The Bitcoin Cash network has completed its latest upgrade which essentially implemented the highly anticipated adaptive blocksize limit (ABL) algorithm. The new feature will make it much easier to change the block size limit in order to meet the demand of the network’s throughput. As of 9:24 a.m. Eastern Time on Wednesday, five blocks have […]
Bitcoin News
Machine Learning Algorithm Predicts Dogecoin Price For May 2024
As April comes to a bearish close, expectations for Dogecoin in May are not exactly bullish, especially as the crypto market has continued to fall. DOGE has been one of the main losers during this time, falling below .14. This underperformance is expected to continue as the machine learning algorithm at CoinCodex predicts further decline for the meme coin.
Algorithm Predicts Another 13% Decline
Despite the Dogecoin price already suffering a notable 14% decline in the last week, the machine learning algorithm believes it will fall another 13% in the month of May. The machine learning algorithm, which takes a number of metrics into consideration, presented that the DOGE price remains very bearish despite the market still sitting in greed.
For the month of May, the algorithm expects the meme coin’s price to decline by a total of 13.66% from here, falling below .13 to .1238. Even on the shorter term, the Dogecoin price remains bearish with an expected 1% decline to .14 in the next five days.
On the broader timeframe, expectations for the meme coin are not high as the machine learning algorithm does not expect the cryptocurrency to reach a new all-time high until 2029. For the year 2025, it gives the meme coin a yearly high of over .66, which is less than its current all-time high price of .7.
The next two years after this are expected to be bearish as the price is predicted to fluctuate around .126 and .25. Then, a new all-time high price of .4 is expected. If this plays out, then it would mean that Dogecoin investors would have to wait another five years to see new peaks.
Dogecoin Metrics Tell A Different Story
While the machine learning algorithm remains bearish, the Dogecoin metrics have been painting a picture of bullishness. For example, there has been a steady increase in the Dogecoin trading volume, rising 28% in the last day alone. This suggests a return of investor interest and if it translates into demand, it could see the price rise rapidly from here.
There has also been an accumulation trend for the meme coin, especially among whales. One whale, in particular, withdrew 226 million DOGE from the Robinhood exchange in two transactions. Usually, when investors move coins from exchanges to private wallets, it means they are accumulating for better prices. This could signal a turn in the tide.
However, at the time of writing, the Dogecoin price is still struggling at .135, with a 4% drop in the last 24 hours. A reversal from here could see DOGE retest the .15 resistance. But a breakdown could send it back toward .12.
Machine Learning Algorithm Predicts When Cardano Price Will Hit New $6.5 ATH
The machine learning algorithm at CoinCodex has predicted when the Cardano price will reach a new all-time high. The coin which has been performing quite well in the last few weeks is still miles away from its current all-time high of .1. However, the machine learning algorithm has revealed when it will cross this level once more.
Cardano Price Will Hit .5
According to the CoinCodex machine learning algorithm, the Cardano price may be locked into years of performing below its 2021 all-time high prices before finally revisiting It around five years from now. Apparently, while the next few years will see the price jump another 200% from its current price, breaking above .1 will remain elusive.
The year 2024 which is expected to be the start of another crypto bull market will reportedly see ADA only rise as high as .98, falling just short of its previous all-time high. Then in the years 2025 and 2026, its max performance is pegged even lower with .42 in 2025 and .8 in 2026.
The year 2027 is expected to follow the same trend as 2026 with a min value of .5 and a maximum value of .86. However, in 2028, this is expected to completely change to the point where the ADA price will reach a brand-new all-time high.
Cardano’s max price for the year 2028 is said to be .52 by the machine learning algorithm with a minimum price of .73. Then in the following year of 2029, it expects a minimum value of .1 and a max value of .99. Finally, the year 2030 is placed at a minimum of .65 and a maximum of .36.
ADA Sees Bullishness Across The Board
Contrary to the CoinCodex machine learning algorithm saying that the Cardano price will not reach a new all-time high until the year 2028, crypto analysts have come forward with their own bullish predictions. One analyst Psyclops expects the price to climb to amid the rapid growth that is being recorded in the Cardano ecosystem.
Another crypto analyst known as Crypto Crow says that they expect the price to reach . The time frame from this analyst is that they expect this to happen in the next bull market and since the next bull market is expected to take place between 2024 and 2025, it gives it a two-year timeframe.
Finally, crypto analyst Dan Gambardello has predicted that the Cardano price will reach . His reasoning lies with the past performance of the digital asset which has performed very well in each bull market. Gambardello expects that if ADA sticks to historical performance, then the market cap of the altcoin will climb to 0 billion by the year 2025.
