Can AI truly predict cryptocurrency prices?
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...