Nomics.com becomes the first crypto data aggregator to share ML-generated cryptoasset price predictions.
We are pleased to announce the beta release of 7-day cryptoasset price predictions. To our knowledge, we’re the first aggregator to offer crypto price predictions generated by machine learning.
Price Predictions & Machine Learning
To predict prices, we’re using a machine learning model known as long short-term memory (LSTM). We’ve trained the model with information from our API’s Aggregated OHLCV Candles endpoints, which provides daily prices for thousands of cryptocurrencies. Once the model returns predictions, they are fed to Nomics.com – complete with historical error data.
According to Nomics CTO Nick Gauthier, “LSTMs are relatively new in the machine learning space, and financial data is notoriously difficult to predict, but we were able to get fairly reasonable predictions, and we are fully transparent about their historical accuracy.”
Indeed, we wouldn’t be publishing predictions without error data. “We know that predictions can be wrong,” said CEO Clay Collins. “But we felt that if we could find a transparent way to do this, then it could be a beneficial signal – along with your own research – for making sense of the Cryptoverse and related price movements.”
How to Get Crypto Price Predictions
Our price predictions are 100% free, and there’s no signup required. Simply visit Nomics.com and follow these steps:
- Click the
Unlockbutton in the “7D Prediction” column - Acknowledge that our predictions are not investment advice
- For historical error data, use the infoboxes
- Enjoy
Let’s zoom in on Litecoin (LTC) for a closer look.
For each cryptoasset on Nomics, the model returns a predicted 7-day percentage change from the current price, a predicted 7-day price, and the mean 30-day error expressed as a percentage.
Predictions are also available on individual cryptoasset pages, where historical accuracy can be tracked by mousing along the charts. Here’s are Ethereum price prediction and Bitcoin price prediction examples:
If you’d like cryptoasset price predictions straight from our API, contact us.
We Want Your Feedback
Take our price predictions for a spin and give us your feedback. ML-generated cryptoasset price predictions are uncharted territory, and we’re relying on you, our community, to help us fine-tune the experience.
Just remember that these predictions are not investment advice:
These price predictions should not be taken as trading or investment advice. Investments and trading in cryptoassets involve substantial risk of loss and is not suitable for every investor. Valuation of cryptoassets, futures, and options contracts may fluctuate, and, as a result, investors may lose more than their original investment. If you do not fully understand these risks you must seek independent advice from your financial advisor. All price prediction data is provided for entertainment purposes only and should be taken at your own risk.
