Most assets in the cryptocurrency market show an unstable outlook in the new week. This shows uncertainty about where prices will move next. We received DOGE and SHIB Coin predictions for the end of February from CoinCodex, which uses artificial intelligence algorithms.
Artificial intelligence determined DOGE price for February 29
cryptokoin.comAs you can see from , the crypto market is still a bit stagnant. Popular meme coin Dogecoin (DOGE) is no exception. Machine learning and artificial intelligence (AI) algorithms do not predict much improvement for DOGE until the end of this month. Crypto and stock tracking platform CoinCodex is predicting a slight decline for Dogecoin. In this context, the artificial intelligence tool determined the DOGE price for February 29 as $ 0.0687.
More specifically, the above prediction, which CoinCodex’s machine algorithm bases on the crypto asset’s historical price dataset and other relevant factors, sees Dogecoin’s price approximately 12% lower than its level at the time of writing if this prediction comes true.
Are there any bullish tips for DOGE?
On the other hand, despite the bearish forecast and static price movement, Dogecoin is witnessing parabolic activity on its network. Additionally, the number of crypto wallets holding DOGE has grown at the fastest rate in its ten-year history. This indicates a possible upward momentum.
Additionally, the network has also seen a significant increase in DOGE transactions in recent weeks. Additionally, the average weekly transaction amounted to approximately $593. These show that there is intense and growing interest in Dogecoin despite the current hurdles in its price movement.
Artificial intelligence determined SHIB Coin price for February 29
AI algorithms are cautiously optimistic about the price of Shiba Inu (SHIB Coin) by the end of this month. Notably, CoinCodex predicts the SHIB Coin price on February 29 at $0.000009363. This means a slight increase for the Shiba Inu.
If the above predictions, which AI Shiba Inu arrived at based on historical price movements and other indicators, come true, they will represent a 4.46% gain from where SHIB Coin price is at the time of writing.
Are there any bullish factors for SHIB Coin?
Meanwhile, the latest data from Shibarium ecosystem explorer Shibariumscan shows that the Shiba Inu network recently surpassed the massive milestone of 3 million blocks produced. It also reveals that a new block is added every five seconds. On top of that, Shibarium has recorded more than 335 million transactions in total. In addition, there are currently 1.35 million crypto wallets on-chain. This shows the impressive growth of Blockchain. It also creates a bullish situation for the network’s native cryptocurrency.
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