The crypto world is constantly changing, with the emergence of ChatGPT changing the way traders conduct research and analysis.
ChatGPT’s analytical prowess allows traders to gain insights into the future price trajectories of cryptos such as Bitcoin and Ethereum – adding a valuable tool to their trading toolkit.
But it’s not just about the big players. ChatGPT is once again being used to discover hidden gems in the market – with the meme coin Wall Street Memes (WSM) emerging as one of the best projects in the space.
Crypto Market Outlook Remains Bullish According to ChatGPT
Leveraging its powerful forecasting capabilities, ChatGPT made headlines after providing its AI-powered insight into the current state of the crypto market.
Major players such as Bitcoin and Ethereum have collapsed in recent weeks, with investors unsettled by the withdrawal of discussions to raise the US debt ceiling.
However, ChatGPT’s analysis suggests that the current bearish momentum is just a blip – and that the market may bounce back in the latter half of the year.
Per ChatGPT, the value of Bitcoin could rise between $40,000 and $45,000 in the next six months, which means an increase of between 51% and 70%, based on the current price.
Additionally, ChatGPT estimates that the price of Ethereum may recover the $3,000 price point by the end of the year. This price point has not been touched since April 2022 and would be a 65% jump from today’s price.
Byeond Bitcoin and Ethereum, ChatGPT expects a rebound for meme coin veteran, Dogecoin. The model projects that DOGE will hit $0.12 by the end of 2023 – a healthy 69% increase.
These optimistic predictions will be warmly received by crypto bulls, who have recently observed a 10% or more decline in most of the major coins.
On a less positive note, there are many cryptos that ChatGPT is not so hot – and Pepe Coin is the most popular.
According to ChatGPT, the price of PEPE could fall back to $0.0000010 by the end of the year – and possibly even lower.
If this happens, Pepe Coin will trade 77% below its all-time high from May 5.
Apart from his doubts about Pepe Coin, ChatGPT suggests a promising rally for major coins in the latter half of the year – which could be good news for crypto investors.
ChatGPT Predicts Exponential Growth for Wall Street Memes After Raising $100,000
Although ChatGPT is optimistic about the future of the crypto market, many investors remain on the lookout for alternatives if these scenarios do not materialize.
An alternative that is gaining traction in the market is Wall Street Memes (WSM) – a new cryptocurrency inspired by the Wall Street Bets movement.
Wall Street Memes aims to use the momentum this movement has sparked in 2021 during the whirlwind that is GameStop’s short squeeze.
The Wall Street Memes project already boasts over 400,000 followers on its social media profiles, highlighting its incredible community support.
This support comes from the widespread popularity of Wall St Bulls NFT collection, launched in 2021. The collection was an immediate success, sold out within 32 minutes.
According to OpenSea, 1,861 ETH worth of these NFTs have been traded since their launch – equivalent to over $3.3 million.
Today, the Wall Street Memes team has just launched its own token, WSM, which allows community members to profit from the growth of the community.
ChatGPT is already optimistic about WSM’s prospects, believing it could explode in value once listed on major exchanges.
Per ChatGPT, WSM is riding a wave of excitement and enthusiasm following its exchange listing – pushing the token to the $0.15 level, a “significant increase” from its current price.
Such an event means an incredible 500% increase from the ongoing presale price of $0.025 in period 1, which is set to rise to $0.0337 in the final presale period.
The hype has started to build around the prospects of Wall Street Memes, with the project’s official Discord server seeing a huge 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, showing the eagerness of investors to participate while the token price was still low.
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