Bitcoin and Altcoins: Why Are They Falling? Losses in the Cryptocurrency Market Reach Double Digits

Investing in cryptocurrencies in a sector filled with Bitcoin and altcoins can be challenging. However, with the introduction of artificial intelligence, price predictions occasionally emerge. The latest predictions come from the AI algorithms used by CoinCodex, a cryptocurrency analysis website. Let’s take a look at the relevant cryptocurrencies and their forecasts.

Emphasis on KuCoin (KCS) from Artificial Intelligence

KCS is the native cryptocurrency of the KuCoin cryptocurrency exchange, which has recently been in the spotlight due to its surge. On the other hand, the driving factor behind this surge may be the listing of the exchange’s auxiliary token, KlubCoin (KLUB). The token allows users to make payments, receive rewards, make table reservations, and give tips in important locations around the world.

The AI algorithms used by CoinCodex have determined a price tag of $11.38 for the KCS token within the past six months. Considering that KCS has been trading at $6.24 in the last 24 hours, the potential for a 90% increase in the next six months is quite appealing.

Rise Focus on Dogecoin (DOGE)

An important development regarding the price of Dogecoin was related to an announcement made by the team. According to the announcement, the team plans to take a significant step in a mission in December. It was emphasized that they plan to send a physical token to the moon, carried by the lunar payload transporter, Astrobotic. Following this development, there was an increase in the token’s price.

The AI-determined figure for the token is $0.18, indicating a potential increase of approximately 2.5 times. DOGE is currently trading at $0.08. The price has increased by about 42% compared to the previous month.

Meme Coin Shiba Inu (SHIB)

The latest cryptocurrency given by artificial intelligence is the meme coin SHIB. The critical development for Shiba Inu was related to token burning. As a result, a 1,300% increase in the last 24 hours made waves in the cryptocurrency world. This indicates a future scarcity of the token.

Artificial intelligence predicts a 60% increase in SHIB over the next six months. SHIB is currently trading at $0.000008856. A 60% increase will bring the price to $0.00001425.