The cryptocurrency market is about to end a tough year. Market participants wonder what 2023 will bring. Machine learning algorithms at PricePredictions predicted holiday prices for DOGE, LUNC, and SHIB.
January 1, 2023 price forecast for the Shiba Inu (SHIB)
The cryptocurrency market is preparing to enter 2023. Shiba Inu (SHIB) traders and investors are trying to understand what awaits the altcoin in the new year, which has been going through a tough period in the past months. Machine learning algorithms on crypto tracking platform PricePredictions predict that the Shiba Inu will change hands on January 1, 2023 at $0.000008071, according to data from Dec.
Its analytics platform takes into account technical indicators such as moving average (MA), moving average convergence divergence (MACD), relative strength index (RSI) and Bollinger Bands (BB). The SHIB forecast price predicts a 2.62% decrease from the previous year. At press time, the altcoin is trading at $0.000008288.
Meanwhile, sentiment on the 1-month indicators on TradingView is largely on the bearish side. It shows ‘strong selling’ in Summary 7. The oscillators, on the other hand, stay in the ‘sell’ area at 1. Also, the moving averages point to ‘strong sell’ at 6.
cryptocoin.comShiba Inu became one of the top three most watched cryptocurrencies in 2022 on Binance, the world’s largest crypto exchange. SHIB topped the list after market giants Bitcoin (BTC) and Ethereum (ETH). The pessimistic forecasts, however, come in.
January 1, 2023 price prediction for Dogecoin (DOGE)
Crypto market participants are suffering from the consequences of the FTX collapse. In this uncertain environment, they are trying to figure out what 2023 will bring for Dogecoin (DOGE). Machine learning algorithms on crypto tracking platform PricePredictions predict that Dogecoin will change hands on January 1, 2023 at $0.079835, according to December 16 data. . At press time, DOGE is trading at $0.08272. Accordingly, the platform predicts a 3.49% drop from the DOGE price.
In particular, the sentiment expressed in the 1-day indicators on TradingView is also largely negative. Summary currently stands in the ‘sell’ zone at 14. Oscillators show ‘neutral’ at 8. Also, the moving averages point to ‘strong selling’ at 12.
Meanwhile, the crypto community at CoinMarketCap predicts that Dogecoin will cost $0.098 on December 31, 2022. Thus, unlike PricePredictions, they expect a rise in DOGE price for the turn of the year.
January 1, 2023 price forecast for Terra Classic (LUNC)
Crypto players are wondering what the new year will bring for some of the leading digital assets, including Terra Classic (LUNC), which has managed to maintain a strong level of interest among them despite the epic crash. Machine learning algorithms on crypto tracking platform PricePredictions predict the price of LUNC to be $0.000126 on January 1, 2023, according to data from December 21. The platform predicts a 3.07% drop from the LUNC price of $0.00013 at the time of writing.
Specifically, the sentiment expressed in 1-day indicators on TradingView is predominantly bearish. Oscillators show ‘neutral’ at eight, while moving averages point to ‘strong sell’ at 11. Also, the summary currently stands in the ‘sell’ zone at 13.
Interestingly, at the end of November, the CoinMarketCap crypto community predicted that on November 25, the price of LUNC would be $0.0002582 on December 31, 2022. Given the current price of LUNC and the widespread negative sentiment in the market, a move of this magnitude in such a short time is unlikely.
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