Token

Cryptocurrency

Islamic Coin

Coin

<div class="finbold">
 <p class="paragraph">Following its launch on the cryptocurrency trading platform KuCoin, Islamic Coin (ISML) has attracted the world’s attention as a cryptocurrency that aims at onboarding over 1.8 billion Muslims worldwide into digital finance, but artificial intelligence (AI) algorithms remain uncertain regarding its <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> by the end of the year.</p>
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 <p class="paragraph">Indeed, the AI-driven <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> <a rel="noopener noreferrer nofollow" title="predict" href="https://thebittimes.com/tag/predict.html">predict</a>ion algorithms deployed by the crypto analytics platform <em>CoinCodex</em><em> </em>have set the <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of ISML at $0.29518 by December 31, 2023, which would suggest a decrease of 0.412% to its current <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a>, according to the latest information retrieved on October 16.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh5.googleusercontent.com/2heU6Gq46yANKkiY3-4iayqnpK769gQ1PLkakMjh9BtG7Lr5X71KcfK66M3rkZnBR4OtFA9INUUW-lpYP7Zgni5q9POkFvpcgrB-Q5PZ_fjHEidTdb_t5s82P6faol5NgimGot2LP1ut5kuiUvVUnBI" alt>
  <figcaption class="wp-element-caption"><em>Islamic Coin 3-month price prediction. Source: </em><em>CoinCodex</em>
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 <h2 class="wp-block-heading" id="h-islamic-coin-price-analysis">Islamic Coin price analysis</h2>
 <p class="paragraph">At press time, Islamic Coin was changing hands at the <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of $0.2964, which indicates a decline of 0.98% in the last 24 hours but a 60.27% increase on its weekly chart since its launch, as per the most recent data obtained by Finbold from crypto tracking website <em>CoinMarketCap</em> on October 16.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh5.googleusercontent.com/f1ywAPKSX-aV-UHxVom_vbxRJJG-giGzKXIPA9lY-A9-X601ZyvYK6nTI30-FOHUsOzVZIF0cUS8DE2_pz_v-lId1mif0DsUmszc5aEe7KSRuhbL9TA-8JT4-8MAvR-XrUY6PMHfuk3q3tjoZogBXVs" alt>
  <figcaption class="wp-element-caption"><em>Islamic Coin 7-day price chart. Source: </em><em>CoinMarketCap</em>
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 </figure>
 <p class="paragraph">As it happens, Islamic Coin managed to secure $200 million in crypto fundraising in the third quarter of 2023, despite a widespread and long-running downtrend at the time, with the KuCoin listing on October 10 marking its formal debut into the cryptocurrency market.</p>
 <figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
    <p lang="en" dir="ltr">#ISLM Token is now available for trading on @kucoincom!<br><br>Explore rewarding events and trade #ISLM now: https://t.co/2I8PMcQJlv<br><br>More exchanges to come. pic.twitter.com/mEnR06kapi</p>— Islamic Coin (@Islamic_Coin) October 10, 2023
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 <p class="paragraph">Interestingly, days before the official launch of the asset on KuCoin, Dubai’s Virtual Assets Regulatory Authority (VARA) had alerted investors and other market participants that the company distributing and marketing ISLM lacked the authority to do so, arguing that Bored Gen DMCC (BG) was not a licensed or registered virtual asset (VA) issuer.</p>
 <p class="paragraph">All things considered, Islamic Coin has entered the market at a difficult period for most assets in the cryptocurrency sector, and time will tell whether it will manage to weather the uncertainties and increase its value more significantly in the future or remain at the levels <a rel="noopener noreferrer nofollow" title="predict" href="https://thebittimes.com/tag/predict.html">predict</a>ed by AI.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ai-predicts-islamic-coin-price-for-the-end-of-2023-tbt66539.html">https://thebittimes.com/ai-predicts-islamic-coin-price-for-the-end-of-2023-tbt66539.html</a></p>

AI predicts Islamic Coin price for the end of 2023

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