Since October 2023, the crypto market has exploded. While 2024 could start with a bang with the answer to Bitcoin ETFs, ChatGPT recommends 5 cryptocurrencies.
Bitcoin, a clear option
It will come as no surprise that Bitcoin at the forefront of the ChatGPT recommendation, which is preparing for the end of 2023, probably for 150%.
On the other hand, even if indicators are bullish in the medium/long term, there are a number of scenarios regarding the short term outlook. With Bitcoin ETFs more than likely approved until January 10, 2024, the beginning of the month could be tough for trading and force us to go through all the emotions. Digital gold could reinforce its scarcity, especially as demand is expected to skyrocket in the coming months.
Ethereum ready to catch up?
While 2023 brought satisfaction to a large number of crypto investors, we cannot say that is the case for Ethereum. Despite an annual increase of 85%, Vitalik Buterin’s coin is behind Bitcoin, but also behind many other cryptocurrencies (especially Solana). However, ChatGPT AI is still rising on second place BTC and especially the bullish rally towards $3500. After all, the Ethereum ETF is also awaiting approval for 2024. But be careful not to fall too far behind your competitors, as speculators are already betting that Solana will overtake Ethereum soon.
Currently, the market cap of Ethereum is still 5.80 times that of Solana. Achieving that market cap would still allow SOL to reach $622.
Which altcoins should you buy?
We start this list with BNB, now the 5th cryptocurrency in the world, behind the indestructible Solana. After leaving an average impression in 2023, the Binance token hopes to start 2024 well and remain one of the main alternatives to these two behemoths.
Even without Changpeng Zhao, the Binance and BNB ecosystem is still large and all projects want to be listed on the platform sooner or later. In fact, the Binance listing is still the holy grail that can be reached for promising projects in the crypto market. Elements that, according to ChatGPT, could be enough to shoot the price up.
At the same time, Cardano (ADA) is another proposal from ChatGPT. In 2023, the altcoin was doing well and only pales in comparison to Solana and Avalanche for the top 20 cryptocurrencies. Here again, AI believes in Cardano and believes that the altcoin could have a successful year in 2024.
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Finally, Solana appears to be a safe bet in 2024 among the largest market caps. With an increase of almost 1000% in 2023, it is hard to miss this token that even managed to cross $100. Its scalability, the end of blackouts, and the continued hype surrounding the token should allow SOL to continue its march forward. Today, there are many reasons predicting a rising price on Solana, and there are plenty of them. In fact, it is the cryptocurrency of the year 2023 for the top 20 cryptocurrencies.
Moral of the story: ChatGPT chooses to recite its classics.
Disclaimer
Disclaimer: In accordance with The Trust Project guidelines, BeInCrypto is committed to providing unbiased and transparent information. This article aims to provide accurate and relevant information. However, readers are encouraged to check the facts for themselves and consult with an expert before making decisions based on this content.