The green color dominance has emerged in the crypto money market again. The leading crypto Bitcoin (BTC) has returned to the $22,000 threshold again. The popular meme coin Shib Inu (SHIB) also recorded a strong increase. CoinMarketCap crypto community and machine learning algorithm predict where BTC and SHIB prices will be by the end of January.
Crypto community’s SHIB price prediction for January 31, 2023
After the market’s strong start to 2022, cryptocurrency traders and investors are once again discussing the Shiba Inu (SHIB). Many believe that SHIB has the potential to reach the heights it achieved in 2021. Given the developments in the SHIB network and the ongoing token burn, with data from Jan. 20, the Shiba Inu appears to be among the least valued assets based on short- and long-term returns.
However, the CoinMarketCap crypto community is not that optimistic about SHIB. According to the results of the votes cast by the community on January 20, SHIB is expected to trade at an average price of $0.00001064 on January 31, 2023. If the predictions are correct, that means the SHIB price will drop another 7.09% or $0.0000008119 by the end of January.
Looking at the performance of the community’s forecasts for the previous six months may also give an idea. The community historically predicted the SHIB price with 68.31% accuracy.
AI’s SHIB price prediction for February 1
On the other hand, the machine learning algorithm at PricePredictions shows that compared to the crypto community, SHIB is likely to trade slightly higher towards February. AI technology uses technical indicators such as moving average (MA), moving average convergence divergence (MACD), relative strength index (RSI), and Bollinger Bands (BB), among others, to make predictions. According to artificial intelligence, the Shiba Inu will be traded on February 1 at $0.000011. Currently, SHIB is trading at $0.00001147, up 0.62% on a daily basis and up 18.11% in the previous seven days.
cryptocoin.comAs you follow, the upbeat market mood and positive events in its ecosystem, such as the SHIB team’s long-awaited announcement of the core principles of the layer 2 Blockchain Shibarium, contributed to the rise of SHIB.
Bitcoin price prediction for January 31, 2023 from the crypto community
After a brief bullish rally, the overall cryptocurrency market has woken up in a sea of red again. However, today he managed to get back to the green zone in his yen. Bitcoin (BTC) is up 3.46% on a daily basis. However, the crypto community is less optimistic about the future price of BTC.
According to the results of the votes cast by the CoinMarketCap crypto community on January 19, Bitcoin will change hands on January 31, 2023 at an average of $ 19,368. If the community’s prediction turns out to be correct, it means that by the end of January, the price of Bitcoin will drop another 11.43%, or $2,500, compared to its current value of $21,868 at press time.
If we take into account the performance of the crypto community’s forecasts for the previous six months, the community has historically determined the BTC price with 71.75% accuracy.
AI’s BTC price prediction for February 1
Meanwhile, machine learning algorithms at PricePredictions had previously predicted that Bitcoin would trade at $21,382 on February 1, 2023. Unlike the crypto community, the machine algorithm continues to rise. Also, more recently it set the price at $21,239.
Also, the technical analysis (TA) of Bitcoin on TradingView’s 1-day indicators remains positive. The summary aligns with the ‘buy’ sentiment at 14, which is a result of oscillators showing ‘buy’ at 2 and moving averages (MA) showing ‘strong buy’ at 12.
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