Artificial Intelligence Recommends 5 Cryptocurrencies for Halloween Investments
With the rise of artificial intelligence (AI), particularly OpenAI’s ChatGPT, industries have witnessed the technology’s potential, including providing valuable insights into the cryptocurrency sector. In anticipation of Halloween, Finbold asked ChatGPT to recommend five digital assets that present good investment opportunities as of October 26.
#1 Bitcoin (BTC)
ChatGPT’s first suggestion is Bitcoin (BTC), highlighting its position as the original cryptocurrency with a market cap of $672.2 billion. It notes that Bitcoin’s price has experienced significant growth over the years, standing at around $34,430 on October 24. Currently, Bitcoin is trading at $34,273, with a weekly gain of 20.47% and a monthly advance of 30.6%.
#2 Ethereum (ETH)
Ethereum (ETH) is ChatGPT’s second pick, recognized as both a cryptocurrency and a blockchain platform. Its potential lies in its application in smart contracts and non-fungible tokens (NFTs). With a market cap of $219.8 billion, Ethereum is currently priced at $1,820.15, showing a weekly gain of 17.11% and a monthly increase of 14.5%.
#3 Binance Coin (BNB)
Binance Coin (BNB), the native coin of Binance crypto exchange, is highlighted by ChatGPT for its diverse uses beyond the exchange platform. With a market cap of $35 billion, Binance Coin is priced at $225.51 and has experienced gains across the previous seven days (7.11%) and month (6.19%).
#4 Solana (SOL)
Solana (SOL) is recommended by ChatGPT as a cryptocurrency designed for decentralized finance (DeFi) apps and smart contracts. Its market cap stands at $13.2 billion, and despite a 3.61% loss in the last 24 hours, it has recorded significant gains of 33.04% and 66.26% on its weekly and monthly charts, respectively.
#5 Cardano (ADA)
Cardano (ADA) is described as a solid contender in the crypto world associated with proof-of-stake validation, expediting transaction time and reducing energy usage. Priced at $0.2919, Cardano has seen a 4.35% increase in the past day, a 21.15% gain in the last week, and a 19.63% boost over the previous month.
Hot Take: Consider Personal Goals and Risk Tolerance
While ChatGPT offers valuable insights based on historical and current data, it is essential to remember that past results do not guarantee future performance. Before investing in cryptocurrencies, it is crucial to assess your own financial goals and risk tolerance.
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