818
views

What Are the Best Crypto Prediction Sites?

There are now several websites that provide, besides crypto live prices, some forecasts on the future of the leading cryptocurrencies. However, considering the market’s high volatility and the few analysis tools available to the public for formulating these forecasts, it must monitor these portals carefully.

This article will report some of the primary sources of price forecasts in the crypto industry. However, we remind you that the information contained in the text does not constitute financial advice, and we invite readers to conduct their research in this area.

CryptoPredictions

CryptoPredictions is a popular website in the crypto price forecasts marketplace. The portal clarifies that each forecast is strictly based on observing historical data through statistical tools.

The greater the number of historical data for a cryptocurrency, the higher the confidence level of the forecast provided (or, at least, this is how CryptoPredictions puts it). You can manually search for your favourite coin on the portal or use the following filters:

  • Category: here, we find elements like “Artificial intelligence”, “Fan Token”, “Music”, and many more
  • Algorithm: it is possible to indicate the algorithm on which a cryptocurrency is based
  • Platform: the site also allows you to select the blockchain of your preference

CryptoPredictions provides the ability to see price forecasts for over 12,000 different cryptocurrencies, placing the site among the best known in this sector.

CoinMarketCap

CoinMarketCap is perhaps the most popular site for finding the price of a cryptocurrency. However, not many people know that CoinMarketCap offers numerous additional services to its audience. Registering on this portal allows you, for example, to create a virtual investment portfolio to keep track of your coins.

Users can also indicate a forecast on the performance of a single coin. In such a young market, CoinMarketCap has decided to rely on individual investors to report estimates on the future of cryptocurrencies.

The “Price estimates” section of the site provides a summary view of the forecasts generated by the portal users. In addition, CoinMarketCap also places a forecast accuracy percentage close to each cryptocurrency, based on past performance.

The “Leaderboard” section is an exciting feature since CoinMarketCap reports a list of users (with masked names) who had greater precision in their past forecasts.

Wallet Investor

Artificial intelligence (or AI) has also arrived in the financial market predictions sector, and Wallet Investor demonstrates this. The site reports forecasts on four different time horizons: seven days, three months, one year, and three years, for nearly 10,000 cryptocurrencies.

Wallet Investor spreads long-term forecasts for all users with an AI-based system, even without registration. Instead, it will be necessary to create a profile on the site to know the short-term forecasts on all the coins monitored by the portal.

The site also allows the search for a particular cryptocurrency and the filter of those coins that Wallet Investor believes can grow more over a given time horizon.

TradingBeasts

Another famous alternative for looking for a crypto prediction site is TradingBeasts. The website provides several price forecasts over the next four years, divided by monthly predictions.

The team claims that the whole process is updated daily using linear and polynomial regressions. However, TradingBeasts reminds everyone that it is impossible to formulate a perfectly accurate prediction on the crypto market.

By giving a detailed monthly vision of the future, TradingBeasts brings some fascinating insight that needs to be studied by investors. 

For example, while many competitors claim that the short-term, medium-term, and long-term trends will go in the same direction (either up or down), TradingBeasts offers a different vision.

The website, indeed, shows the chances of a difference in the trend for the current year and the next one. To mention a representative case, the portal anticipates a decline in the price of Bitcoin (BTC) until June 2024, followed by a growth phase until the end of 2025.

Final thoughts on crypto price predictions

More and more investors are looking for quality cryptocurrency predictions. This is not surprising, the crypto market has enormous volatility, and the desire for quick and easy enrichment can appeal to anyone.

However, it is essential to note that predicting cryptocurrencies is by no means easy. Even people with great experience and financial knowledge can make huge assessment errors in this sector.

The cryptocurrency sector represents a very young reality and, consequently, with little data that it can use to formulate quality forecasts. There are, however, some websites that try, with different methods, to develop some price forecasts. 

Bitcoin live price
Btc
Bitcoin
$30.072
price
2.4128%
price change
BUY NOW

The hope is that, with the sector’s growth, the crypto data will increase to the point of making this type of analysis less complex and risky.

