We Asked ChatGPT If Shiba Inu (SHIB) Could Be a Top 5 Cryptocurrency This Year
TL;DR
- shiba inu (SHIB) saw a price increase earlier this year but has since lost some of its momentum. ChatGPT sees Shibarium’s chances of reaching the top 5 cryptocurrencies despite further growth and a strong community, as low.
- dogecoin (DOGE), backed by Elon Musk and Tesla, has a better chance of breaking into the elite club due to potential celebrity endorsements and market optimism.
The popular meme coin experienced an impressive revival earlier this year, with its price reaching a two-year high in March. At that time, its market capitalization reached over $25 billion. Despite deteriorating in the coming months, the asset remains one of the hottest topics in the community and one of the top 15 cryptocurrencies.
Therefore we I decided to ask Whether ChatGPT can witness another significant rise in the coming months and Can he do it? get into the top 5 club Before the end of 2024.
The chances are relatively low given the current market dynamics, the AI-powered chatbot said. However, he claimed that SHIB has made significant progress recently, suggesting that further development of the layer 2 scaling solution (Shibarium) and other developments related to the Shiba Inu’s ecosystem could help achieve this goal.
ChatGPT also noted the meme coin’s loyal community, assuming that potential growth could increase. be useful for a price rally. A recent study clarified Shiba Inu has the strongest It has a community base among all meme coins, with Dogecoin (DOGE) coming in second.
load but at leastChatbot suggests positive regulatory developments and endorsements from leading names could drive greater adoption and increase prices swell.
Right now, solana is the fifth largest cryptocurrency with a market capitalization of over $77 billion; This means a difference of over $60 billion between SOL and SHIB.
What About Dogecoin (DOGE)?
Dogecoin is the biggest meme coin and has a higher chance of entering the top 5 of cryptocurrencies according to ChatGPT club this year. The chatbot hypothesized that the asset’s market value could move northward following possible celebrity support.
Recall that DOGE is Tesla CEO’s favorite cryptocurrency – Elon Musk. One of the richest people often extols his own virtues, whereas EV giant recently Unified offers the token as a payment option on its website.
Additionally, ChatGPT is supported by many industry participants. quite a few Bullish sentiment for DOGE expects its price to rise in the coming months. popular X user Ali Martinez argued that the asset faces “significant resistance” between $0.166 and $0.171, where 75,000 addresses have accumulated approximately 10 billion coins.
as of nowDOGE has a market cap of more than $23 billion, making it the ninth largest company in the crypto industry.
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