Nomics Machine-Learning Tool Offers 7-Day Price Forecast on Top 100 Cryptos

Data provider Nomics is using machine learning to predict the future prices of cryptocurrencies like bitcoin. Launched Thursday, the 7-Day Asset Price Prediction feed will give an outlook on future crypto prices based on purpose-built algorithms and the firm's API, Nomics CEO Clay Collins told CoinDesk in an interview. "There are a lot of poor signals out there that are getting a lot of clicks and we thought we could do a net positive for the space by just leveling up the quality of predictions," Collins said. The Nomics forecaster isn't a standalone, investment-grade product, Collins added, but can help inform crypto investors based on curated exchange data. The free tool currently lists 100 of the top cryptocurrencies by market cap.