Stay up to date with our latest articles

More posts

WMA: Bitcoin Struggles at $30k as the Market Recovers Slightly

Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $1,286 trillion. Bitcoin manages to withhold the $30k level after a disappointing week. Ethereum lost almost 3% of its value over the past seven days. XRP decreased by nearly 3% this past week. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector lost over $0.3 billion from the…

Binance CEO CZ Urges Users to Diversify their Investments 

Zhao Changpeng, founder and CEO of the global cryptocurrency exchange platform, Binance, recommends that individuals diversify their investments.  Although Zhao, also known as CZ, warned that he doesn’t necessarily follow his own advice as well. The CEO also assured that Binance users’ funds were "SAFU", as users dread another Terra repeat. "Investment Wise, I'm Not a Good Example" In a Reddit AMA – which means Ask Me Anything – the 44-year-old billionaire briefly discussed a myriad of topics in response…

Cyprus Government Prepares Crypto and Digital Assets Bill

The Government of Cyprus has laid down its own digital assets laws to administer cryptocurrency transactions. It is very likely Cyprus could adopt the new bill before the EU reaches a consensus regarding its own regulatory structure. Kyriacos Kokkinos, an official of the Cyprus government, shared this information in a fintech meeting at Larnaca. Government Supports Crypto Usage Also a member of the European Union, Cyprus has a reputable position in the consortium when it comes to innovation. Just last…

Crypto Now a Popular Investment Option for European Families

More than 50% of European families have some investment in digital currency.   The average European family sees crypto as a viable investment and savings option. This data comes from several recent surveys conducted over different demographic areas. Despite the volatility of the crypto space, as recent events highlight, it has seen a continuous rise in new investors. More people are committing to crypto investments and many of them are taking steps to buy into the growing market.  The flurry…

New MicroStrategy CFO Remains Committed to Bitcoin HODL Plan

MicroStrategy still doesn’t plan to sell its Bitcoin, according to the company’s new Chief Financial Officer Andrew Kang. The recent bear market, which has brought Bitcoin’s value below the company’s average purchase price, hasn’t shaken the organization’s faith. “At this time, we do not have any intention to sell,” said the CFO, after joining the company on May 9th hailing from GreenSky. “There are no scenarios that I’m aware [in which] we would sell.” Shareholders also remain confident and reportedly…

CFTC Chief Backs Regulatory Incentives to Make Bitcoin Proof of Stake

Rostin Behnam – chairman of the Commodities and Futures Trading Commission – is not happy with Bitcoin’s current levels of energy consumption. He believes regulators should establish incentives to push the network towards a proof of stake (POS) consensus model. Not Worth the Energy, says Benham Speaking at POLITICO’s Sustainability Summit, Benham claimed that Bitcoin’s energy consumption doesn’t match its economic output. “That may rebalance over time, but right now it’s clearly skewed,” he said. Most of Bitcoin’s energy consumption…

Terra Collapse Causes G7 to Hasten Crypto-Centric Regulations

Earlier this week, ministers from the world's top economies, the G7, called for greater speed as financial watchdogs introduce comprehensive crypto regulation. This comes shortly after Terra's demise saw several crypto users suffer considerable losses in the space of a week. G7 Contacts FSB to Hurry Things Up The stablecoin failed to maintain its dollar peg and crashed as low as $0.07, with sister token LUNA not far behind. This created a ripple effect as general market anxiety destabilized even…

Andreessen Horowitz Unveils 2022 State of Crypto Report

The Silicon Valley venture capital firm Andreessen Horowitz (a16z) released a report on Tuesday covering the current state of crypto adoption. It highlights Ethereum as the leading blockchain network for developer support but contains very little mention of Bitcoin’s growth. The Potential of Web 3 The VC firm broke boiled down its report into five key takeaways about the current state of crypto. It began by suggesting that the industry is in the middle of its fourth ‘price innovation’ cycle.…

BinaryX Unveils CyberArena: A New Play-To-Earn (P2E) Experience

BinaryX developed and released CyberArena, a free-to-play, play-to-earn strategic card game. Gamers may compete to earn rewards while enjoying and experiencing a no-cost game in a new decentralized environment. The team has recently shared an AMA recap on its Medium page. The session gave the public the chance to learn more about CyberArena and the team’s plans. Getting to Know CyberArena CyberArena is a key addition to the BinaryX ecosystem. Being a free-to-play game with substantial prizes, it is a…

FBI Warns US Businesses Against Inadvertently Hiring North Korean Hackers

The US Federal Bureau of Investigation (FBI) has cautioned businesses against accidentally hiring IT employees from North Korea. In an advisory note, the state and treasury departments and the FBI warned that North Korean hackers are posing as freelancers. In doing so, they take advantage of remote work opportunities to earn money for Pyongyang. According to the FBI, the country’s hackers have been using this approach to evade US and UN sanctions. Reportedly, North Korea has used the funds from…