ChatGPT has become a widely-referenced source for crypto price predictions, providing objective insights to traders worldwide.
However, the model’s latest forecast for $DOGE and $SHIB has surprised traders, leading many to reconsider their previous sentiment toward the coins.
ChatGPT has also identified the new meme coin Wall Street Memes ($WSM) as a token that could be poised to surge once its presale concludes.
ChatGPT Expects Upside Push for $DOGE in Coming Months
Dogecoin, the original meme cryptocurrency, has seen a turbulent few weeks.
After peaking at $0.083 on July 25, $DOGE has declined by over 9% and now trades around the $0.075 level.
Attempts to rally upward have been halted in the past few days, with $DOGE now stuck around the 200-day Exponential Moving Average (EMA) on the daily time frame.
Social media chatter has also died down significantly, with no notable upgrades or use cases driving new hype for the coin.
Additionally, tech tycoon Elon Musk, a long-term admirer of $DOGE, hasn’t brought up the coin recently – removing another source of hype that previously pumped the coin’s value.
However, amid this slump, ChatGPT offered a cautiously optimistic price prediction for $DOGE by year’s end.
The AI model forecast that Dogecoin could reach $0.10 to $0.15 by the end of 2023, representing an upside of between 33% and 100% from the current price.
This price prediction is likely to be warmly received by $DOGE bulls, who have patiently awaited a sustained push for weeks.
Possible Breakout on the Cards for $SHIB, According to ChatGPT
Shiba Inu, the self-defined “Dogecoin killer,” has had a better time of late than $DOGE.
$SHIB has been on a consistent uptrend since June 10, rising 68% in that time frame.
The price has breezed through the 20-day, 50-day, and 200-day EMAs, indicating that $SHIB bulls are firmly in control.
This sustained upwards move comes ahead of the hotly anticipated launch of Shibarium, Shiba Inu’s layer-2 scaling solution built on Ethereum.
The potential of Shibarium has revived interest in the meme coin, which had seen waning trading volumes earlier in the year.
In light of this renewed hype, ChatGPT has provided an optimistic outlook for $SHIB by the end of the year.
Given the current momentum and impending Shibarium launch, the AI model predicted $SHIB could hit $0.000015 to $0.000020 by December 31 – a rally of 50% to 100% from the current price.
While some $SHIB holders have a more cautious outlook, this forecast builds on the growing belief among many in the “SHIB Army.”
ChatGPT Forecasts Breakout Potential After Wall Street Memes Raises $23 Million
Another meme coin that ChatGPT is optimistic about is Wall Street Memes ($WSM), a newly-launched coin that has quickly built substantial buzz.
Wall Street Memes’ presale has already raised over $23 million and is now in Stage 28 of 30, with $WSM tokens priced at $0.0331.
As its name implies, Wall Street Memes’ developers draw inspiration from the legendary r/WallStreetBets community, bringing edgy memes to the crypto world.
The team behind Wall Street Memes is actively preparing for major exchange launches once the presale concludes, with a view to introducing increased liquidity and accessibility.
Moreover, given that Wall Street Memes’ community already comprises over one million people worldwide, social media buzz is mounting rapidly.
Given this strong foundation, ChatGPT expects substantial upside for $WSM in the next five months before 2023 ends.
ChatGPT forecasted that $WSM could reach $0.06 to $0.09 by year’s end, representing 80-170% gains for those who purchase during the current presale stage.
With the hype around $WSM showing no signs of dying down, this token is undoubtedly one to watch as it nears its first exchange listings in the weeks ahead.
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