Chat GPT artificial intelligence predicted the rise of XRP, WSM and Ecoterra coins. According to the chatbot, these cryptocurrencies may soon explode the market. The service’s prediction is based on a large amount of data from the Internet.
Chat GPT predictions
Thanks to this neural network, traders and investors have additional information to ponder. Since the prospects of cryptocurrencies are indicated not only by Chat GPT, the relevance of such investments should be analyzed.
XRP
This is a well-known cryptocurrency of the Ripple project, which may skyrocket in price in the near future. The coin was created in 2013 and is among the top 10 in terms of capitalization. XRP is used for cheap and fast transactions using different digital currencies.
The main distinguishing feature of this coin is its centralization. Ripple cooperates with banking structures and payment systems, has high bandwidth and stands out from other cryptocurrencies.
In 2020, the company began a long litigation with the American structure of the SEC. However, this dispute is in favor of Ripple, which should have a positive impact on the coin’s rate.
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Now XRP is trading at $0.5, but some experts are confident in its growth to $1 and higher, and already this year. Chat GPT believes that by the end of 2023 the coin will reach $3.4, and then the upward trend will continue.
Entre os prós do projeto:
- High transaction speeds and low network fees.
- Expected upswing after the SEC litigation ends.
- High potential due to centralization.
Memes de Wall Street
It is noteworthy that Chat GPT discovers not only major players of the cryptocurrency market, but also pays attention to interesting new projects that can bring good money to investors.
Wall Street Memes deserves a special mention. This is a meme cryptocurrency, the creators of which decided to use the long history of the Wall Street community. Once nimble entrepreneurs made a fortune on worthless stocks, and today something similar can be repeated by the owners of WSM memes.
Behind this novelty is an experienced team of creators. The project has excellent prospects with the support of a huge community in social networks (more than 1 million subscribers). Among the fans of Wall Street Memes was even the famous Ilon Musk.
Chat GPT believes that the WSM coin is capable of soaring to $0.15 and higher.
Now there is a presale, and the coin can be bought on favorable terms – it is trading at $0.0286. Naturally, at further stages and after the listing, its value will grow.
Entre os prós do projeto:
- Connection with the history of Wall Street.
- Support of a community of millions.
- Interest from influential people (Ilon Musk).
- Excellent prospects due to the pre-sale progress.
Ecoterra
This is another interesting new product highlighted by Chat GPT artificial intelligence. The Ecoterra project belongs to the sphere of “green” technologies, but unlike its eco-predecessors is able to attract a wider audience.
The new cryptocurrency will still provide compensation for reducing carbon emissions, making it beneficial to producers, suppliers and consumers of eco-products. But recycling companies and users who participate in handing in recyclables will also be rewarded.
In addition, environmental enthusiasts will be able to earn cryptocurrency. Garbage collection, cleaning beaches and water bodies, planting green trees – for all these activities it will be possible to receive tokens.
The coin has great potential, as it is tied to the trend direction. Now there is a great chance to buy the token at a discounted price of $0.00925. According to Chat GPT, the coin will take off several times – a growth up to $0.02 and higher is possible.
Entre os prós do projeto:
- A unique app for recording users’ eco-activities.
- Earning opportunities for a wide range of people (producers, suppliers, consumers, recyclers, green activists).
- Rewards for participation in recycling.
Can neural network predictions be trusted?
This is an area where there is no clear division into black and white – it is impossible to give an unambiguous answer to this question. There is no doubt that artificial intelligence is becoming a good assistant in many areas. Services like Chat GPT are able to pay attention to details that a regular analyst misses.
Neural networks process gigantic amounts of information. They do it as fast as possible, in which they surpass human capabilities. However, artificial intelligence is not getting smarter than humans. The algorithms it uses were created by humans – this is the limitation of neural networks. Services can act only within a given program, but they are unable to go beyond it.
Besides, neural networks are soulless – they cannot (at least now) feel emotions when analyzing. Humans behave differently – for example, an expert who wants to make money on cryptocurrency feels the joy of potential profit and the fear of losing money. Although a professional knows how to control his emotions and be guided by cold calculation, they will still affect the forecast. At the expense of this, a person’s opinion may be more subjective.
In addition to data from Chat GPT and other AI services, it is worth studying analytics from crypto market experts. It is not uncommon for experts to have an opposite opinion on specific assets. When analyzing these forecasts, it is necessary to delve into the reasons for the proposed scenarios – what it is based on, how probable and objective the data is. By comparing a range of opinions, a broader picture can be seen.
Of course, among the options being considered, it’s worth considering a neural network. Predictions of artificial intelligence services do not arise from nothing. They become a consequence of the processing of available data, so the information obtained must be taken into account.
But it is still not necessary to trust neural networks 100%, there may be errors and inaccuracies in these forecasts. But despite this, the use of artificial intelligence in the cryptocurrency industry has great prospects. Neural networks are improving day by day, and the results of their analytics will improve over time.
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Autor: Saifedean Ammousespecialista em economia de criptomoedas.