Amid regulatory pressure on the cryptocurrency market and fears that the Federal Reserve will falter, cautious optimism reigns. In this environment, machine learning algorithms at PricePredictions predict the prices of SHIB, XRP and Bitcoin for the beginning of March.
AI sets XRP price for March
XRP is currently driven by bullish sentiment, although the token’s price position remains unstable due to the possibility of an ongoing rise or fall in value. cryptocoin.comAs you follow, while XRP stands out among the tokens that are closely watched, especially on the legal front, the community remains interested in how the token will perform.
In this context, we looked at the prediction of machine learning algorithms on PricePredictions, a crypto tracking platform, regarding the price projection of XRP. XRP is likely to trade at 0.3910 on March 1, 2023, according to data from February 21 in the platform’s 30-day price forecast. Compared to the price of XRP at the time of publication, the projected value represents a small increase of about 1%.
Specifically, the forecast takes into account different technical indicators such as Bollinger Bands (BB), moving averages (MA), moving average convergence divergence (MACD), relative strength index (RSI) and others.
Artificial intelligence determines Bitcoin price for March
As the cryptocurrency market recorded significant gains over the past week, crypto traders and investors are trying to gauge where the price of Bitcoin (BTC) could be at the beginning of the third month of 2023 based on available data, including predictions made by machine learning algorithms. In this context, machine learning algorithms at PricePredictions predict that the price of Bitcoin on March 1, 2023 will be $24,934.
Hence, machine algorithms predict that Bitcoin will trade 1.72% higher than its current price of $24,513.
AI sets SHIB price for March
Meme coin Shiba Inu (SHIB) is expressing a series of bullish sentiments after appearing to be impacted by the overall market downturn triggered by increased regulatory uncertainty. Currently, SHIB has maintained steady gains lately, with investors keeping a close eye on the token for how it will perform in the near future.
Accordingly, machine learning algorithms on cryptocurrency tracking platform PricePredictions predict that SHIB followers will see the asset continue with bullish momentum in the coming days, trading at $0.000014 on March 1, 2023, according to data received on February 20. The price projection represents an increase of approximately 8% from the token value at the time of publication.
While the Shiba Inu’s ability to maintain its bullish momentum in the coming days depends on the overall market action, the asset also relies on network activities to inspire a sustained bullish trajectory. Indeed, the community is looking forward to the release of a layer-2 scaling solution called Shibarium, whose release date remains uncertain.
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