With the rapid growth of cryptocurrencies and other digital asset technologies, there has been a demand for accurate forecasting of the crypto market for some time now. This demand is being met by a website called Bitcoin forest.
This website analyzes the available data on the cryptocurrencies and uses Artificial intelligence to provide important forecasts for secure and less risky investments. It enables the users with information that was not available to investors so far and helps them in making the right investment decisions as far as cryptocurrencies go.
The website is a simple-to-use tool and shows data for daily and yearly fluctuations of the prices in two different charts. These charts show you the prices for a currency of your choice and your preferred exchange as well.
On the homepage, the website provides you with the current data on the price of Bitcoin against the US dollar. Alongside, you could navigate to different marketplaces. The platforms that are available are Kraken, Gdax, Bithumb, and Bitstamp.
The website also provides you with real-time information on the top left with links to major publications with cryptocurrency news and other related developments.
Scope of the website
In the coming months, if the predictions made by this website come true, there would see a surge of traffic on their website with a growing number of people with a newfound interest in the crypto industry.
As new technologies are developed to protect the digital asset industry, more people prefer to use them these days without any fear. Cryptocurrencies like Bitcoin were dubbed as bubbles but their growing values in the past few weeks have proved the idea wrong.
It’s important that the risk of Bitcoin hitting another low should not be ignored and decisions are made on proper analysis.
If the risks are indeed lowered by the forecasts then there’s a possibility that we could see more of these AI-powered websites that predict the market and they would be competing with each other to provide the most accurate predictions.
This competence would provide healthy insights to investors and give them options on what currencies they would most likely be benefitting from. Even the Bitcoin Forest has a sister website called Altcoin Forest.
Alcoin forest provides predictions on the Altcoin, similar to the Bitcoin forest, and provides a host of other information about other cryptocurrencies as well. You could find the price comparison of Bitcoin core and Bitcoin cash or compare it against fiat currencies.