Machine learning algorithm sets Ethereum price for end of August 2023 – Finbold
BIZ NEWS, July 31 – After a remarkable journey of eight years since its inception, Ethereum (ETH) stands steadfast as the second-largest cryptocurrency in terms of market capitalization.
Its flexible blockchain infrastructure continues to underpin a myriad of applications, ranging from DeFi platforms to robust supply chain systems. Moreover, the transition to a Proof-of-Stake (PoS) consensus model holds promise in addressing scalability concerns and environmental impact.
Currently, Ethereum is eyeing a crucial milestone at the $1,900 level, considering its recent trading activity characterized by a tight consolidation over the past week. In light of this, Finbold has sought insights from the widely-used price prediction tool on PricePredictions.com, which harnesses the power of cutting-edge machine learning algorithms to assess the digital asset’s potential value by the end of August.
Noteworthy findings from the tool indicate a projected trading price of $1,785 for ETH on August 31, 2023, based on the data retrieved by Finbold on July 31. Continue Reading…
