NFT News by Thebittimes.Com

Although many assets in the cryptocurrency market have turned red, Shiba Inu (SHIB) is moving in the opposite direction, recording significant gains on its daily chart, and machine learning and artificial intelligence (AI) algorithms predict further (albeit modest) price increases in the following weeks. Indeed, Shiba Inu has made a surprising twist that has seen it advance over 7% in a matter of hours without any significant announcement or development during the weekend, other than the popular token becoming one of the payment methods on CoinGate last week . SHIB price prediction As it happens, Shiba Inu might continue to advance during May, possibly hitting the price of $0.000024 by May 31, 2024, according to the latest forecast by the advanced machine learning algorithm over at the crypto analytics platform PricePredictions obtained on May 14. Picks for you How would Trump’s ‘biggest tax cut’ impact crypto 19 hours ago The most successful IPO of 2024 so far...

As the Christmas festive season draws near, there is usually an increase in investor interest in the cryptocurrency market, with many actively seeking promising opportunities to achieve significant returns. In what was a notably positive year for Cardano (ADA), as its price increased over 70%, it has also recently surpassed a threshold of $370 million in total value locked (TVL), an increase of 520% since the start of 2023.  Historically, specific cryptocurrencies have demonstrated an increase in value during this timeframe, fostering expectations among investors for similar trends. Assets such as ADA have garnered attention from those aiming to capitalize on short-term movements. Considering these dynamics, Finbold employed PricePredictions and its AI-driven machine learning algorithms. These algorithms meticulously assess the ever-changing market conditions and analyze relevant indicators to forecast the likelihood of ADA seeing gains by Christmas day. ADA price prediction...

As of October 30, XRP is trading at $0.565, marking a modest climb of 1.85% within the past day and an encouraging 6.40% over the last week.  Within a year, the digital asset has soared by 22%, eclipsing the performance of 78% of its peers in the top 100 cryptocurrencies by market capitalization.  XRP price 1-day chart. Source: Finbold Currently, XRP is positioned above its 200-day simple moving average, signaling a bullish trend despite experiencing only 14 days of gains in the past month (47% of the time) and lingering 86% below its all-time peak. Amidst the anticipation surrounding the ongoing lawsuit, investors remain on high alert for XRP’s future price trajectory. The forward-looking machine learning AI at CoinCodex suggests a slight uptick in XRP’s value by the end of November, although it’s expected to stay shy of the $0.60 resistance benchmark. AI predicts XRP price for November 30: Source: CoinCodex Cryptocurrency Can DOGE reach $0.1 a...