How much accurate are the predictions of CoinCodex?
CoinCodex utilizes technical indicators such as moving averages, RSI, and MACD to generate cryptocurrency price predictions. The accuracy of these predictions varies, being more reliable for assets with extensive historical data. For instance, CoinCodex expresses higher confidence in projections for long-standing cryptocurrencies like Bitcoin. However, it's important to note that no prediction tool can guarantee complete accuracy, especially in the highly volatile cryptocurrency market. Therefore, while CoinCodex's predictions can provide valuable insights, they should be used in conjunction with other research and analysis methods when making investment decisions.
