The world of crypto is ever-changing, with the emergence of ChatGPT transforming the way traders conduct research and analysis.
The analytical prowess of ChatGPT has allowed traders to gain insights into the future price trajectories of cryptos like Bitcoin and Ethereum – adding a valuable tool to their trading toolkit.
But it’s not just about the big players. ChatGPT is also now being used to uncover hidden gems in the market – with meme coin Wall Street Memes (WSM) surfacing as one of the most promising projects in the space.
Leveraging its powerful predictive capabilities, ChatGPT has been making headlines after giving its AI-powered perspective on the current state of the crypto market.
Big players like Bitcoin and Ethereum have taken a tumble in recent weeks, with investors unsettled by the stagnation in discussions to elevate the US debt ceiling.
Nevertheless, ChatGPT analysis suggests that the current bearish momentum is only a blip – and that the market could bounce back in the latter half of the year.
Per ChatGPT, Bitcoin’s value could soar to between $40,000 and $45,000 in the next six months, which would mean an increase of between 51% and 70%, based on the current price.
Additionally, ChatGPT estimates that Ethereum’s price could regain the $3,000 price point by the end of the year. This price point hasn’t been touched since April 2022 and would be a 65% leap from today’s price.
Byeond Bitcoin and Ethereum, ChatGPT anticipates a rebound for the meme coin veteran, Dogecoin. The model projects that DOGE could hit $0.12 by the end of 2023 – a healthy 69% increase.
These optimistic forecasts will be warmly received by crypto bulls, who’ve recently observed a 10% or more drop in most major coins.
On a less positive note, there are several cryptos that ChatGPT isn’t too hot on – and Pepe Coin is the most notable one.
According to ChatGPT, the PEPE price could fall back to $0.0000010 by the end of the year – and potentially even lower.
Should this happen, Pepe Coin would trade 77% below its all-time high from May 5.
Barring its skeptical take on Pepe Coin, ChatGPT suggests a promising rally for major coins in the year’s latter half – which will be welcome news to crypto investors.
Although ChatGPT is optimistic about the crypto market’s future, many investors remain on the lookout for alternatives in case these scenarios don’t materialize.
One alternative gaining traction in the market is Wall Street Memes (WSM) – a new cryptocurrency inspired by the Wall Street Bets movement.
Wall Street Memes seeks to leverage the momentum sparked by this movement in 2021 during the whirlwind that was the GameStop short squeeze.
The Wall Street Memes project already boasts over 400,000 followers across its social media profiles, highlighting the incredible community backing it has.
This backing stems from the massive popularity of the Wall St Bulls NFT collection, launched in 2021. The collection was an instant success, selling out within 32 minutes.
According to OpenSea, 1,861 ETH worth of these NFTs have been traded since their launch – equating to over $3.3 million.
Now, the Wall Street Memes team has just launched its own token, WSM, allowing community members to potentially profit from the community’s growth.
ChatGPT is already optimistic about WSM’s prospects, believing it could explode in value once listed on major exchanges.
Per ChatGPT, WSM could ride a wave of excitement and enthusiasm following its exchange listing – propelling the token to the $0.15 level, a “significant increase” from its current price.
Such an event would signify a remarkable 500% increase from the ongoing presale price of $0.025 in stage 1, which is set to rise to $0.0337 by the final presale stage.
The hype is already beginning to build around Wall Street Memes’ prospects, with the project’s official Discord server seeing a massive influx of new members.
Adding to the hype, the Wall Street Memes presale raised a staggering $100,000 within the first 24 hours of being live, indicating investors’ eagerness to get involved while the token price is still low.
Visit Wall Street Memes Presale
The post With Wall Street Memes Token set for ‘Significant Increase,’ ChatGPT Analyzes Crypto Prices appeared first on CryptoPotato.
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