SAND is one of the most popular cryptocurrency prediction and analysis tools. However, SAND has been most notably weak regarding its prediction for many coins in recent weeks. This article explains why and what you might expect in the future. It is a known fact that SAND’s predictions have been increasingly inaccurate in recent weeks. It is difficult to give a clear explanation.
However, it can be said with certainty that the main reason for this phenomenon is that SAND has recently implement a new pricing analysis model based on Neural Networks (NN). The NN model has been in development for quite some time and will replace the old “Linear Regression” model. The problem with the current algorithm was that its R² value was way too low for a good statistical interpretation of the data. Although there were many coins where the results from these two models were comparable, there were also many coins where they totally disagreed with one another.
Moreover, the new model negatively impacts the ability of the system to predict other important aspects of a coin such as maximum, minimum and median price. The NN-based model is still under development and therefore does not yet have stable enough parameters for practical forecasting.
The road ahead for SAND
The future of SAND is quite bright. The NN model eventually will be implemented in order to improve the current predictions. We want to stress that this is an ongoing development that may take several weeks, if not months, before final parameters are available for stable and reliable predictions (predicting the future is a very difficult and tricky business after all). In the meantime, the Linear Regression model will remain the main forecasting algorithm of SAND and therefore should be used as a standard tool in your investment strategy. In addition, we have improved our EMA accuracy which has been reduced to 26% on average (from previous 46%).
This means that if you were predicting SAND on the EMA of other coins, you could now potentially increase this accuracy to 50% or even higher. This concludes all of our analysis for today. Of course, it would be great to see you using our service! We are also always happy to hear about any suggestions and comments you might have for us. If you have any questions, or want to share your thoughts about what we do, please contact us via Twitter or Facebook. You can find our social media links at the end of this article.
Here are the next steps for SAND’s price prediction
We will continue to develop the Neural Network model and increase the EMA accuracy to 60%. In addition, we are planning to add a new feature which will provide you with a more detailed chart overview. This can be very helpful in the decision-making process and therefore we will try our best to implement it as soon as possible. Lastly, keep in mind that SAND is a free tool for your daily coin analysis and that we do not make money out of it in any way (except for ads). Therefore, if you want us to continue developing this system, please leave us a nice comment or send us an email. We are also open for any suggestions or feedback regarding new features.
Sandbox Price Prediction: Is This the Right Time to Buy SAND?
SAND is one of the most popular cryptocurrency prediction and analysis tools. However, SAND has been most notably weak regarding its prediction for many coins in recent weeks. This article explains why and what you might expect in the future. It is a known fact that SAND’s predictions have been increasingly inaccurate in recent weeks. It is difficult to give a clear explanation. However, it can be said with certainty that the main reason for this phenomenon is that SAND has recently implemented a new pricing analysis model based on Neural Networks (NN). The NN model has been in development for quite some time and will replace the old “Linear Regression” model.
