Best Cryptocurrencies Based on Algo Trading: Returns up to 30.14% in 7 Days

Best Cryptocurrencies

The Cryptocurrency Package is designed for investors and analysts who need predictions for cryptocurrency assets. It includes 10 predictions with bullish and bearish signals and indicates the predicted direction in the given time horizon for the cryptocurrencies:

    Package Name: cryptocurrency
    Recommended Positions: Long
    Forecast Length: 7 Days (3/28/23 – 4/4/23)
    I Know First Average: 9.38%
    Best Cryptocurrencies
    Best Cryptocurrencies chart

    For this 7 Days forecast the algorithm has successfully predicted 10 out of 10 movements. The prediction with the highest return was DOGE/USD, at 30.14%. Further notable returns came from XLM/USD and ADA/USD at 14.5% and 13.49%, respectively. The cryptocurrency package had an overall average return of 9.38%, providing investors with a premium of 6.29% over the S&P 500’s return of 3.09%.

    Dogecoin is a parody cryptocurrency created by Australian entrepreneur Jackson Palmer and software engineer Billy Markus in 2013. In an interview, Palmer said the idea for the project came from two internet tabs he had open on his computer at the time: one with a viral internet meme of a Japanese Shiba Inu “doge,” and the other with a list of the recently added cryptocurrency projects to the market.

    Algorithmic traders utilize these daily forecasts by the I Know First market prediction system as a tool to enhance portfolio performance, verify their own analysis and act on market opportunities faster. This forecast was sent to current I Know First subscribers.

    How to interpret this diagram

    Algorithmic Stock Forecast: The table on the left is a stock forecast produced by I Know First’s algorithm. Each day, subscribers receive forecasts for six different time horizons. Note that the top 10 stocks in the 1-month forecast may be different than those in the 1-year forecast. In the included table, only the relevant stocks have been included. The boxes are arranged according to their respective signal and predictability values (see below for detailed definitions). A green box represents a positive forecast, suggesting a long position, while a red represents a negative forecast, suggesting a short position.

    Please note-for trading decisions use the most recent forecast. Get today’s forecast and Top stock picks.

    Comments are closed.