The crypto market has been extremely volatile over the past few days, with previously trending coins now seeing a sharp pullback.
However, OpenAI’s large language model ChatGPT is still optimistic about the market’s prospects – with Dogecoin ($DOGE) being singled out as a coin that could be set for a shock rise.
It’s not only $DOGE that ChatGPT is bullish on, with two brand-new meme coins also expected to pump in the coming weeks.
ChatGPT’s Bold Dogecoin Prediction Turns Heads in the Meme Coin Space
Dogecoin has been on a wild ride of late, with the coin’s price rising throughout mid-June before plummeting in the first week of July.
At the time of writing, the $DOGE price is hovering around $0.0647 – which is 91% lower than its previous all-time high.
Unfortunately for $DOGE bulls, price appears to be creating a large bear flag pattern on the daily time frame, hinting that a downward surge could be imminent.
Many believe Dogecoin could return to the support level at $0.060 if this scenario played out – a 7% drop from today’s price.
Dogecoin’s pessimistic technicals haven’t halted the trading momentum, with CoinMarketCap reporting that over $200 million worth of $DOGE was traded in the past 24 hours – 2% higher than the previous day.
Moreover, the total number of wallet addresses holding $DOGE is trending upwards, reaching over 5.1 million.
These elements have all played into ChatGPT’s shocking prediction for Dogecoin – a prediction that, if it turns out to be true, could result in long-term holders seeing their beloved coin rise to prominence once more.
Per ChatGPT, the $DOGE price could soar to $0.15 by December this year, which would be a 131% return for those who invested today.
Moreover, this would put $DOGE at the same price point it was back in November 2022, before the token experienced a dramatic crash.
While this prediction may seem optimistic, it’s important to remember that the meme coin market can be extremely unpredictable – meaning that there’s every chance Dogecoin could surpass analyst expectations.
Which Meme Coins is ChatGPT Backing to Pump?
ChatGPT is clearly bullish on Dogecoin’s prospects, but it’s not the only meme coin the model expects to increase in value.
Two brand-new coins, Mr Hankey Coin ($HANKEY) and Thug Life ($THUG), have also caught ChatGPT’s attention – and could be set for significant price growth once their respective presale phases conclude.
Mr Hankey Coin Forecasted to Explode Following Viral Presale
Mr Hankey Coin ($HANKEY) is a brand-new meme coin already showing great promise in the market.
Inspired by the beloved South Park character, $HANKEY unites the worlds of pop culture and digital currencies in a unique way.
The sentiment around $HANKEY is bullish, with early community members pointing to the recent success of low-to-no utility tokens like $PEPE and $WOJ as evidence that “fun” tokens have significant market potential.
Moreover, the fact that $HANKEY is built using Ethereum’s ERC-20 standard has established a reliable foundation for the developers to create a thriving ecosystem around the token in the future.
The Mr Hankey Coin presale is set to kick off on June 13, with interested investors able to sign up through the project’s website to ensure they don’t miss out.
With 40% of the total $HANKEY supply dedicated to this presale, the initiative promises an exciting opportunity for early adopters to take a position in what could be a revolutionary meme coin project.
ChatGPT seems to think so, with the model stating that $HANKEY has the potential to experience “a rapid rise in price” following its presale.
The AI-powered model also highlighted Mr Hankey Coin’s novelty, community influence, and aggressive marketing strategies as key factors that could help price soar in the coming weeks.
New Meme Coin Thug Life Set for Successful DEX Launch, Per ChatGPT’s Analysis
Thug Life ($THUG) is another token that looks set for a successful latter half of 2023, according to ChatGPT.
This brand-new meme coin is already standing out from the crowd due to its unique blend of humor, pop culture relevance, and appealing tokenomics.
Inspired by the timeless “Thug Life” movement of the 1980s, the project features an array of beloved meme characters and celebrities, including Snoop Dogg and Pepe the Frog.
Given its eye-catching branding, the Thug Life project has already raised over $1 million through its presale phase, with early-bird investors able to purchase $THUG tokens for just $0.0007.
Notably, the presale’s hard cap is set at just over $2 million – meaning the window to acquire $THUG at a low price point is rapidly closing.
ChatGPT seems to think this is a golden opportunity, with the model speculating that the $THUG price could hit $0.0020 by the end of 2023.
If this occurred, it would represent a 185% increase for those who opt to invest via the ongoing presale.
Per ChatGPT, some factors that could shape the $THUG price in the coming weeks are community influence, influencer endorsements, added utility, and presale momentum.