With the invention of the generative artificial intelligence (AI) platform ChatGPT by OpenAI, which reinvigorated interest in the life-changing technology, it was not long before it started to demonstrate its capabilities across sectors, including when picking cryptocurrencies for purchase.
As it happens, in this context, Finbold has asked the chatbot’s fourth iteration, ChatGPT-4, to select the top five crypto assets that might be a good investment opportunity during the month of March, and it has delivered some interesting results from the standpoint as of March 7.
#1 Bitcoin (BTC)
As its first suggestion, ChatGPT has singled out the flagship decentralized finance (DeFi) asset, Bitcoin (BTC), arguing it was “a ‘safe haven’ within the volatile cryptocurrency market,” which “serves as a cornerstone investment for both newcomers and seasoned investors alike.”
Picks for you
Indeed, Bitcoin has been demonstrating exceptional strength in the past few weeks and is currently changing hands at $66,830, making a modest daily gain of 0.21% while also advancing 6.36% across the week, and racing 55.62% on its monthly chart, as per the latest data.
#2 Ethereum (ETH)
ChatGPT’s next choice is the second largest crypto asset by market capitalization, Ethereum (ETH), which it referred to as “the primary platform for decentralized applications (dApps) and smart contracts, stressing that its value is not only in its currency but also in its innovative blockchain technology.
For now, Ethereum is trading at the price of $3,793.17, down 0.78% in the last 24 hours but nonetheless advancing 9.37% across the previous seven days, adding up to the monthly move upwards of 62.72%, according to the most recent information on March 7.
#3 Solana (SOL)
Furthermore, the chatbot also suggested Solana (SOL), “one of the promising cryptocurrencies that offer scalability solutions,” highlighting its “high transaction speed and low fees” as making it an “attractive option for investors interested in next-generation blockchain technology.”
Currently, the price of Solana stands at $140.41, which suggests the asset has improved its price by 7.64% on its daily chart, recording an increase of 8.79% in the last week, and achieving a more significant gain of 46.24% to its value across the past month.
#4 Binance Coin (BNB)
Following Solana is Binance Coin (BNB), which ChatGPT noted was “integral to the operations of the Binance exchange, one of the largest cryptocurrency exchanges globally,” and “offers practical benefits such as trading fee discounts and participation in exclusive token sales, making it a strategic investment.”
At press time, Binance Coin cost $433.15, which indicates an increase of 5.65% in the last 24 hours, as well as a 5.42% positive change in terms of its weekly movements, and a 43.11% advance across the previous 30 days, as the most recent charts suggest.
#5 Cardano (ADA)
Finally, the AI platform picked Cardano (ADA), suggesting its position “as an ‘Ethereum killer’” distinguished it “through a research-driven approach to its development and its commitment to sustainability” and a “compelling choice for forward-thinking investors” due to its “protocol and focus on security and scalability.”
As for its price, Cardano was at press time changing hands at $0.7347, improving its daily price by a modest 1.17% but still progressing 5.79% across the previous seven days and making a more intense upward move of 47.94% in terms of its monthly price action.
Conclusion
Indeed, ChatGPT-4 may provide useful insights into assets in the crypto sphere and has some strong arguments to support them, but ultimately, it is only an AI platform and cannot precisely predict or speculate on the future. For this reason, doing one’s own research before investing remains adamant.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
