After OpenAI unveiled the ChatGPT artificial intelligence platform, it sparked a fresh surge of curiosity in AI technology. It didn’t take long for ChatGPT to showcase its diverse capabilities, extending its influence to various sectors, notably in offering valuable insights into cryptocurrency market assets.
As the current year is drawing to a close, Finbold requested the chatbot to compile a roster of the top five cryptocurrency assets that hold promising investment potential for the upcoming year. The results, as of October 16, are indeed intriguing.
Crypto Portfolio Essentials
Bitcoin(BTC):
In its initial recommendation, ChatGPT has highlighted Bitcoin (BTC) as the primary choice. It characterizes Bitcoin as the “original and most widely recognized cryptocurrency,” originating in 2009. It notes that numerous financial experts and investors regard it as a “store of value” and occasionally liken it to “digital gold.”
As of the current moment, the price of Bitcoin stands at $27,770, indicating a 3.23% increase in the past 24 hours, a 0.77% rise over the previous seven days, and a 4.76% upswing in the last month. Furthermore, it has shown a substantial growth of 67.7% since the beginning of the year.
Ethereum(ETH):
ChatGPT’s following recommendation is Ethereum (ETH), the second-largest cryptocurrency in terms of market capitalization. The AI-powered chatbot pointed out that Ethereum is a widely recognized asset that goes beyond being merely a digital currency; it serves as a platform for the development of decentralized applications (dApps).
As for its current market performance, Ethereum is currently trading at $1,583.08. It has experienced a 1.67% increase in the day’s trading, but it retains a 0.74% loss over the past week and a 3.21% decrease on its monthly chart. Nevertheless, it has exhibited a 31.83% gain year-to-date, as indicated by the most recent chart data.
Binance Coin(BNB):
Additionally, ChatGPT also recommended Binance Coin (BNB), the cryptocurrency native to the Binance crypto trading platform. The chatbot highlighted that BNB has diverse applications beyond just being a digital asset, such as covering transaction fees on the Binance Exchange, facilitating in-store payments, and more.
As of the current data, the price of BNB stands at $213.01, reflecting a 2.77% increase over the past 24 hours and a 2.13% rise on its weekly chart. However, it has seen a slight 0.5% decline compared to its value 30 days ago and has incurred a loss of 12.74% throughout the year 2023.
Cardano(ADA):
Subsequent to BNB, there’s Cardano (ADA), a blockchain platform that employs a proof-of-stake (PoS) consensus mechanism. ChatGPT noted that Cardano’s mission is to empower “changemakers, innovators, and visionaries” to enact positive global change, which is why it has been included in the list of top cryptocurrencies to consider investing in for 2024.
As of the latest data, the price of Cardano is at $0.25216. This reflects a 1.95% increase in its value within the past day, along with a 0.22% gain over the previous week. Additionally, Cardano has seen a 0.5% growth over the month and a 1.09% advancement since January 1, 2023.
Polkadot(DOT):
Lastly, Polkadot (DOT) is the final entry among the five cryptocurrencies recommended by OpenAI’s creation. It’s described as “a multi-chain framework designed to support multiple blockchains within a unified network, with the goal of achieving elevated levels of security, scalability, and innovation.”
As for its current pricing, Polkadot is currently trading at $3.781. This reflects a 0.61% increase in value over the last 24 hours, although it still shows a 2.04% decline for the week and a 9.57% decrease on the monthly chart. Over the course of 2023, it has seen a reduction of 12.88% in its value.
In conclusion, while ChatGPT can offer valuable information about assets in the cryptocurrency market, it’s important to remember that it is an artificial intelligence platform and cannot forecast or engage in speculative predictions about the future, as the bot itself acknowledged. Therefore, conducting thorough research before making substantial investments in any of the mentioned assets remains essential.