Machine Learning Algorithm Predicts Where Shiba Inu Price Will Be At The End Of February

2024-2-23 01:00

The machine learning algorithm at CoinCodex has predicted where the Shiba Inu price will be going toward the end of February. SHIB, which has not had the best of performances this month, is still seeing upside nonetheless, but it seems the machine learning algorithm does not believe that this recovery will continue.

Algorithm Expects Shiba Inu Price To Retrace

The CoinCodex machine learning algorithm takes into account a number of factors and uses this to come up with a prediction for the price of a cryptocurrency. For Shiba Inu, the prediction for the next five days is more bearish than expected.

Although the Shiba Inu price is currently trading above the $0.000009 level, the machine learning algorithm expects this to be short-lived. The 5-day prediction came out to be $0.0000089, which is a 6% drop from where the meme coin is currently trading.

However, on a longer timeframe of one month, the machine learning algorithm is much more bullish on the Shiba Inu price. Following the expected decline, it predicts that the SHIB price will end up recovering and rising above the $0.00001 mark once more. If this happens, it would be a more than 10% increase from the low $0.0000089 prediction for February.

The prediction comes at a time when the broader crypto market is experiencing a recovery, so a drop could be going against the grain. However, since it’s in the very short term, such a drop in price will not have much of an effect in the long run.

Can SHIB Price Reach $1?

The Shiba Inu price reaching $1 has been a long-standing discussion among investors, but the sheer size of the coin’s supply has always served as a hindrance to this. The CoinCodex machine learning algorithm does not see the SHIB price reaching that high this decade and expects subpar performance from the coin.

For example, it expects SHIB’s highest point in 2025 to be $0.00002029, and that the price will not reach its previous all-time high of $0.00008 for the next five years. Then, in 2030, the machine learning algorithm puts the highest point for the SHIB price at $0.00008555, meaning it expects SHIB to make a new all-time high six years from now.

Presently, the SHIB price is seeing limited upside, with only a 1.78% increase in the last 24 hours, according to data from CoinMarketCap. Its market cap is sitting at $5.69 million, making it the 17th-largest cryptocurrency in the space.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Algorithm bit (ABIT) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 ABIT

algorithm machine shiba learning february price inu

algorithm machine → Результатов: 33


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.

2023-11-11 20:00


Фото:

Sony Files Patent for Bitcoin Wagering on Playstation and Other Consoles

Sony, the electronics giant, has revealed a patent that would introduce bitcoin wagering in its consumer electronic products and consoles, like the Playstation system. Spectators of a game could wager about what will happen next in an e-sports competition, and odds would be calculated by a machine algorithm depending on rankings or previous match history. […]

2021-5-19 17:30


Фото:

The unforeseen trouble AI is now causing

AI has come a long way in recent years — but as many who work with this technology can attest, it is still prone to surprising errors that wouldn’t be made by a human observer. While these errors can sometimes be the result of the required learning curve for artificial intelligence, it is becoming apparent that a far more serious problem is posing an increasing risk: adversarial data.

2019-6-18 23:30


CryptoCapital AI: Legit Algorithmic Trading for Investors and Traders?

What Is CryptoCapital AI? Crypto Capital AI is an algorithm based open hedge fund platform that implements Artificial Intelligence and Machine Learning algorithms in the cryptocurrency market. On the Crypto Capital AI platform, individuals and institutional investors, traders or fund managers can create their own trading portfolios or even hedge their fund by simply renting trading […]

2019-3-20 09:39


Rise ICO

Rise is a software company developing sophisticated algorithmic trading technology using the latest artificial intelligence (AI) and machine learning (ML) systems. Rise’s STO will introduce the RISE (RSE) security token, which will provide a long-term passive income stream for token-holders, derived from various revenue sources.

2018-10-5 14:52


Фото:

DevCon 4 Will Set the Stage for Ethereum’s Next Milestone: Constantinople

Ethereum is embracing the Constantinople milestone at the end of November 2018, after DevCon4 in Prague. Constantinople is the latest Ethereum release, introduced through a hard fork, that will include five Ethereum Improvement Proposals (EIPs):Bitwise shifting instructions (EIP 145) in the Ethereum Virtual Machine (EVM) allow for direct manipulation of bytes on the EVM layer.

2018-9-11 18:15


Solana ICO

Solana is a new blockchain architecture based on Proof of History (PoH) - a proof for verifying order and passage of time between events. PoH is used to encode trustless passage of time into a ledger - an append only data structure.

2018-7-27 01:26