Successful trading requires constant monitoring of the market and some sense of the future direction. It’s true that nobody can reliably predict how a crypto token’s value will change. But you can still let the predictions of some trusted experts and analysts inform your trading strategy. That’s where crypto price prediction sites step in to help investors.
An overview of crypto price prediction sites
The growing crypto asset market has managed to attract the interest of investors globally. Still, it does involve significant market volatility and financial risk. Many investors rely on crypto price prediction sites while building an investment strategy. But there are close to 7 million results when you do a Google search for the best cryptocurrency prediction site.
Along with live crypto prices, several of these sites offer predictions for some of the more prominent cryptos based on charts and other technical tools. However, there is extreme market volatility and a paucity of public research tools to develop these projections. So it is important to exercise caution and monitor the channels you choose closely.
How does crypto price prediction work?
The popularity of crypto in recent years has led to the emergence of a thriving crypto price prediction industry. As with many financial products, crypto price forecasts follow three major methods.
Technical analysis
Technical analysis relies on statistical trends formed on the basis of historical price activity. As history tends to repeat itself, experts study price movement and trading volumes to predict how crypto prices are headed.
Fundamental analysis
Stock analysts use fundamental analysis to understand if a company or business is overvalued or undervalued by the market. Some of the parameters used are financial statements, industry trends, and macroeconomic factors. Likewise, crypto analysts try to understand what are the factors that contribute to changes in prices.
Sentimental analysis
Market movements are often unpredictable, leaving even experienced investors clueless as a complex interplay of factors often leads to price changes. In sentimental analysis, analysts try to forecast crypto trends by focusing on investor sentiment rather than market data. Viewed from this standpoint, this type of analysis study investor behavior, such as buying sprees.
Top 5 crypto price prediction sites
There are so many options out there, but the question is, how can you determine whether or not the free coin price prediction information you see online is accurate? Well, truth be told, you can’t. Not fully, at least. Still, to help get you started, here’s a list of some of the most trustworthy crypto price prediction sites.
1. Crypto Predictions
Key Features:
This is one of the most well-known sites in the business of predicting the price of cryptos. CryptoPrediction analyzes historic market data from crypto exchanges using artificial intelligence, machine learning, and complicated algorithms. The primary goal is to help traders find promising new projects.
Given the effort required to produce somewhat accurate projections, the fact that Crypto Predictions’ has continued to maintain its reputation as the go-to website for short-term and long-term price prediction is remarkable. It offers free coin price prediction for over 19,000 different crypto assets. The site claims data about cryptos with market cap is updated every 5 minutes.
In addition, CryptoPredictions.com provides users with crypto filters, an automatic currency converter, and a prediction chart developed in-house.
2. Finder
Key Features:
Finder is a crypto resource containing information on hundreds of coins. It also offers purchasing, trading, and storage recommendations. In addition, the website presents its evaluation and how-to guide for many crypto exchanges and wallets.
There’s a section on the site that makes year price projections for a wide range of cryptos. It does this by taking on board various variables that might influence the market.
3. TradingBeasts
Key Features:
TradingBeasts is one of the most popular and well-known services for predicting the price of cryptos. It stands out because it provides monthly crypto price predictions—covering minimum, maximum, and average expected prices—free of charge. The website shows the monthly high, low, average, and closing prices and respective percentage changes for each crypto.
With its real-time data on crypto values, TradingBeasts is considered one of the best crypto prediction sites of the near and far future. TradingBeasts’ predictions are grounded on real-world market data from various exchanges. It relies on algorithmic procedures and linear and polynomial regressions to make them.
4. Fxstreet
Key Features:
Fxstreet is an online resource that helps users assess the value of foreign exchange and cryptos. Every day the website provides a report on the state of the crypto market, with analysis that relies on charts and trading signals. It is, therefore, best used for day trading.
In addition, the website offers information on acquiring cryptos and trading on regulated markets like crypto futures and guides on using technical tools, different trading methods, and more.
5. WalletInvestor
Key Features:
WalletInvestor is another one of the best crypto prediction sites dedicated to finance. It covers everything from forex to crypto. Compared to forex assets, the number of projections and studies for crypto assets is staggering. The company aims to predict prices precisely and provide applicable exchange rates.
All you need to do is choose the asset/category you are interested in. For example, once you click on crypto, you’ll be taken to a page with clear charts, projections, and price comparisons.
There are many time horizons to evaluate projections for a single asset—3 minutes, 6 minutes, two weeks, one year, and five years, respectively. This setup is ideal for both day traders and long-term investors.
The site offers predictions of daily low, high, and mean prices for cryptos on a monthly basis. Predictions for cryptos with a moderate or low trading volume are often only available for the next few months.
The website also hosts a blog called the Wallet Investor Magazin. Numerous articles in it cover blockchain technology and crypto industry news.
Conclusion
Recently, there has been an uptick in investors looking to find the best cryptocurrency prediction site. This is not unexpected, given the extreme volatility of the crypto market and the universal quest for material gain.
However, it’s important to remember that projecting the future of cryptos is complex. Even those with significant expertise and knowledge in the financial industry can make mistakes in their market evaluations.
Since the crypto market is still in its infancy, more historical data must be used to make reliable predictions. However, some of the websites discussed above attempt to try their hand at them. They can be an invaluable, if not infallible, resource in all your trading endeavors. We hope you use them well.
FAQs
Can crypto prices be predicted?
Crypto prices cannot be accurately predicted due to their high volatility and numerous factors influencing their value, such as market conditions and investor sentiment.
Which is the most accurate crypto prediction site?
While numerous websites claim to be able to anticipate the future value of cryptos, not all can or are accurate. CryptoPredictions website is widely believed to be one of the better and more accurate sites. But DYOR, and make sure you pick the one right for you.
What is the best site to read about crypto?
To learn more about cryptos, some good websites to look up are Decrypt, The Block, CoinDesk, and CryptoSlate. However, the news industry around crypto is still growing, and one must carefully make choices.
What is the best crypto price tracker?
There are several trackers that you could use to track the crypto market. The most well-known of them is CoinMarketCap. Your very own CoinSwitch too helps you track the prices of various cryptos.
Which crypto shows the most potential?
There is no easy answer to this question, as things change quickly in the crypto world. Some believe that Ethereum will overtake Bitcoin as the market leader because it runs multiple decentralized apps and hosts smart contracts. However, don’t just trust what people say. Keep that research going, and you’ll find the answers to all your questions soon enough.
