Dragon Ball FighterZ is the most successful fighting game ever!
Read why Dragon Ball FighterZ is the biggest fighting game ever to be made. These stats are amazing! And yes, Vegeta, Piccolo, and Goku are playable!
Like what you see?
Make sure to click “join” and we’ll keep you updated with any new content
Bear in mind that when we talk about predicting the prices of cryptocurrency, we are talking about predicting a price range.
It is a proven fact that no one can predict the specific price of crypto
Having said that, let's discuss in details 3 proven methods you can use to predict the price of any cryptocurrency.
Method #1: The News
Listening news about cryptocurrency is one proven method you can use to predict the price of cryptocurrency.
Bitcoin forum, bitcoin magazine and even Reddit are 3 useful sites where you can always visit for news related to any cryptocurrency.
Even if you don't know the Reddit link for a particular crypto, you can use google to search it.
Assuming you want to search for the Reddit link for Ethereum, just open google and type in “Ethereum Reddit” (without the quotes of course).
Then, open the first link from the search results.
You can repeat this process for any other cryptocurrency.
Here are 3 examples of such news;
Generally speaking, prices of cryptocurrency react to demand and supply; when there are higher demand and less supply, prices will rise. The reverse is also true, when there is a decrease in supply and there is a high demand, prices will drop.
Method #2: Ask These 3 Vital Questions
Also, when you want to predict the price of any cryptocurrency, search for the answers to these three important questions:
Method #3: Use Node Count Number
Bear in mind that this method will help you to predict future price movements of any cryptocurrency.
It is not capable of making any short-term predictions.
The reason is that cryptocurrency is highly volatile.
In contrast to other speculative instruments such as stocks, mutual funds, and commodities, cryptocurrencies can be predictably analyzed since it has a highly reliable built-in indicator and the network effect determines its overall values.
You can use a currency's block explorer data to find its node count number.
For example, when you select a currency on Cryptoid and navigate to its network tab, you will find its node count number.
This number determines the number of people using that specific currency you have chosen.
Thus, you can predictably assume that the higher the node count number, the more the number of people using that cryptocurrency and thus, the more valuable the cryptocurrency.
Method #4: Technical Analysis
Technical analysis is another major tool you can use to analyze the cryptocurrency market.
You can use the data from this type of analysis to have a better understanding of the market bias and identify major trends in the market.
Price trend is one major assumption made in the technical analysis.
Also, if you want to identify and confirm trends in technical analysis, you would need to use trend lines.
A trend line is a straight line.
It can be used to connect at least two price points and also be extended to the future to determine lines of support or resistance.
However, I strongly suggest that you combine fundamental factors and technical analysis to give you a near-perfect prediction and consequently, a wise investment decision.
You just learned how to Predict Cryptocurrency Prices by using the news, asking the 3 vital questions, using the node count method and using technical analysis.
And now there’s just one thing left for you to do: take action.
However, before I leave, let me share with you one more important tip:
Always combine all the methods before you make your investment decision.
If anything feels “off”, don't invest at that time - I assure you that there will always be another one.