ChatGPT continues its relentless development. It continues to make progress in price predictions and market analysis. Considering these situations, ChatGPT announced the top 5 cryptocurrencies that good investors can look forward to investing next year and provided some interesting results from the perspective of October 16th.
Bitcoin (BTC)
ChatGPT chose Bitcoin (BTC) as the first coin of 2024. The application defined Bitcoin as the “first and most well-known cryptocurrency” developed in 2009. ChatGPT stated that investors see Bitcoin as a store of value and sometimes refer to it as digital gold.
As of the writing time, Bitcoin was trading at $27,746. It has seen a noticeable increase of 2.09% on a weekly basis. The price of BTC has grown by 67.7% since the beginning of the year.
Ethereum (ETH)
The second altcoin preferred by ChatGPT was Ethereum (ETH), the second largest cryptocurrency in the market. The application made positive comments about Ethereum, defining it as one of the best-known assets.
Examining the price, Ethereum was trading at $1,583.08 at the time of writing. It showed a 1.65% increase during the day. However, it experienced a 0.74% loss on a weekly basis. When examined monthly, it indicated a decline of 3.21%. The latest charts showed a 31.83% increase on an annual basis.
Binance Coin (BNB)
The third altcoin preferred by ChatGPT was Binance‘s native coin, Binance Coin (BNB). The application highlighted the payment of transaction fees on Binance Exchange and the execution of in-store payments as the main features.
At the time of writing, BNB was priced at $212.8. This represents a 1.48% increase in the last 24 hours. This price level, indicating a gain of 2.13% on a weekly examination, reflects a 0.5% decrease on a monthly basis. BNB Coin experienced a 12.74% decrease in 2023.
Cardano (ADA)
ChatGPT stated that the next altcoin has different goals and placed Cardano (ADA), a proof-of-stake (PoS) blockchain platform, in the 4th place, indicating that it is one of the best cryptocurrencies to potentially buy in 2024.
At the time of writing, Cardano was priced at $0.2515. This price reflects a 0.22% increase in the last week. The monthly price analysis indicated a growth of 0.5%.
Polkadot (DOT)
The fifth and final altcoin was Polkadot (DOT). ChatGPT described Polkadot (DOT) as follows:
A multi-chain framework that supports various blockchains on a single network, aiming to achieve high security, scalability, and innovation.
As for the price, Polkadot was trading at $3.778 at the time of writing. This indicates a 0.61% gain in the last 24 hours. There was a 2.04% decrease in the weekly price analysis. Finally, the monthly price movement indicated a 9.57% decrease. The total decrease in 2023 was 12.88%.