Machine Learning Algorithm Predicts 17.66% Rise In Bitcoin Price, Here’s The Target
The machine learning algorithm at CoinCodex has taken a crack at the Bitcoin price and predicted where the asset’s price could be both over the short term and the very long term. If the predictions are anything to go by, then the price of Bitcoin is at one of the lowest points it’ll ever be in the next seven years.
Very Bullish For Bitcoin Price In The Short Term
The predictions from the machine learning algorithm for the Bitcoin price, especially in the short term, are very bullish. These predictions ranging between five days and one month show where the algorithm expects the price to be in these time frames and they are a long way away from the current price levels.
On the 5-day prediction, the machine learning algorithm is showing a rather outrageous price, predicting that the price will rise approximately 50% from here. The 5-day price target is placed at ,661, and taking into account the current Bitcoin price of just under ,200 at the time of this writing, it will mean that BTC would have to jump 49.65% in less than a week.
The prediction on the one-month timeframe is, however, much more realistic at ,760. This translates to a .66% rally taking the current price into account, and an almost ,000 increase in value for the pioneer cryptocurrency.
Looking Over The Long Term Prediction For BTC
On the much longer timeframes, the algorithm shows much more bullishness for Bitcoin. For example, in 2024, which is less than two months away, it predicts that the Bitcoin price will run as high as 9,364, with a yearly low of ,564, which is the lowest it expects the asset’s price to be in the next seven years.
Between the years 2025 and 2026, it expects BTC to peak above 0,000 with a bottom yearly range of ,757. Interestingly, in 2027, the algorithm does not expect much deviation between the yearly low and high, putting the former at ,443 and the latter at ,522.
In 2029, the CoinCodex machine learning algorithm expects the Bitcoin price to finally cross the sought-after 0,000 level. In this year, the yearly low moves up significantly to 6,318 and the yearly high is placed at 5,028.
Fast forward to 2030 and the bullishness is maintained with an expected yearly low of 1,562. The predicted yearly high for 2030 is lower than that of 2029 but still significant at a value of 6,676.
The high figures projected for the Bitcoin price are not without merit as the website identifies that there are more bullish signals flashing now than bearish signals. Out of a total of 30 signals analyzed, 27 were found to be bullish with only 3 bearish signals.
Shiba Inu Price Prediction: Machine Learning Algorithm Reveals December Target
The crypto market has experienced somewhat of a resurgence in recent times. Shiba Inu (SHIB) happens to be one of the altcoins that many seem to have their eyes on during this period. And if the prediction of this machine learning algorithm is anything to go by, it would seem that these SHIB holders are well positioned for more profitable times ahead.
SHIB’s Projected Price By December
According to data from the price prediction algorithm on the crypto analytics platform CoinCodex, SHIB’s price is predicted to hit .000009534 by December 11. Such price action will represent about a 10% increase from its current price.
Meanwhile, the sentiment around the token continues to be bullish, which suggests that many expect the token to rally further despite the impressive gains it has already recorded.
With such a bullish sentiment, CoinCodex’s prediction seems more attainable as the ecosystem could see more whales and retail investors jump in on the token. If that happens, it could further add to the buying pressure, an important metric to determine if SHIB could continue riding on this momentum to attain CoinCodex’s prediction by December.
In line with the bullish sentiment, CoinCodex noted that 24 technical analysis indicators are signaling bullish signals, with only a mere 4 indicators signaling bearish signals. Based on its forecast, the platform predicts that now remains a good time to buy the meme coin despite the impressive gains it has already recorded.
Another important metric that CoinCodex highlighted was the fact Shiba Inu’s RSI value currently stands at around 63.05, indicating that the token is neither oversold nor overbought. As to the exact time to buy the token, investors might be able to take a cue from CoinCodex’s five-day prediction as the platform expects a correction to around .000008008.
The Fundamentals Are Aligning For Shiba Inu
The Shiba Inu ecosystem has continued to record interesting developments that suggest that the fundamentals are as bullish as the charts and technical analysis. Most recently, the SHIB non-custodial wallet was launched in a bid to promote the ecosystem’s vision of a decentralized state and enhance the crypto experience of Shibizens.
Interestingly, the wallet is equipped with certain features that address the fears of using a non-custodial wallet. One of them happens to be a feature that allows users to recover their tokens even if they were to forget their seed phrase. The wallet also integrated Web3Auth to make the user onboarding experience effortless and straightforward.
