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Sell alert: XRP price facing sharp correction to $1

The ongoing cryptocurrency market bloodbath might have cemented XRP’s bearish move, with the asset potentially staring at an almost 60% drop. The asset’s technical formations suggest that the recent attempt to move towards $3 might have been invalidated, with the next target at $1, considering XRP is forming a bearish head and shoulders pattern , according to crypto analyst Ali Martinez. In an X post on March 4, Martinez observed that the pattern has been forming since December 20, 2024, and the last 24 hours of market movement might have confirmed the shoulder formation. XRP price analysis chart. Source: TradingView/Ali_charts Notably, the pattern consists of three peaks: a higher peak (head) flanked by two lower peaks (left shoulder and right shoulder). In this line, the ‘neckline,’ identified at the $2 support level, serves as a critical threshold. If XRP sustains a break below this level, it could precipitate a significant downturn. For XRP, a sustained drop below $2 could trigger a 57% correction, bringing its price down to the $1 level, a scenario that would erase significant gains made in recent months. Before the recent crash, XRP was riding high after President Donald Trump announced its inclusion in the strategic cryptocurrency reserve alongside Bitcoin ( BTC ), Ethereum ( ETH ), Solana ( SOL ), and Cardano ( ADA ). While XRP enjoyed a short-term bullish wave, Martinez noted on March 3 that the asset had shown signs of invalidating the head and shoulders pattern. If this breakout had occurred, Martinez suggested XRP could have aimed for $3, possibly even hitting a new all-time high of $5. XRP whales on a buying spree Amid the volatility, XRP whales have maintained their optimism, accelerating their accumulation of the asset. According to March 4 data from onchain cryptocurrency analysis platform Santiment , these investors scooped up 1 billion XRP in just 24 hours—a move that often signals an upcoming price rally. XRP whale transaction chart. Source: Santiment/Ali_charts Meanwhile, pseudonymous analyst Captain Faibik shared an optimistic outlook, pointing to XRP’s daily chart. He highlighted a bullish pennant formation in a March 4 X post , suggesting a potential 100% rally. XRP price analysis chart. Source: TradingView/ CryptoCave The analyst explained that the tightening price range between descending resistance and ascending support often precedes a strong upward move. A break above the upper trendline could drive XRP up 80% to 100% in the midterm, targeting fresh highs. Beyond technicals, the ongoing Securities Exchange Commission ( SEC ) vs. Ripple case could shape XRP’s future. With the SEC recently dismissing cases against other crypto players such as Coinbase, many speculate the agency might opt for a dismissal or amicable resolution with Ripple—a development seen as a key driver for the token’s next big move. XRP price analysis By press time, XRP was trading at $2.36, a price it settled at after a massive 10% drop in the last 24 hours. Meanwhile, over the last seven days, the token has rallied more than 10%. XRP seven-day price chart. Source: Finbold The current XRP price suggests the asset is facing potential short-term losses, considering it is trading below its 50-day simple moving average ( SMA ) of $2.68. However, it remains above the 200-day SMA of $1.53, maintaining a bullish long-term trend. Featured image via Shutterstock The post Sell alert: XRP price facing sharp correction to $1 appeared first on Finbold . Bitcoin World

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Revolutionary SpeciesNet: Google Unveils AI Model to Transform Wildlife Identification

