Price Prediction for Cryptos: AI Predictions

They try, but nobody knows.

They try, but nobody knows.

Photo by Possessed Photography on Unsplash

Cryptocurrencies are a relatively new concept and technology that many people have not taken seriously. I was one of those people, not anymore. I bought my first crypto in May. But now, cryptocurrencies seem to be popping up everywhere. As I write this article, the king of crypto (Bitcoin) is almost back at its ATH.

One aspect of cryptocurrencies that is interesting to me is price prediction. Many people rely on this to make an investment decision, which makes sense for some aspects of cryptocurrencies, but the fact that we can’t predict what will happen in the future puts this practice into perspective.

Cryptocurrency and blockchain technology is emerging and evolving in many different ways. Specific algorithms try to predict the trend of the currency by analyzing the coin’s history, its velocity, or its uses. Some strategies are developed with neural networks or reinforcement learning. But some algorithms only use hi…