2023-07-31 11:03:26
The extreme volatility of the in recent days, prevents predicting trends in cryptoactives in a moderately effective way.
Many investors and traders are constantly looking for cryptocurrencies and tokens with growth potential, and to make consistent decisions they turn to the information and insights they provide. “chatbots” tipo ChatGPTfor taking decisions.
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Thanks to these AI tools (taking into account that no prediction is 100% accurate), we can analyze data and market trends, since when the data is correct, informed and consistent investment decisions can be made.
ChatGPT Gives Bullish Predictions for Dogecoin
Dogecoin is a meme-based coin with a playful component that has attracted people even outside of the Blockchain, making its value skyrocket.
In May 2021, it rose to a record of $0.7605. This last month you can see a slightly upward trend, which makes some investors think that it may be entering a bullish stage.
Due to this we have had the curiosity to ask ChatGPT, which is being optimistic about the market prospects, both with Dogecoin ($DOGE) (as a currency that may be preparing for a surprising rise) as with other new currencies such as $WSM they are expected to explode in the coming weeks.
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Elon Musk’s influence on the Dogecoin price
Dogecoin (which, in addition to its status as a meme, can be used as a tipping system on Twitter and Reddit), was helped by the “Dogefather” Elon Musk during the first half of 2021.
The relationship between Musk and Dogecoin fell in 2022 as market conditions worsened, although a new move from him recently changed everything. Musk temporarily changed the Twitter logo to a dog, resulting in a 30% increase in less than 24 hours, although this did not last long. What does Chat GPT say on this topic? The influence of Elon Musk is not entirely positive because it greatly influences its volatility:
What does ChatGPT say about investing in Dogecoin?
According to ChatGPT, there are several reasons why Dogecoin can lead to a bullish year:
Greater adoption by companies and merchants. Continuous growth in the crypto market. News and positive events around its ecosystem.
Without giving a definitive answer (with analytical data and information that he manages), he indicated that this cryptocurrency could reach $0.10, $0.20 or even $1.00 by the end of the year.
Another ChatGPT-backed cryptocurrency: Mr. Hankey
Mr Hankey Coin ($HANKEY), is a relatively new coin inspired by a character from South Park. Built on the Ethereum ERC-20 standard, it has a stable foundation for its developers to create a favorable ecosystem around this token for the future.
The total supply of $HANKEY, is 1 billion, of which only 40% was available in pre-sale. Another 40% goes to liquidity, and the remaining 20% to marketing, equipment and decentralized exchanges.
According to ChatGPT, “Mr Hankey has great ability to experience a rapid price increase”. The novelty, the influence of the community, the potential as a meme and the marketing strategies, are factors that can help their prices to skyrocket in the coming weeks.
According to Chat GPT, the future of dogecoin is uncertain, but as general conditions become favourable, the price could increase considerably. Mr Hankey Coin It launched a little over a week ago, and it tripled its pre-sale price, suggesting that this genre of memecoin has great potential for profit.
Chat GPT It can be considered a useful tool when evaluating the market, but never something on which to base our decisions without comparing them. We must have other analysis tools at hand and make serious comparisons to get good results in our investments.
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