In the fast-evolving world of technology, where innovations often reshape industries, Google has just dropped a game-changer for wildlife conservation. Imagine harnessing the power of artificial intelligence, the same tech fueling crypto advancements, to protect our planet’s biodiversity. Enter SpeciesNet, Google’s brand-new, open-source AI model poised to revolutionize wildlife identification and monitoring efforts globally. For those keeping an eye on tech breakthroughs, this isn’t just another algorithm; it’s a powerful tool with the potential to significantly impact how we understand and safeguard our natural world. What is SpeciesNet and why is it a game-changer for wildlife identification? For years, researchers have relied on camera traps – those stealthy digital cameras triggered by motion – to peek into the secret lives of animals. These devices are invaluable for studying wildlife populations , but they come with a massive data deluge. Mountains of images can take weeks to manually analyze, slowing down critical conservation work. That’s where SpeciesNet steps in as a transformative force. Think of it as an AI assistant for ecologists. Google’s SpeciesNet AI model is designed to automatically identify animal species from camera trap photos. This isn’t just about saving time; it’s about unlocking faster, more comprehensive insights into biodiversity trends. Launched under Google’s Wildlife Insights initiative, SpeciesNet is already powering analysis tools for researchers worldwide, helping them collaborate and accelerate their vital work. The impact? Quicker understanding of animal distributions, population changes, and the effects of environmental shifts – all crucial for effective conservation strategies. Open Source AI Model: Democratizing Conservation Efforts Google’s decision to make SpeciesNet open source is a pivotal move. What does this mean? It means the technology isn’t locked behind proprietary walls. Instead, it’s freely available on GitHub under an Apache 2.0 license, allowing tool developers, academics, conservation organizations, and even biodiversity-focused startups to leverage its power without hefty restrictions. This democratization of advanced AI tools is crucial for scaling up biodiversity monitoring in natural areas across the globe. Key benefits of open source approach: Accessibility: Wider access for researchers and organizations with varying resources. Collaboration: Encourages community contributions and improvements to the model. Innovation: Sparks the development of new tools and applications built upon SpeciesNet. Transparency: Allows for scrutiny and validation of the AI model’s performance and biases. How does SpeciesNet AI work? The engine behind SpeciesNet’s impressive capabilities is its training dataset. Google claims it has been trained on a staggering 65 million publicly available images , along with contributions from renowned institutions like the Smithsonian Conservation Biology Institute and the Zoological Society of London. This massive dataset allows SpeciesNet to recognize a vast array of species and objects. SpeciesNet isn’t just limited to identifying specific animal species. It can classify images into over 2,000 labels, including: Animal Species: Identifying specific species like lions, elephants, or various bird species. Taxa: Recognizing broader taxonomic groups such as “mammalian” or “Felidae” (the cat family). Non-animal Objects: Differentiating between animals and other objects like “vehicle” or “human.” This granular level of classification is essential for accurate data analysis in ecological studies. Researchers can use SpeciesNet to quickly filter out irrelevant images and focus on the valuable wildlife data captured by their camera traps . The Benefits of SpeciesNet for Researchers and Conservationists The advantages of utilizing SpeciesNet are numerous and impactful for the conservation community: Benefit Description Accelerated Data Analysis Significantly reduces the time spent manually sorting and identifying animals in camera trap images, freeing up researchers for other critical tasks. Increased Data Volume Processing Enables researchers to handle and analyze larger datasets, leading to more comprehensive and robust ecological studies. Improved Accuracy and Consistency AI-driven identification reduces human error and ensures consistent species classification across large datasets and multiple researchers. Enhanced Collaboration Facilitates data sharing and collaborative analysis through platforms like Wildlife Insights, powered by SpeciesNet. Cost-Effectiveness Reduces the need for extensive manual labor, making wildlife monitoring more affordable and scalable, especially for under-resourced organizations. Challenges and Considerations in AI-Driven Wildlife Monitoring While SpeciesNet offers immense potential, it’s important to acknowledge the challenges and considerations that come with AI-driven wildlife identification : Data Bias: AI models are trained on data, and biases in the training data can lead to inaccurate or skewed results. Ensuring diverse and representative datasets is crucial. Accuracy Limitations: While powerful, AI is not infallible. SpeciesNet’s accuracy may vary depending on image quality, species rarity, and environmental conditions. Human verification might still be necessary in some cases. Technological Infrastructure: Effective implementation of SpeciesNet may require access to adequate computing resources and technical expertise, which could be a barrier for some researchers or organizations in remote areas. Ethical Considerations: As AI becomes more integrated into conservation, ethical guidelines are needed for data privacy, responsible AI deployment, and avoiding unintended consequences. SpeciesNet vs. PyTorch Wildlife: A Quick Comparison of AI Tools Google’s SpeciesNet isn’t the only player in the field of AI tools for camera trap analysis. Microsoft’s AI for Good Lab maintains PyTorch Wildlife, another open-source framework. While both aim to automate animal detection and classification, there are some differences. Key differences: Provider: SpeciesNet is from Google, PyTorch Wildlife is from Microsoft. Framework: SpeciesNet is presented as a specific model, while PyTorch Wildlife is a broader framework offering pre-trained models and tools. Focus: Both focus on wildlife identification , but PyTorch Wildlife might offer more flexibility for customization and fine-tuning due to its framework nature. The existence of multiple open-source AI models like SpeciesNet and PyTorch Wildlife is beneficial for the conservation community, offering choices and fostering innovation in this critical area. The Future of AI Model in Biodiversity Conservation SpeciesNet represents a significant leap forward in leveraging AI model technology for biodiversity conservation. As AI continues to advance, we can expect even more sophisticated tools to emerge, capable of analyzing not just images, but also audio and video data from the field. Imagine AI systems that can: Real-time Wildlife Monitoring: Analyzing data streams from camera traps and sensors in real-time to detect poaching events or track animal movements dynamically. Predictive Modeling: Using AI to predict biodiversity loss risks and inform proactive conservation interventions. Citizen Science Integration: Empowering citizen scientists to contribute to wildlife monitoring efforts through AI-powered image analysis apps. The journey of using AI for wildlife identification is just beginning. With tools like SpeciesNet leading the way, we are moving towards a future where technology plays an increasingly vital role in understanding, protecting, and preserving our planet’s precious biodiversity. To learn more about the latest AI trends, explore our articles on key developments shaping AI features. Bitcoin World