading platform, managed by Wisdomise Brain, its advanced multi-layer AI system that enables efficient learning, prediction, and execution of trades.
The platform also focuses on making intricate financial data accessible and comprehensible, helping even novice digital asset investors understand the market better. By implementing the “wisdom crowds” principle, Wisdomise AI aggregates collective insights to benefit all its users. Furthermore, Wisdomise AI utilizes sophisticated AI and personalized financial chatbots to foster effective and profitable interactions within digital asset marketplaces. Promoting equitable access to investment information, the platform not only offers curated insights and opportunities in the crypto space but also plans to expand into additional markets soon.
Breaking Down Barriers in Cryptocurrency and Traditional Finance
Ilan Rakhmanov, CEO and Founder of ChainGPT, praised Wisdomise AI for its sophisticated AI algorithms and its commitment to community and accessibility, which enable digital asset investors to make well-informed decisions in the complex cryptocurrency market. Rakhmanov expressed enthusiasm for the launch of Wisdomise on ChainGPT’s Initial DEX Offering (IDO) platform, highlighting the company’s competent team, engaged community, detailed roadmap, and a clear vision that positions it to revolutionize interactions with financial markets.
Fardad Zand, CEO and Co-Founder of Wisdomise AI, noted that access to structured monetary products and passive investment opportunities in both the cryptocurrency and traditional finance sectors is typically limited to a select few. However, Wisdomise AI’s platform breaks down these barriers, facilitating efficient digital asset investment and wealth management.
By integrating AI, the platform enhances the ability for all Web3 users to invest, trade, and manage their digital assets effectively and user-friendly. With their IDO poised to support future initiatives, Zand acknowledged the significant support and guidance provided by ChainGPT as they gear up for their token launch.
CGPT Token Price Technical Analysis
The CGPTUSDT trading pair has experienced significant fluctuations, characterized by marked declines interspersed with brief rallies. The overall trend has been downward, as evidenced by repeated failures to surpass the exponential moving average (EMA), which illustrates a prevailing selling pressure over buying interest in the market.
Currently, the 9-day EMA is situated just above the price, indicating a resistance level around $0.2358. The inability of the price to exceed this level suggests that bearish pressures are likely to continue, with the EMA serving as a dynamic resistance and reinforcing the sellers’ advantage in the market.
Moreover, the relative strength index (RSI) stands at 23.72, signaling an oversold condition. This typically suggests that the asset may be undervalued and could potentially rebound. However, the sustained low level of the RSI points to strong bearish momentum, which may hinder any immediate price recovery.
The current trading pattern of CGPTUSDT indicates a bearish outlook, yet the identified support and resistance levels are critical in forecasting potential shifts in market direction. The immediate support level near $0.2320 has demonstrated resilience, with the price frequently rebounding at this mark, indicating it could be a temporary price floor. This observation suggests there is significant buying interest or accumulation occurring at this level, leading traders to view it as a potential buying opportunity in anticipation of a price rebound.
Conversely, previous peaks around the $0.26 mark have established themselves as resistance zones. Traders have historically used this level as a cue to take profits, which increases selling pressure and solidifies the resistance.
The post ChainGPT Pad Launches AI Tools For Wealth Management — CGPT Price Analysis appeared first on Coinfomania.
