By assessing the intrinsic value of a cryptocurrency, you can determine whether the price is overvalued or undervalued . This can be done by analysing qualitative factors such as the state of the economy, cryptocurrency market conditions, the crypto company’s management or market capitalisation.
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How to easily get Bitcoin price quotes in Python
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Robert Breedlove, Founder and CEO of the digital assets marketing and consulting firm Parallax Digital, has predicted Bitcoin will pass 300,000 dollars by the October of 2021 , which it didn’t, and he expects a worth of over 12 million dollars by 2031.
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The bi-LSTM algorithm presents the lowest prediction result compared with the other two algorithms as the MAPE percentages are: 5.990%, 6.85%, and 2.332% for BTC, ETH, and LTC, respectively. Overall, the prediction models in this paper represent accurate results close to the actual prices of cryptocurrencies.
Read moreHow does Python predict crypto prices?
Crypto Price Prediction with Python
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