At the time of writing, SHIB is trading at around .000009465, up by over 14% in the last 24 hours, according to data from CoinMarketCap.
Here’s Where The Price Of LUNC Will Land This August, According To This Algorithm
LUNC’s community has worked continually towards reviving the ecosystem’s native LUNC token. However, recent data from this artificial intelligence (AI) algorithm suggests these efforts might not be enough.
LUNC’s Price Prediction
PricePredictions, a state-of-the-art crypto analysis and forecasting platform, has projected Terra Classic (LUNC) to trade at around .000076 by the end of this month. PricePredictions combines indicators like average true range (ATR), relative strength index (RSI), and moving average convergence divergence (MACD) to make such forecasts.
Suppose this projection is anything to go by, it means LUNC will experience a decrease from its current price by August 31, 2023, with LUNC currently trading at around .000079, according to data from CoinGeko.
While this news is undoubtedly bearish for the LUNC community, there was more to cheer about following Binance removing 1.14 billion tokens from circulation as part of the LUNC burn mechanism. LUNC’s price also surged following this news, although it has since retraced.
While the machine-learning prediction indicates a potential decline in LUNC’s price, it is important to note that the recent price spike following the Binance announcement demonstrates that positive developments can potentially reverse the trend of Terra Classic.
Such events could potentially mean that we could see more uptrend from the token as the community continues to propose solutions that could see regain the confidence of investors and push its once stablecoin USTC to re-peg with the dollar.
USTC Decision Likely To Affect LUNC
Vegas, a member of the LUNC community, had earlier proposed in a tweet that the 0 million USTC tokens linked to the Ozone protocol should be returned to the Terra Classic community pool because of the ineffectiveness of the project and its failure to adhere to the proposed development plan.
Meanwhile, there has been a conflicting proposal from Alex Forshaw, a co-author of the Terra Classic Revival Roadmap, who has proposed that the 0 million USTC tokens be burned instead. He believes that validators and stakers who have a strong influence on the ecosystem will most likely dump their tokens, leading to a further decline in the token’s value.
While whatever proposal the community moves forward with will affect USTC’s price with the hope that it finally reclaims its peg with the US dollar, it will most likely affect LUNC’s price too.
Currently, LUNC’s price is trending at .00007925, down 1.62% in the last 24 hours and 3.08% in the last 7 days. However, this downtrend could quickly reverse if the community is able to figure out a way to re-peg USTC to the US dollar.
FBC Fund Has Tripled Investors’ Earnings Thanks to RJVX13 Algorithm
Within several months the FBC Fund has significantly increased its parameters, and thereafter, the profit of investors. There are 2 reasons for that. The first one is a significant growth of almost all cryptocurrencies’ rates over the past few months.
The second reason is that the Fund has updated and optimized its famous stock market prediction algorithm – RJVX13.
FBC (Finance and Business Capital LTD) is best known for its unique proprietary algorithm that allows you to predict the short-term behavior of the stock market and cryptocurrency quotes. The Fund is also known for its early investments in Defi sector projects. FBC has brought its investors more than 1,000% over the past year.
And last but not least – just recently the Fund has removed any restrictions on the deposit and withdrawal of funds for citizens of any country. The company is planning to open offline representative offices not only in its home country – the UK but also in other countries.
Disclaimer: The information presented here does not constitute investment advice or an offer to invest. The statements, views, and opinions expressed in this article are solely those of the author/company and do not represent those of NewsBTC. We strongly advise our readers to DYOR before investing in any cryptocurrency, blockchain project, or ICO, particularly those that guarantee profits. Furthermore, NewsBTC does not guarantee or imply that the cryptocurrencies or projects published are legal in any specific reader’s location. It is the reader’s responsibility to know the laws regarding cryptocurrencies and ICOs in his or her country.
FBC Fund Has Tripled Investors’ Earnings Thanks to FBC14 Algorithm
Within several months the FBC Fund has significantly increased its parameters, and thereafter, the profit of investors. There are 2 reasons for that. The first one is a significant growth of almost all cryptocurrencies’ rates over the past few months.
The second reason is that the Fund has updated and optimized its famous stock market prediction algorithm – FBC14.
FBC (Finance and Business Capital LTD) is best known for its unique proprietary algorithm that allows you to predict the short-term behavior of the stock market and cryptocurrency quotes. The Fund is also known for its early investments in Defi sector projects. FBC has brought its investors more than 1,000% over the past year.
And last but not least – just recently the Fund has removed any restrictions on the deposit and withdrawal of funds for citizens of any country. The company is planning to open offline representative offices not only in its home country – the UK but also in other countries.
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