Investors now use machine learning algorithms to predict future prices. This AI model compiles various indicators and determines the next targets based on expert predictions. PricePredictions’ AI bot expects these levels in SHIB, Bitcoin and XRP by the end of May.
SHIB price will get rid of the 0 it recently added
The Shiba Inu is currently undergoing Shibarium bridge beta testing. Following the full release, the bridge is expected to significantly improve the Layer 2 utility.
PricePredictions has set $0.000092 as the May 2023 target for SHIB price. However, the Shiba Inu is currently experiencing a bearish trend. Its price is trading at $0.000009946 after falling around 3% on a daily and weekly basis. This shows that the machine learning algorithm predicts that the price of SHIB will bounce back the 0 it recently added.
Meanwhile, one of the catalysts behind the SHIB price is; Addition of a Plasma Bridge technology using side chains to Shibarium. Thus, Shibarium will offer a risk-free token transfer between Ethereum and Shibarium networks.
Bitcoin (BTC) has already surpassed this expected level
Bitcoin’s price is heading towards $30,000 with the Fed’s 25 basis point hike on Wednesday, May 3. The leading crypto broke this psychological resistance in mid-April for the first time since June 2022. However, it has since retracted and dropped by about 5% over the period.
Looking forward, PricePredictions’ machine learning algorithm expects BTC price to hit $28,265 by the end of May. Currently, BTC has already surpassed this level with its gains during the day. At the time of writing, it is trading at $28,894.85.
A bearish signal is out for XRP
Over the past week, XRP has been stuck in a certain range. Thus, it left investors undecided about its next potential move. According to the latest data available on May 2, artificial intelligence (A) predicts that the price of XRP is unlikely to experience significant fluctuations until the end of the month and remains current range-bound.
The platform predicts that on May 31, 2023, the price of XRP will be trading around $0.444. This marks a gradual bearish market movement for the token between now and the end of the month. The forecast reflects a very small decrease of -4.1% from the current price of XRP at the time of publication.
In terms of price, XRP is currently trading in the 0.4579 region, where it has risen slightly. Technical analysis points to $0.42531 as the critical support level. This means that the cryptocurrency may see buying interest around this price level. Conversely, the resistance level for XRP is $0.49924, which represents a price point where the cryptocurrency could face selling pressure from investors looking to make a profit. cryptocoin.com We have included the dates for the final decision of the SEC case in this article.
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