Top 1000 Cryptocurrencies Daily Predictions 8/4/18

in #cryptocurrency6 years ago (edited)

Hello Steemians!

We make daily predictions for cryptocurrencies three times a day (5h, 12h and 24h from start 11:00AM EST) for the top 1,000 cryptocurrencies by USD total Market Cap Ranking (according to www.CoinMarketCap.com, referred to as "CMC"). We also post these same predictions but using an AI predictive model. Be sure to use the charts on the website to be able to view the complete predictions.

CLICK HERE TO USE THE FREE INTERACTIVE PREDICTION CHARTS

PREDICTION SCHEDULE (EASTERN TIME)

11:00AM ---> Predictions for a period ending at 4:00PM are made* (5h time frame from start)
4:00PM ---> Predictions for a period ending at 11:00PM are made* (12h time frame from start)
11:00PM ---> Predictions for a period ending at 11:00AM are made* (24h time frame from start)
*please allow for up to 2 hours for the predictions to be posted

PREDICTIONS FOR 8/4/18 FROM 11:00AM-4:00PM (CMC Rank 11-25): (click here for full predictions)
8.4.18_9am.PNG

By interacting with the charts and hovering over a specific coin, you can also view the % predicted chance of a positive increase in relative USD price during the time period. This is calculated independently by a different model than the % USD change predictions.

PREDICTIONS FOR 8/4/18 FROM 4:00PM-11:00PM (CMC Rank 26-50):
8.4.18_2pm.PNG

PREDICTIONS FOR 8/4/18 FROM 11:00PM-11:00AM (CMC Rank 51-100):
8.4.18_9pm.PNG

Find out more about the dataset

Look at historical accuracy (updated up to 8/3/18)

This initiative is not intended as investment advice, this is for research and educational purposes only. PredictCrypto is not responsible for any losses from trades using this information, read our disclaimer here.

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You are excilent authority . I am impress for your work my friend . Thanks for sharing @predict-crypto

once again, you are rocking.

What about ETC? very low.

That probably has to do with the fact that ETC had a big pump recently (see screenshot), but it is still a positive prediction for ETC, and not the lowest if you look at the complete chart here
Capture.PNG

It is very interesting.You have provided good information.I will try it, I hope it will be profitable.Thank you for sharing

I really like to read your info post. Your post never waste my time i like it this is amazing.

Thank you for your support and such a nice comment!

Thanks for help me to upvote my comment.

You're an excellent author!

Thank you!

I just wanted to say that I love the formatting, it looks beautiful. I'm curious about the AI you use to predict this though. Can you tell us a bit about it without spilling too many secrets?

We use a Recurrent Neural Network (RNN) using Google's Tensorflow tool to make our AI predictions, while these are made by blending the best performing more traditional predictive models. Is there anything in particular you were curious in hearing more about?

AI is a hobby of mine, I love it! I also hate it! The secret to any predictive model is dealing with random walk. Filter out the random events to uncover the patterns in the data. It's been statistically proven that free and open markets are random, not just exhibiting randomness, but really random. An RNN or any other kind of Neural Network shouldn't be able to predict it because what they do is predict the future based on patterns from the past and a random system doesn't have a pattern. Once you filter out the randomness there isn't anything left to latch onto.

Anyone that cracks that particular nut has a Nobel prize waiting for them and probably a few billion dollars in licensing agreements coming.

Obviously you can. This means that the crypto markets are not free and open, but have a driver of some kind. I'd be interested in learning what the driver is or if you uncovered several drivers, or is it some pile on effect from algorithmic traders that might be negated if better tools come to the fore.

For the record, I really hate dealing with TensorFlow, I'm impressed you could wrangle it. You're getting an upvote from me just for that!

Thank you for the reply! We do not believe these markets can be predicted, but we also think that there are ways to use predictions on days with very high confidence to produce some positive long-term results. We have a very heavy focus on our data collection, you can view an example of the data that we collect daily here. We also believe that it is theoretically possible to use statistics to have a very good chance of winning even with super simple strategies, but in practical terms that is much much more difficult if not impossible. The reason we show both more traditional predictions as well as AI predictions, is that the ones using the RNN have more bias to them and make decisions that are more differentiated between each other. We believe that the way a neural network learns will work very well (assigning decision weight to individual neurons and learning which ones to listen to) in the long-term because of that bias assuming the dataset was made very well.
Another thing you mentioned is the fact that crypto is a random system and having data that is backward-looking cannot predict the future, and we agree with you so we actually try to track other things that are forward looking as well (like Technical Analysis recommended actions).

Excellent answer. I was expecting a handwavy answer but you got to the meat of it without buzzword soup. That tells me you know what you're talking about, which surprisingly few people actually do. Many people wave AI around like a magic wand, but in many cases it can create more problems than it solves. You seem extremely knowledgeable, I'm glad to know about this project.

You got a 6.45% upvote from @postpromoter courtesy of @dether!

Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support the development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!

Thanks @dether! So nice of you to do