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AI predicts Dogecoin price for May 1, 2024

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Although many assets in the cryptocurrency sector have resumed their bullish run from the previous weeks, Dogecoin (DOGE) still seems to be waiting for its turn. Despite the growing transaction volume indicating heightened activity, the meme-inspired cryptocurrency faces downward price pressure. Dogecoin has found utility in various sectors, including payments, and its association with Tesla (NASDAQ: TSLA) CEO Elon Musk suggests potential additional use cases. The large-cap meme coin, with a fully diluted valuation (FDV) of about $28 billion, has about 7 million on-chain holders. Even with significant user engagement and substantial market presence, AI-based forecasts suggest a bearish outlook for Dogecoin in the coming weeks Picks for you Bitcoin price predict ion post-halving; What's next for BTC? 41 mins ago Opportunity? This $1 cryptocurrency could surge as Bitcoin fees skyrocket 1 hour ago Here's why you should closely watch these 3 cryptocurre...

AI predicts SHIB price for May 1, 2024

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After a surge in popularity of meme coins in March, cryptocurrencies have seen a notable price decline over the past week.  In particular, Shiba Inu (SHIB) has been following a downward trajectory, trading below previously solid support levels. Despite a decline of approximately 18.96% over the past week, bringing the price of SHIB to around $0.000023 as of April 19, there has been a recent upswing. From its lowest level of $11.36 billion on April 13, Shiba Inu has displayed resilience, reclaiming some lost ground over the past five days. Picks for you R. Kiyosaki says Bitcoin is going through the roof on the verge of World War 3 50 mins ago We asked ChatGPT what will be silver price if an Israel-Iran war occurs 1 hour ago 100 blocks remain until Bitcoin halving 2 hours ago What is the quantum financial system? 4 hours ago SHIB 7-day price chart. Source: Finbold In the last 24 hours, the price has climbed nearly 4%; however, this sligh...

Can AI truly predict cryptocurrency prices?

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We delved into cryptocurrency AI predictions and analyzed the best crypto prediction apps for accurate price forecasts. While computer programs predict ing asset prices may seem like a far-fetched idea to most, the application of AI in market predict ion has been a researched topic for quite some time. For instance, a 2015 paper in the International Journal of Computer Applications discusses an “intelligent stock market forecasting” system that uses the capabilities of neural networks and fuzzy inference systems to unveil patterns in nonlinear and chaotic systems. Predicted value (red) versus actual market value (blue) chart. | Source: ResearchGate The scientists attempted to predict future stock values for January 2012 using historical data from BEXIMCO Ltd. According to them, the simulation revealed an average error of 1.84 percent. “If we create a strong knowledge base and train our system with more input data set, it generates more error-free prediction p...