ChatGPT picks 5 cryptocurrencies to buy for Halloween – Finbold – Finance in Bold
As the artificial intelligence (AI) hype, triggered by the launch of the OpenAI brainchild ChatGPT, still remains strong, the technology has already demonstrated its capabilities across industries, including in providing useful insights into assets in the cryptocurrency sector.
In this context, and with the spooky holiday of Halloween getting closer, Finbold has asked the text-based AI chatbot to offer a list of five digital assets that present a good investment opportunity at this time, and it has delivered some interesting results from the standpoint of October 26.
As its first suggestion, ChatGPT has offered Bitcoin (BTC), describing it as “the original cryptocurrency, leading in market cap at $672.2 billion,” and pointing out that its price has soared over several years, “marking significant growth,” noting that on October 24, 2023, it stood at around $34,430.
Indeed, at press time, Bitcoin was trading at the price of $34,273, recording a slight decrease of 0.1% in the last 24 hours but still an impressive weekly gain of 20.47% and an even more significant advance of 30.6% across the previous 30 days, as the charts suggest.
Next, ChatGPT picked Ethereum (ETH), stating it was “both a cryptocurrency and a blockchain platform” that “holds a lot of potential due to its application in smart contracts and non-fungible tokens (NFTs),” as well as noting that it was the second-largest crypto asset by market cap, “standing at $219.8 billion.”
In terms of its price, Ethereum is currently changing hands at $1,820.15, up 1.94% on the day, adding up to an increase of 17.11% across the previous week and the 14.5% gain over the past month, as the latest information suggests.
Following Ethereum, the chatbot singled out Binance Coin (BNB), the native coin of the crypto trading platform Binance, which has a market cap of $35 billion and “allows you to trade and pay fees” on the crypto exchange, but it has also evolved its uses “beyond just the Binance’s exchange platform,” as ChatGPT stressed.
As things stand, the price of Binance Coin at press time amounted to $225.51, which represents a gain of 0.34% in the last 24 hours, as well as still holding onto the 7.11% advance across the previous seven days and the 6.19% gain on its monthly chart, according to the recent data.
Furthermore, ChatGPT also suggested Solana (SOL), which it said was “designed to power decentralized finance (DeFi) apps and smart contracts” and had seen a significant rise in value in late October 2023 from $0.77 at launch, with its market cap standing at $13.2 billion.
As it happens, Solana was at the time of publication changing hands at the price of $32.22, demonstrating a loss of 3.61% to its value in the last 24 hours but also retaining the massive gains of 33.04% and 66.26% on its weekly and monthly charts, respectively.
Finally, Cardano (ADA) is the last of the five investment-worthy cryptocurrencies for this Halloween offered by OpenAI’s product, which has referred to it as “a solid contender in the crypto world, associated with proof-of-stake validation” that “expedites transaction time and decreases energy usage.”
Meanwhile, the price of Cardano at press time stood at $0.2919, which is an advance of 4.35% over the past day, as well as an increase of 21.15% in the last week, and a 19.63% boost across the previous month, as per the most recent chart information.
Undoubtedly, ChatGPT may provide helpful insights into which digital assets could be a good investment based on past and current data, but past results cannot guarantee future results, as the bot itself has stressed. Hence, it is important to weigh one’s own personal financial goals and risk tolerance before investing.
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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