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RE: Steemit Crypto Academy Contest / S14W6 - Future Of Cryptocurrencies
You are right... Predicting the future of cryptocurrency is quite tricky and uncertain. However, there are some methods you can use to analyze and make predictions about the price of tokens or coins, like STEEM.
One popular method like you have shared is using the Simple Moving Average (SMA) indicator. It helps you analyze the historical price data to identify trends and make predictions about future price movements. By looking at the average price over a specific period of time, you can get a sense of whether the price might go up or down.
But remember, even with analysis, there are no guarantees in the cryptocurrency market. It's always important to approach it with caution and do thorough research before making any investment decisions.
Thank you very much sir for your time and feedback about my post. I appreciate that .. predicting the price of any crypto currency just like Steem isn't easy as Said, but with the use of basic analytical tools there can be forecast... And we should remember that even with analysis we can't get accurate future prediction