Although the crypto market recovered slightly after the recent decline, it could not achieve a strong upward momentum. This indicates uncertainty about the direction of the market. A strong March was followed by a volatile April. Now all eyes are focused on what May will bring. We also looked at artificial intelligence’s May predictions for DOGE, ETH and LUNC Coin for our readers.
Artificial intelligence predicts DOGE price for May 1
cryptokoin.comAs you can see from , the crypto market has a mixed outlook. Popular meme coin Dogecoin (DOGE) is facing downward price pressure. Dogecoin has found use in various industries, including payments. Its relationship with Tesla CEO Elon Musk points to additional potential use cases. The large-cap meme coin has approximately 7 million owners on-chain.
Despite significant user engagement and significant market presence, AI is predicting decline for Dogecoin in the coming weeks. CoinCodex predicts DOGE price will fall to $0.136776 by May 20, influenced by bearish market sentiment and a ‘Greed’ index of 66. This represents a drop of approximately 14% for the meme coin from its current price of $0.1596.
Artificial intelligence predicts May 1 LUNC Coin price
Terra Classic (LUNC Coin) made a splash after its recently accepted block size proposal. Currently, LUNC Coin is trading relatively high in the last 48 hours. Still, the token is far from out of the woods. Despite the recent increase in LUNC Coin price, the price of Terra Classic remains significantly below 2024 prices. Additionally, it has lost nearly 25% of its value in the red over the last 30 days of trading.
In this environment, the LUNC Coin price is likely to decisively end its 30-day downtrend, according to PricePredictions’ artificial intelligence algorithms. But it is also unlikely to turn the recent rally into a more significant bull run. As a matter of fact, the platform predicts that LUNC will be traded at $0.000110 on May 1. So, given its price of $0.0001106 at the time of writing, one does not expect the token to make a significant move in the coming days.
Artificial intelligence predicts May 1 ETH price
Ethereum (ETH) has recently experienced notable volatility amid fluctuations in market prices. Despite this uncertain environment, ETH remains above the important $3,000 support zone. It is possible to attribute some of the volatility to whale activity as they transfer significant amounts of tokens to exchanges. For example, Whale Alert data on April 20 showed that 10,911 ETH worth approximately $33.52 million were transferred to Coinbase.
At the time of writing, ETH was trading at $3,193, up approximately 0.75% in the last 24 hours. However, on the weekly chart, Ethereum dropped as low as $2,900. Ethereum now stands at a critical juncture. A loss of this $3,000 level could trigger a further downside trajectory. CoinCodex’s artificial intelligence algorithm predicts that Ethereum will trade at $3,117.08 on May 1. This means it will remain almost the same as its current value.
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