A data scientist at India’s prestigious Vellore Institute of Technology has outlined a method for how to purportedly predict crypto prices in real-time using a Long Short-Term Memory (LSTM) neural network. In a blog post published on Dec. 2, researcher Abinhav Sagar demonstrated a four-step process for how to use machine learning technology to forecast prices in a sector he purported is “relatively unpredictable” as compared with traditional markets. Machine learning for crypto price prediction has been “restricted” Sagar prefaced his demonstration by noting that while machine learning has achieved some success in predicting stock market prices, its application in …

At just over 10 years old, crypto’s largest asset Bitcoin (BTC) has made a name for itself as a volatile asset, as shown by its past price action. December, in particular, has seen a notable chunk of this volatility with price moving more than 30% since 2015. As 2019 nears its end, Bitcoin looks back on a standout year in terms — up over 100% from the yearly lows in February of around $3,350. By the end of June, BTC/USD found itself up near $13,800. Then after several months of consolidation and subsequent selling pressure, BTC hit 6-months lows of …

Bitcoin (BTC) could spend months trading at $5,500 before it recovers, one of the best-known analysts in the industry has warned. In a tweet on Nov. 21, Peter Brandt revealed his target for Bitcoin price was a floor of $5,500. Negative pressure had engulfed markets on the day, sending BTC/USD to lows of $6,850. Brandt: length of bear market “might be surprise” What happens next, he argued, could continue that trend — and make it last longer than the general consensus suggests. “My target of $5,500 is not far below today's low. But I think the surprise might be in …

Ethereum (ETH) co-founder turned Cardano (ADA) creator Charles Hoskinson said that he expects Bitcoin (BTC) to be back over $10,000 and reach $100,000 in the future. In a tweet published on Nov. 22, Hoskinson urged the cryptocurrency community that Bitcoin is more than speculation, putting the blame on the latest drop in price on news media “FUD” — or fear, uncertainty and doubt — and market manipulation. A global movement Because there’s more to Bitcoin than just price movements, he expects the world’s biggest cryptocurrency to see more gains in the future. He said: “Bitcoin's price is going down? Remember …

Bitcoin (BTC) proponents have ridiculed one of the cryptocurrency’s most infamous critics after he delivered a highly bearish price prediction. In a Twitter debate on Nov. 21, commentators joined forces against Peter Schiff, who claimed BTC/USD was set for a dive as low as $1,000. Schiff: $1,000 would “complete the pattern” for BTC Arguing current price action correlated to a “head and shoulders” formation, the gold bug forecast a dramatic downturn would characterize markets in the future. He summarized: “#Bitcoin is nearing the neckline of the head-and-shoulders top I pointed out before the Oct 25th 40% pump. The right shoulder …

Bitcoin (BTC) could be worth millions of dollars after 2022 as payment processors allow easier transactions, Tim Draper has forecast. Speaking during a Q&A session at the Malta AI & Blockchain Summit last week, the pro-cryptocurrency venture capitalist said innovations such as the Lightning Network would be key in propelling the Bitcoin price higher. Draper: 4 years until $250,000 BTC Doubling down on previous claims, Draper added he still believed BTC/USD would hit $250,000 by 2022 or 2023. “I think Bitcoin payment processors are really going to open the floodgates,” he summarized. On the topic of why Bitcoin would reach …

As many as 99% of all cryptocurrencies will likely go to zero, according to a new prediction by Ripple CEO Brad Garlinghouse. There are too many crypto projects, says Garlinghouse In an interview with Bloomberg released Nov. 5, Garlinghouse claimed that there are too many cryptocurrencies so far, forecasting that only 1% of all crypto is here to stay. That small number of crypto projects will be game-changing and grow significantly in the decades since they will be focused on solving real problems for real customers, Ripple CEO declared. Growth is caused by the hype around the market According to …

Changpeng Zhao, the CEO of major cryptocurrency exchange Binance, says a price of $16,000 per Bitcoin will happen “soon-ish,” in a tweet sent on Nov. 1. Zhao explains that price predictions are easy, but getting the timing right is hard. He said: “Lol, price predictions are easy. It's just hard to be right about the timing. We will see $16k soon-ish. 1.4 billion people working on it as we speak.” The message was an answer to the tweet of another user who pointed out that the prediction of an anonymous 4chan user predicting Bitcoin’s price would hit $16,000 by the …

Energy blockchain applications are expected to see a 67% compound annual growth rate (CAGR) over the next ten years, according to new research. Annual market size to reach $7.7 billion in 2028 Navigant Research, Colorado-based market research and consulting team, has released a report devoted to the development of blockchain applications in the energy industry on Oct. 22. Titled “Energy Blockchain Applications Overview,” the research provides an analysis of the blockchain market by region and segment as well as global forecasts of blockchain-driven revenue in the energy market until 2028. As such, global energy blockchain implementations are forecasted to generate …

The Sacramento Kings NBA basketball team is launching a blockchain-powered rewards program within its gaming app. Partnership with Blockparty The Sacramento Kings partnered with New Jersey-based blockchain ticketing platform Blockparty to add blockchain-based rewards to its prediction game Call the Shot, the team officially announced on Oct. 7. According to the announcement, the new program will be available in the upcoming 2019–2020 season. During the season, Blockparty will be tracking Kings fans’ activity while they are betting on Call the Shot — and players will be able to accumulate points in a virtual wallet within the Sacramento Kings + Golden …

A crypto derivatives exchange is launching physically delivered futures contracts that will be settled based on whether Facebook’s Libra launches in 2020. According to Bloomberg’s report on Oct. 7, the new offering is slated for launch by the Seychelles-registered CoinFlex exchange via an “initial futures opening” (IFO) on Oct. 24. The IFO concept: betting on tokens that don’t exist yet CoinFlex’s IFO will set the price of a futures contract at 30 cents — reflecting a roughly 30% likelihood that Libra will launch by December 2020. The exchange’s CEO Mark Lamb has told Bloomberg that the price had been set …

Major Bitcoin (BTC) bull, programmer and 2020 United States presidential campaigner John McAfee remains adamant that the world's largest cryptocurrency will hit $1 million in 2020. “I said $1 million and I’m sticking to one” McAfee, known for his brave prediction that BTC will reach $500,000 next year, defended his recently doubled down forecast of $1 million per coin in 2020 during a Forbes interview on Sept. 30. In the interview, McAfee argued that the main trigger for Bitcoin’s surging price will be its scarcity. BTC’s supply is limited to 21 million coins, and a significant proportion of that has …