Conor Grogan, head of trading operations at Coinbase, has long tested the artificial intelligence (AI) abilities of OpenAI. According to the specialist, it is possible to calculate certain price probabilities for various cryptocurrencies using CHATGRT.
The answers the AI gave to the analyst were labeled as “likely future events” and “strange probabilities.” Grogan shared on his channel on X the “opinion” of CHATGPT, which judged that some of the most important digital assets on the market will become irrelevant by 2035.
The chatbot warns that changes in legislation, technological advances, macroeconomic trends and other factors could affect asset prices.
Top meme cryptocurrencies, as predicted by ChatGPT
Beginning traders can rely on AI advice when choosing an investment strategy, but it is also necessary to analyze specific projects on your own.
- SPONGE V2 – the return of the meme coin that brought 100X to its investors in May.
- Meme Kombat is a decentralized platform where memes wage war against each other, rewarding viewers and investors with crypto bonuses. The token can be purchased for $0.279, which is the discounted price offered as part of the presale.
- BONK – a Solana-based meme coin that pays homage to “dogs” like DOGE and SHIB, which has risen in value by 15,000% year-to-date.
- PEPE – a meme coin created in April 2023 and listed on the Binance exchange in short order.
- 2024 Coin is a new altcoin curated on DEXTools.
SPONGE
The Sponge meme token achieved impressive results: it increased its market capitalization to $100 million and was listed on more than 10 exchanges in six months. Now this coin is being updated to a new version – SPONGE V2.
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The transition to the cryptocurrency is done through the Stake-to-Bridge mechanism. This means that SPONGE V2 can currently only be earned through staking Sponge, the original version of the token. Existing coin holders can send their assets to the new smart contract and receive an equal number of SPONGE V2 tokens. Alternatively, one can buy SPONGE through the official website, after which the tokens will be automatically locked into the V2 contract.
Sponge’s official document states that the platform will release a racing game with Play-to-Earn (“play and earn”) mechanics in the coming months. So SPONGE V2 could be a good addition to the portfolio thanks to the regular steak and arcade revenue streams where players can compete against others and earn rewards. Benefits:
- The successor has utility and success due to the achievements of its predecessor.
- Assets can be increased by participating in the P2E environment.
- Investors can earn a steaky return of 318% per year.
Meme Kombat
Meme Kombat (MK) is a new platform that allows memes to participate in battles. Much attention is paid to the quality of visual effects, which are improved by AI technology. At the same time, the developers strive to preserve the unique characteristics of memes such as Wojack, Doge, Mong and others.
A 14-day lockup period is applied to tokens placed in the staking pool, and thus investors are rewarded for their commitment. These passive rewards pair well with the ecosystem’s betting feature, providing traders with a dual source of income.
The token is priced at $0.279, which is the final price in the upcoming pre-sale. According to some analysts, this is a coin with 10x growth potential after listing.
Moreover, MK’s own token can also rise in price due to the interest of crypto-enthusiasts in the project. Betting on fights can only be done in this coin, which may eventually lead to increased demand and shortage of assets due to blockchain in staking. Among the merits:
- Currently offers a return of 136% per annum.
- Well-known developer who has revealed his name.
- Offers a new idea in the meme-coin niche that endows speculative assets with utility.
BONK
The Solana blockchain network (SOL) has a meme coin associated with it – BONK. Its price has increased more than 1,100% at the end of 2023.
The achievements of the L1 network have allowed Bonk to become one of the top 100 cryptocurrencies in its niche. This token demonstrates the vitality of the sector, confirming the fact that community-oriented assets remain a favorite among traders.
No doubt, BONK’s listing on Binance and Kucoin has also helped boost the price, putting it on the radar of many other traders. Moreover, it has once again caught the eye after its recent addition to the OKX cryptocurrency exchange. With future listings on other leading platforms possible, the coin will continue to rise in price as we wait for new listings. Features:
- BONK’s growth correlates with renewed interest in the Solana network.
- It is integrated into several decentralized funding protocols (DeFi).
- Market capitalization was as high as $1 billion.
PEPE
PEPE is a meme coin inspired by a popular internet frog. In the spring of 2023, the yield of this coin exceeded 6000%. This is how some traders turned their small investments into millions after a successful deal – in particular, one Czech investor shares his success story. At the peak of its development, PEPE surpassed the famous Dogecoin and Shiba Inu in terms of volume.
To make the asset useful, the developers launched a burn mechanism. In this way, a scarcity of coins is created, which can push their price up. Moreover, once PEPE started to rise, many other new meme coins did as well. Considering this fact, the asset may rise in price again during the next hype around meme coins. Additional pros:
- Large community – over 500k people on social network X alone.
- No transaction taxes.
- Ranks 4th on the list of top meme tokens by market capitalization.
2024 Coin.
Another meme coin, 2024 Coin, has appeared in the Solana network. It has already managed to record a growth of 22,000%. According to DEXTools, the token is now trading at $0.0001033, but its maximum price reached yesterday was $0.02225513.
The viral success of the new coin, inspired by the coming year 2024, most likely took place due to the belief that SOL will become one of the popular assets. Additionally, many analysts believe that the network will experience significant growth, aided by the bitcoin rally.
Overall, there has been a recent increase in the development of meme assets on the Solana blockchain. Moreover, almost all of them are going viral and generating high returns for early investors. Given this trend, 2024 Coin may continue its growth this year. Pros:
- Given its low capitalization, the token can show multiple growth.
- An increase in the community could lead to a rally in the asset’s price.
- “Bullish” growth accompanied by the rise of bitcoin could be the catalyst for 2024 Coin.
Completion
“Altcoin season,” or “altcoin season,” refers to a period in the market when altcoins (cryptocurrencies other than bitcoin) experience a significant increase in price and popularity. The Blockchain Center organization has created an index that aims to objectively determine whether such a season has begun. According to the developers’ explanation, if 75% of the top 50 coins have performed better than bitcoin over the past 90 days, it is an “alt season.” At the time of publication, the index value is at 76 points. This means that coins are gearing up for a bullish run.
Investing in altcoins can yield higher returns than buying BTC, as they have a lower market capitalization and are therefore more volatile. However, the latter implies that the risks are also higher. Losses from failed token investments run into the millions. For this reason, it is important for any investor to take appropriate risk management measures.
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Author: Saifedean Ammous, an expert in cryptocurrency economics.
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