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ChatGPT is known for its cautious stance on predicting crypto price movements. Nevertheless, it’s feasible to extract insights from this emerging technology by providing the language model with up-to-date and historical market data.
We sought ChatGPT -4’s opinion on potential price trends for three altcoins, and here are the results:
ORDI price prediction
ORDI recently reached a new all-time high at $61.63, pushing the project’s market cap above a billion dollars and positioning ORDI at the #54 spot in the market rankings.
As a sub-token of the Bitcoin blockchain, ORDI follows Bitcoin’s limited supply model, featuring only 21 million tokens in the maximum total supply.
It adopts a deflating minting process, enhancing the token’s scarcity over time.
ORDI enables the inscription of data, such as text, images, audio, and video, to the Satoshi units of the Bitcoin network, akin to NFT technology observed on Ethereum and other protocols.
“Bullish sentiment for Bitcoin Ordinals is reflected in the upward price trend in BRC-20 token, and this sentiment is likely to continue and increase significantly in the future as Bitcoin maximalists look to replace the NFT market with a Bitcoin-native solution. The price of ORDI could conceivably triple by the end of 2024. However, this will very much depend on other factors in the DeFi space that have yet to take effect.“
El Hippo price prediction
El Hippo is a new meme-themed crypto project that recently hit a record-high price.
HIPP doubled in price over the last month thanks to a listing on Bitget and a $54,000 rewards program followed by a series of airdrops.
“As a meme coin, HIPP is beholden to the prevailing sentiment on social media, which appears to favor the project. Centralized listings, major airdrops, and an upcoming NFT collection that issues rewards to holders establish El Hippo as a novel meme coin with a strong following focused on making memes and earning HIPP. With a low market cap, this project could easily go 10x in the coming months. However, as a smaller, younger entrant to the market, El HIppo should also be considered a risky and volatile addition to a portfolio.”
Terra Luna Classic price prediction
Terra Luna Classic is rebounding, with LUNC adding over 200%, spurred on by announcements of a Binance perpetual contract being launched for Terra tokens and a major burn of USTC.
The developing team has also announced plans to revitalize the project by potentially backing the ecosystem with Bitcoin in collaboration with the Mint Cash project.
The developing team has also announced plans to revitalize the project by potentially backing the ecosystem with Bitcoin in collaboration with the Mint Cash project.
“LUNC is in the unusual position of being a major token down over 99% of its original value that still exhibits high trading volume. Data shows that LUNC is in the top 100 cryptocurrency projects in the world when ranked by market cap. The token’s track record may perhaps override negative sentiment surrounding the price crash, leading to the perception that the token is now trading at a discounted or underbought rate. While LUNC could easily be in for a short-term bull run, the project’s longevity depends on undetermined market factors such as the proposed revamp. I am unable to make a more specific prediction at this time.”
Can ChatGPT predict crypto prices?
The debate surrounding the reliability of a jail-broken ChatGPT in predicting token prices remains contentious.
While extracting responses from the model is feasible, the accuracy of these responses lacks long-term testing or validation.
Participants in the crypto space should exercise caution when considering AI’s influence on their trading strategies.
As in any investment and financial decision-making, relying solely on a single indicator is insufficient, yet it can contribute to forming a broader understanding of potential future trends.
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