Crypto investors are eagerly awaiting what will happen at the end of the year after a volatile November. The fact that Bitcoin has not made a drastic move for weeks has raised expectations. Let’s take a look at what levels await in December for machine learning algorithms SHIB, FLOKI, LUNC and XRP alongside experienced analysts.
Machine learning algorithm determines SHIB, FLOKI, LUNC and XRP levels for December
Terra Classic (LUNC) remained among the trending cryptocurrencies despite the FTX collapse. On December 2, it posted a 12% increase, adding $100 million to its market capitalization. This shows that investors still continue to be interested in the Terra ecosystem.
On the price prediction side, machine learning-based algorithms at PricePredictions, which take into account indicators such as the moving average (MA), relative strength index (RSI), moving average convergence divergence (MACD), Bollinger Bands (BB), show that the LUNC price is $0.000158 at the end of the month. predicts it will. This represents a -8.1% drop compared to the price at the time of writing.
Meanwhile, the algorithm’s prediction was in line with the predictions of the crypto community. In CoinMarketCap’s community survey, respondents estimated $0.0002582 for LUNC in December. As a result, the crypto community expects a drop in LUNC price this month.
Forecasting algorithm greenlit for SHIB
Shiba Inu (SHIB) suffered losses throughout the year, as did LUNC in bankruptcies like Terra and FTX. The forecasting algorithm predicts that the SHIB price will recover slightly from this crash in December. According to the results, SHIB price will trade at $0.000010 on December 31, 2022. This means that it will rise by around 10% from current levels.
On the other hand, CoinMarketCap’s community survey reveals that investors are expecting a more optimistic year-end. CMC community survey respondents predict that the SHIB price will trade at $0.000011 by the end of the year.
As Ripple-SEC lawsuit draws to a close, community keeps expectations high
As Kriptokoin.com, we have quoted US lawyer Jeremy Hogan’s predictions about the outcome of the case in this article. Forecasting algorithm, based on technical analysis only, determines the price of $ 0.427 for the end of the year for the price of XRP. This means that at the current price of $0.3889, XRP will increase by 8.73%.
Meanwhile, the crypto community has been keeping its expectations high for XRP. The CMC survey showed that 1,733 users were expecting an average price of $0.4155.
Forecasts say biggest SHIB rival will hold steady
After the Dogecoin and Shiba Inu rally in 2021, the crypto market followed Elon Musk’s third meme token named Floki (FLOKI), named after the Shiba Inu dog. On June 25, 2021, Musk wrote on Twitter, “My Shiba Inu will be called Floki.” Then someone brought the idea to life within hours. Musk later responded with a tweet on September 12 that read, “Floki has finally arrived.” ERC20 and BEP20 based FLOKI has been trending ever since.
As for forecasts, PricePredictions machine learning-based algorithms predict that FLOKI’s price will trade slightly below its current price of $0.0000094 on December 31.
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