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The crypto world is always changing, with the advent of ChatGPT changing the way traders conduct research and analysis.
ChatGPT’s analytical prowess has enabled traders to gain insight into the future price trajectory of cryptocurrencies such as Bitcoin and Ethereum – adding a valuable tool to their trading toolkit.
But it’s not just about the big players. ChatGPT is also now being used to uncover hidden gems in the market – with the Wall Street Memes (WSM) meme coin emerging as one of the most promising projects in the space.
Crypto Market Outlook Remains Bullish According to ChatGPT
Leveraging its powerful predictive capabilities, ChatGPT has made headlines after providing an AI-powered perspective on the current state of the crypto market.
Big players like Bitcoin and Ethereum have fallen in recent weeks, with investors unsettled by the stagnation in discussions to raise the US debt ceiling.
However, ChatGPT analysis suggests that the current bearish momentum is just a blip – and that the market could bounce back in the second half of the year.
Per ChatGPT, Bitcoin’s value could jump between $40,000 and $45,000 in the next six months, meaning an increase of between 51% and 70%, based on current prices.
Moreover, ChatGPT predicts that the price of Ethereum could regain its $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.
With Bitcoin and Ethereum, ChatGPT anticipates a rebound for the veteran meme coin, Dogecoin. The model projects that DOGE could reach $0.12 by the end of 2023 – a healthy increase of 69%.
This upbeat forecast will be warmly received by crypto bulls, who have recently observed drops of 10% or more in most major coins.
On a less positive note, there are a few cryptos for which ChatGPT isn’t very popular – and Pepe Coin is the most well-known.
According to ChatGPT, the PEPE price could fall back to $0.0000010 by the end of the year – and potentially even lower.
If this happens, Pepe Coin will be trading 77% below its all-time high from May 5.
Barring its skepticism about Pepe Coin, ChatGPT suggests a promising rally for major coins in the second half of the year – which should be good news for crypto investors.
ChatGPT Predicts Exponential Growth for Wall Street Memes After Raising $100,000
Even though ChatGPT is optimistic about the future of the crypto market, many investors are still looking for alternatives if this scenario does not materialize.
One 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 looks to capitalize on the momentum sparked by this movement in 2021 during the whirlwind that was GameStop’s brief squeeze.
The Wall Street Memes project has more than 400,000 followers across its social media profiles, highlighting the incredible community support it has.
This support stems from the massive popularity of Wall St Bulls NFT collection, launched in 2021. The collection was an immediate success, selling out within 32 minutes.
According to OpenSea, this 1,861 ETH NFT has been trading since its launch – the equivalent of over $3.3 million.
Now, the Wall Street Memes team has just launched its own token, WSM, which allows community members to potentially benefit from community growth.
ChatGPT is already optimistic about WSM’s prospects, believing its value could explode once it is listed on major exchanges.
Per ChatGPT, WSM was able to ride a wave of excitement and enthusiasm following its exchange listing – pushing the token to as low as $0.15, a “significant increase” from its current price.
Such an event would signal an incredible 500% increase from the ongoing presale price of $0.025 at stage 1, which would rise to $0.0337 at the final presale stage.
Hype has already started building on the prospects for Wall Street Memes, with the project’s official Discord server seeing a large influx of new members.
Adding to the hype, Wall Street Memes’ presale raised a staggering $100,000 within its first 24 hours of airing, demonstrating investors’ desire to get involved while token prices are still low.
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