Description

4Bulls is an ecosystem based on the concept of DAO (decentralized autonomous organization). The system is powered by the 4Bulls token (ticker symbol 4B). DAO participants receive distributions of all fees collected from NFT stakers, liquidity providers and referrers.

4Bulls' crypto-currency price prediction tool was designed to provide crypto-currency investors with a sort of triage system to weed out high-risk, low-return coins and tokens and steer users toward low-risk, high-reward assets.

How does the 4Bulls price prediction tool work?

Upon launch, the 4Bulls Price Prediction Tool presents a comprehensive list of major crypto-currencies. A table provides sortable columns for the asset, including current price, category, confidence, future price predictions and a risk/reward ratio.

The list is initially sorted by "confidence" rating - from highest to lowest - represented by a score (from 0 to 10). The higher the score, the lower the risk of the asset, as determined by the tool's algorithm.

By clicking on the "asset" or "confidence" column header, the list is sorted to show the assets with the lowest confidence first. By confidence, we assume that this is the confidence level of the algorithm in its own price predictions.

The list can also be sorted by current price - from low to high, or from high to low.

At the time of writing, Binance Coin and Rocket Pool are listed as having the highest confidence levels, followed by Polygon, Near Protocol, LEO Token, Loopring, Enjin and Terra. And Crypto.com rounds out the top 10. Of course, these are bound to change as the market evolves.

By selecting one of the asset classes from the top menu, users can view only coins and tokens in a particular asset class.

The categories in the price prediction tool are as follows:

  • All
  • Network
  • Play-to-Earn
  • DeFi
  • CeFi
  • Speculation
  • NFT Marketplace
  • Web3

The prediction of future prices shows a high and a low price. The risk/reward ratio is displayed as a red and green progress bar - the more red, the higher the risk.

Price prediction charts

Clicking on any of the assets in the list takes the user to a nice detail table. The table displays the ratings associated with that asset as well as an easy to interpret price prediction chart.
Also included are icons for various crypto-currency tracking sites such as CoinGecko and CoinMarketCap, where users can dive deeper into the technical aspects of an asset, such as price charts, performance and other market statistics.
The details table includes:

  • Inflation (a function of the asset's tokenomics)
  • Probability of future decline (low to high)
  • Historical performance (low to impressive)
  • Maturity (the age of the asset)
  • Usefulness (yes or no)
  • Team (anonymous or defined)
  • Brand qualification (low, acceptable, high)

Some of these details include additional information during the rollover, such as very brief explanations of symbolism, historical performance and maturity.

The all-important price prediction chart shows a red/green bar with worst and best price scenarios at each end, with the current price in between. The area above and below the current price is coded green and red respectively. If the red area is larger than the green area, it is likely that the tool is indicating that the price is more likely to fall than rise in the coming year.

Advantages and disadvantages of the 4Bulls price prediction tool

It is important to note that the tool is only as accurate as its algorithm. If the algorithm is accurate, then this tool could be very valuable for crypto traders. However, the algorithm that determines these predictions is not specified on the tool. We assume that the algorithm could be modified over time to produce increasingly accurate results. If the tool is accurate, it could be very useful.

Without commenting on the accuracy of the tool, here are some advantages and disadvantages we have noticed:

Advantages

  • This tool is very clean and pleasing to the eye. The information is easy to find.
  • The parts and tokens list is comprehensive and includes all the major assets on the market.
  • Users can choose between dark and light display modes. Thank you for this.
  • A search bar allows users to quickly search for a particular asset.
  • The riskiest and least risky assets can be quickly identified at a glance.

Disadvantages

  • There is no indication of the algorithms used to determine price forecasts, risks and confidence levels.
  • The columns are not sortable by risk/reward ratio, a note of great importance in the usefulness of the tool.
  • Daily, weekly, monthly and yearly price predictions are given in percentage change only and not in actual price prediction. It would be nice to see both at a glance.

Overall impression

Overall, this is a very promising app and another useful device in the toolkit of crypto-currency investors. The clean and easy-to-use interface will appeal to users of all levels.

The usefulness of the tool comes down to the accuracy of the underlying algorithms. If the tool can help crypto-currency investors weed out high-risk, low-reward coins and tokens, and highlight lower-risk, higher-reward assets, then it could save investors a lot of time while maximizing profits and minimizing losses.