The growth of ChatGPT as an analytics tool has been nothing short of spectacular, with traders worldwide using it to obtain objective insights into the potential of popular coins and tokens.
This advanced model uses AI technology to analyze and assess the performance of various cryptocurrencies based on multiple factors, including historical data, current market trends, and overall sentiment.
In this article, we look at Wall Street Memes ($WSM), one of the cryptos that ChatGPT is most bullish on, before detailing three additional altcoins that the model expects to soar in the latter half of 2023.
ChatGPT Expects Wall Street Memes to Soar in Coming Months After New Meme Coin Raises $5m
The cryptocurrency that has undoubtedly caught ChatGPT’s eye the most is Wall Street Memes ($WSM) – a new meme coin project causing shockwaves throughout the crypto market.
As its name implies, Wall Street Memes draws inspiration from the super-popular WallStreetBets subreddit, which became prominent during the GameStop short squeeze of 2021.
This subreddit now informs much of the subculture surrounding cryptos and meme coins – and Wall Street Memes looks to leverage this power by launching a community-driven token called $WSM.
The $WSM token is Wall Street Memes’ second project, following the Wall St Bulls NFT collection launched in 2021 – which sold out in just 32 minutes.
Since then, Wall Street Memes has continued to build an online community of its own, comprising over 1.1 million people, spread across platforms like Instagram, Twitter, and Reddit.
The influence of this community, combined with $WSM’s meme-style appeal, has led ChatGPT to be incredibly bullish about the token’s prospects for the remainder of 2023.
As noted by ChatGPT, the price of $WSM could rise to $0.475 by the end of the year – which would be a remarkable 1,309% increase from the final presale stage price.
ChatGPT believes this price increase would be driven by several factors, including the “meme effect” and the overall bullish market sentiment.
So, for those seeking an opportunity to engage with a fast-evolving meme coin, $WSM might be just the right investment.
Ethereum Set to Resume Bull Trend According to ChatGPT
Aside from Wall Street Memes, ChatGPT has noticed several other cryptos that are primed to grow – and Ethereum ($ETH) is one of the most prominent.
Ethereum needs no introduction, as it remains the world’s second-largest cryptocurrency and boasts a market cap of over $221 billion, per CoinGecko.
The $ETH price is down slightly over the past seven days, partly due to the ongoing uncertainty caused by the SEC’s lawsuits against Binance and Coinbase, yet the token is still up 53% YTD.
Fortunately for $ETH holders, things could be about to get even better since ChatGPT expects the token’s price to soar in the coming six months.
As forecast by ChatGPT, $ETH could surge to $3,200 by the end of the year – approximately 72% higher than its current price.
ChatGPT states that this price increase would be contingent on several factors, including further adoption of the Ethereum network, continued institutional investment, and favorable market conditions.
All in all, it appears that Ethereum is positioning itself as a robust investment opportunity for those looking to leverage the potential of a well-established crypto in the latter half of the year.
ChatGPT Expects Meme Coin Sensation AiDoge to Make Explosive DEbut
AiDoge ($AI) is another crypto project that ChatGPT is heavily optimistic about.
Much like Wall Street Memes, AiDoge is a brand-new meme coin, yet looks to take advantage of the colossal buzz surrounding artificial intelligence (AI) technology.
Per AiDoge’s whitepaper, the platform will allow users to easily create social media-ready memes using its AI-powered meme generator. These memes can be instantly shared on sites like Reddit and Twitter – simplifying the process of going viral.
This exciting feature prompted massive demand for $AI tokens during the project’s presale – so much so that the fundraising hard cap of $14.9 million was hit in just over one month.
Now, AiDoge’s team is offering one final opportunity for investors to acquire $AI tokens ahead of their exchange debut on June 16 – and ChatGPT believes this could represent a golden opportunity.
Per ChatGPT, the $AI price could rocket to $0.0006 if the conditions are right, representing a 1,685% increase from the planned CEX listing price.
This bullish forecast will be music to the ears of early $AI investors, signaling that their leap of faith could lead to significant financial rewards.
Cardano Poised for Dramatic Rebound, Per ChatGPT’s Forecast
Lastly, ChatGPT has also set its sights on Cardano ($ADA), expecting this beaten-down crypto to rebound in the next few months.
It’s been a tough year for $ADA holders, with the token’s bearish momentum showing no signs of slowing.
At the time of writing, $ADA is trading at around $0.3352, 89% lower than its all-time high posted in September 2021.
Various internal and external factors have contributed to Cardano’s downfall, although ChatGPT predicts that $ADA bulls are set for some good news.
As outlined by ChatGPT, the $ADA price could potentially reach $1.20 by the end of 2023 if all of the pieces fall into place – which would be an 870% return based on today’s price.
For this to occur, ChatGPT speculates that Cardano would need to complete its development roadmap and form strategic partnerships to promote increased demand for $ADA.
Ultimately, this forecast suggests that, despite its recent struggles, Cardano may offer a promising opportunity for risk-seeking investors.