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PancakeSwap Introduces AI-Powered Prediction Market on Arbitrum

Twitter icon  •  Published 2 days ago  •  Hassan Maishera

The Pancakeswap team announced via a blog post on Wednesday that it has launched its Prediction Market on Arbitrum, featuring an AI-driven price feed powered by Allora.

The Pancakeswap team announced via a blog post on Wednesday that it has launched its Prediction Market on Arbitrum, featuring an AI-driven price feed powered by Allora. PancakeSwap's Prediction Market allows users to forecast the price movements of tokens such as ETH every 10 minutes with opportunities to earn a share of the round’s prize pool.

PancakeSwap is a BNB Chain-based decentralized exchange (DEX) with an automated market maker (AMM) model for swapping BEP-20 tokens. CAKE is up by 2% today and is currently trading at $2.192.

Arbitrum is a suite of scaling solutions on Ethereum that utilize Optimistic Rollup. It allows users to enjoy faster speed and cheaper transaction costs when interacting with web3 dApps. ARB, the native coin of the Arbitrum network, is up by 2% today and is trading at $0.89389.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.