This year brought a breath of fresh air to the crypto market. Also, many major cryptocurrencies and altcoins have witnessed a stunning recovery after an extremely harsh 2022. However, the market has been struggling under regulatory pressure in recent days. In this environment, the crypto community and artificial intelligence MATIC are predicting end-June prices for BTC and ETH.
Crypto community sets ETH price for June 30
Among the digital assets that have seen a significant recovery in price this year is Ethereum (ETH), the world’s second largest cryptocurrency by market capitalization. Alongside the wider market rally, the ETH price received an additional boost following the long-awaited Shapella upgrade aimed at facilitating the blockchain’s path to achieve higher security, decentralization and scalability.
However, the market is currently facing new uncertainty stemming from intensifying regulatory pressures on the industry. This is led by the SEC. It is still unclear how this will affect the price of ETH. However, the CoinMarketCap crypto community is making a prediction for the end of this month. Community members predict the average ETH price for June 30 at $1,809. This represents a potential price increase of 10.31% from the current price.
Price prediction from the CoinMarketCap community for the end of June. Source CoinMarketCapWhen it comes to ETH, this community has a high historical accuracy of 92.25%. Meanwhile, it is worth noting that the accuracy rate for Ethereum’s end-May price is over 98%.
CoinMarketCap community forecast accuracy rate over last 6 months / Source: CoinMarketCapArtificial intelligence sets MATIC price for June 30
The majority of the cryptocurrency market is struggling during the bearish season. Polygon (MATIC) is no exception. Machine learning algorithms also don’t see any bullish signs in MATIC’s future until the end of the month. Indeed, analysis from cryptocurrency tracking and forecasting platform PricePredictions shows that Polygon’s price will drop to $0.567125 by June 30.
MATIC 30-day forecast / Source: PricePredictionsSpecifically, the machine algorithm’s collective analysis of technical analysis (TA) indicators such as moving average convergence divergence (MACD), Bollinger Bands (BB), average true range (ATR), and others shows that the price of MATIC will drop by about 5% compared to its current price. .
According to press time, the MATIC is changing hands at $0.5966. This represents a 30.07% decrease compared to the previous month. In addition, the MATIC price has also dropped 19.81% since the beginning of the year. The 1-day indicators on financial and crypto analysis platform TradingView are also largely pessimistic in terms of technical analysis sentiment for MATIC. Summary suggests a ‘sale’ at 15. The oscillators are ‘neutral’ at 8 and the moving averages (MA) are showing a ‘strong sell’ at 14.
MATIC 1-day price indicators / Source: TradingViewCrypto community sets BTC price for June 30
cryptocoin.com As you follow, with the exciting development of events, Bitcoin managed to show a remarkable recovery in 2023 after the turbulent journey it experienced the previous year. Despite the fluctuations and regulations, Bitcoin has shown tremendous resilience. It also regained the interest of investors. However, recently, the leading crypto has once again witnessed significant selling pressure. The intensification of legal transactions by the SEC against major exchanges such as Binance and Coinbase was especially effective in this. Because this move of the SEC cast a shadow of uncertainty on the future of cryptocurrencies.
The CoinMarketCap crypto community predicts an average Bitcoin price of $25,087 for June 30. This marks a 3.45% drop from the current price of the cryptocurrency.
Bitcoin price prediction June 30 / Source: CoinMarketCapMeanwhile, it is worth noting that the BTC community has an impressive 84.55% accuracy in predicting digital asset performance over the past six months. Also, the accuracy rate of the latest estimate for the end of May 2023 is 91.14%.
Price prediction accuracy of the CoinMarketCap community over the last 6 months / Source: CoinMarketCap
