ChatGPT picks 3 cryptocurrencies to invest in November – Finbold – Finance in Bold
November has just started after a profitable October for cryptocurrency investors. Sentiment has shifted from neutral to bullish, according to leading indicators, while people are looking for cryptocurrencies to invest in.
Notably, the total crypto market capitalization is at $1.246 trillion by press time, for 18% gains since October 1. The CRYPTOCAP index by TradingView recorded a market cap of $1.056 trillion 30 days ago.
In the context of a monthly bull rally, the fear and greed index by CoinMarketCap registers greed at 72 points. This indicates people are looking for cryptocurrencies to invest in, although there are no guarantees that the uptrend will continue in the short term.
All things considered, Finbold turned to a crypto-based ChatGPT-4 API bot on November 1 to get insights on solid cryptocurrencies to invest in November through the following prompt:
“November 2023 has just started. Pick 3 cryptocurrencies to invest in November that now offer a good investment opportunity. Justify your picks.”
The first pick was Bitcoin (BTC), the leading cryptocurrency with $672.27 billion market capitalization trading at $34,429 per unit at the time of publication. BTC surged by 21.6% from its price of $28,311 one month ago.
“Despite volatility, Bitcoin’s market leadership and widespread adoption offer long-term growth potential. Trends show increased institutional investment.”
The artificial intelligence’s second pick is also the second-largest cryptocurrency, with a market cap of $216.44 billion. Ethereum (ETH) is trading at $1,800.4 per token by press time and is the dominating web3 network. ETH registered monthly gains of 4.2% from a $1,726.7 trading price.
“The base for various DeFi projects, Ethereum exhibits consistent growth.”
Interestingly, the third pick is Polkadot (DOT), a cryptocurrency ranked in the 16th position with a $5.43 billion capitalization. DOT is changing hands by $4.35 per token with shy 2.8% gains since October 1’s price at $4.23.
“Polkadot’s interoperability focus makes it unique. Its active development and growing ecosystem of cross-chain projects boost its future value.”
However, it is still important that investors do their own research and only invest in projects where they understand the fundamentals, benefits, and trade-offs. ChatGPT considers the three mentioned cryptocurrencies as good picks to invest in November, but things can change quickly in the cryptocurrency market.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
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