Artificial intelligence (AI) has been at the forefront since tools like ChatGPT came to the fore recently. Compiling a large database and technical indicators, these algorithms can help determine crypto prices. In this article, let’s take a look at what levels PricePredictions’ machine learning algorithm points towards the end of February for LUNC and Ethereum.
Machine learning algorithm expects these levels in LUNC price
Terra Classic (LUNC), the first Blockchain of the collapsed Terra (LUNA) ecosystem, has had the opportunity to recover in company with the general market since the beginning of 2023. Specifically, after the May 2022 crash, the LUNC community took various measures in conjunction with the support of its industry to prevent Terra Classic from falling out of favor among investors. Particularly, the support of giants like Binance to token burning efforts brings LUNA and LUNC to the list of top earners from time to time.
In terms of price, let’s take a look at the predictions of AI bots. Since artificial intelligence (AI) has recently come to the fore with tools like OpenAI’s ChatGPT, investors are turning to deep learning algorithms to help predict the direction of cryptocurrency prices. In particular, PricePredictions’ machine learning algorithm predicts that LUNC will trade at $0.000172, a slight decrease from its current price at the time of publication on February 28.
What awaits Terra Classic (LUNC) investors in February?
An ambitious plan by the community that could see an attempt to re-fix USTC in a significant turnaround for the project could be another major motivator for LUNC price action in the coming weeks.
It is important to pay attention to this plan, because if it does happen, it will be a catalyst for a price increase and help LUNC out of the current price range. As the price approaches $0.00019, it will serve as a decisive test for the viability of this rally.
Artificial intelligence determines Ethereum price
PricePredictions’ artificial intelligence algorithm predicted that on February 28, Ethereum price would be in the $1,555 region. If we take into account technical analysis (TA) indicators such as moving averages (MA), moving average convergence divergence (MACD), Bollinger Bands (BB), relative strength index (RSI), and others, this means that this algorithm expects a decrease of about 1.2% in Ethereum price. is coming.
Ethereum (ETH) has these catalysts to rise in February
As always, any altcoin is heavily influenced by the market atmosphere and macroeconomic landscape around the world, as well as the developments surrounding its ecosystem. For example, one of the developments that could help Ethereum kick off a new bullish rally in the near future is the March launch of the long-awaited Shanghai mainnet fork, which will test the readiness of its ETH staking capability.
In preparation for the official launch of the shadow fork, the Zheijang public testnet released on February 1, as confirmed by Ethereum developer Parithosh Jayanthi. The community is now preparing for the Shanghai and Capella testnets, which will be released six days later.
At the same time, Ethereum has been adding close to 130,000 new unique addresses every day since January 1, 2023, reaching its ATH level of 221 million. cryptocoin.com As we have mentioned, it was the third project of the day in terms of development activities.
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