4Bulls is an ecosystem based on the DAO concept (decentralized autonomous organization). The system is powered by the 4Bulls token (stock symbol 4B). DAO participants receive distributions on all fees collected from NFT participants, liquidity providers and referrers.
The 4Bulls Crypto Price Prediction tool was developed to provide crypto investors with a type of triage system to weed out high risk/low reward coins and tokens and direct users to lower risk assets / more remunerative.
How the 4Bulls Price Prediction Tool Works
Upon launch, the 4Bulls price prediction tool features a comprehensive list of top cryptocurrencies. A table provides sortable columns for the asset, including current price, category, confidence, future price expectations, and a risk/reward ratio.
The list is initially sorted by “trust” rating – 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.
Clicking on the ‘asset’ or ‘confidence’ column header will re-sort the list to show the assets with the lowest confidence first. By confidence, we assume they mean the algorithm’s level of confidence in its own price predictions.
The list can also be sorted by current price – low to high or high to low.
At the time of writing, Binance Coin and Rocket Pool are listed as having the highest trust ratings, followed by Polygon, Near Protocol, LEO Token, Loopring, Enjin, and Terra. And Crypto.com completes the top 10. Of course, these should change as the market evolves.
By selecting one of the asset classes from the top menu, the user can only view coins and tokens of a particular asset class.
Price Prediction Tool categories include:
- Play to win
- NFT Market
The future price prediction shows a high price and a far-reaching low price. And the risk-reward ratio is displayed as a red and green progress bar style icon – more red equals higher risk.
Price prediction charts
Clicking on any of the listed assets takes the user to a nice clean details table. The chart displays the ratings related to that asset along with an easy-to-interpret price prediction chart.
Also included are icons for various crypto tracking websites such as CoinGecko and CoinMarketCap, where users can dig 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 asset tokenomics)
- Probability of future flush (low to high)
- Historical performance (weak 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 rollover, such as very brief explanations of tokenomics, historical performance, and maturity.
The all-important price prediction chart shows a red/green bar with the worst and most favorable price scenarios at either end with the current price somewhere in between. The area above and below the current price is coded green and red respectively. If the red zone is larger than the green zone, the tool is likely implying that the price is more likely to fall than rise in the coming year.
PPros and Cons of 4Bulls Price Prediction Tool
It is important to emphasize that the tool is only as accurate as its algorithm. If the algorithm is accurate, this tool could be very valuable for crypto traders. However, the algorithm that determines these predictions is not specified on the tool. Our hypothesis is that the algorithm could be modified over time to produce better and better results. If the tool is accurate, it could be very useful.
Without commenting on the accuracy of the tool, here are some pros and cons we noticed:
- This tool is very clean and easy on the eyes. Information is easy to find.
- The list of coins and tokens is comprehensive and includes all major market assets.
- Users can choose between dark and light display modes. Thanks for that.
- 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.
- There is no indication of the algorithms used to determine price predictions, risks and confidence levels.
- The columns cannot be sorted by risk/reward ratio, a note of great importance in the usefulness of the tool.
- Daily, weekly, monthly and yearly price predictions are given as a percentage change only and not an actual price prediction. It would be nice to see both at a glance.
All in all, this looks like a very promising app and another useful device in a crypto investor’s toolkit. The clean and easy-to-use interface will appeal to users of all skill levels.
The usefulness of the tool comes down to the accuracy of the underlying algorithms. If the tool can help crypto investors weed out high risk/low reward coins and tokens, and highlight low risk/higher reward assets, it could save investors a lot of time while maximizing profits and minimizing losses.