As cryptocurrency opportunities arise, investors do their research to find out the probability of getting high returns from the projects. The advent of the Chat Generative Pre-trained Transformer (ChatGPT), the AI chatbot that uses natural language processing to create humanlike conversational dialogue, has changed the face of automation and productivity.
It has also proven itself as a research tool for predicting the future of cryptocurrency investments. Its recent predictions as they relate to two memecoins, Dogecoin (DOGE) and Shiba Inu (SHIB), and the AI-related cryptocurrency, InQubeta (QUBE), have raised the eyebrows of altcoin investors.
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ChatGPT Forecast for Dogecoin
Amid the many struggles top cryptocurrencies face, Elon Musk’s recent payments license acquisition for X (formerly Twitter) triggered a significant pump, as many observers see Elon Musk as being affiliated with the DOGE memecoin.
The new advancement of X, along with the fundamental events that are expected to activate bullish movements, position DOGE to reclaim a higher price. However, ChatGPT has its prediction for the pioneering memecoin, which paints a bright future despite the uncertainty circling it in the past month.
As of this writing, DOGE exchanged hands at $0.06, and ChatGPT foresees that 2023 will see the price range from $0.30 to $0.50. The AI chatbot attributes the expected price levels to the Dogecoin community engagement and what it called the “Musk effect”.
Shiba Inu and ChatGPT’s foresight
Since its arrival on the Web3 scene in August 2020, Shiba Inu (SHIB) has been closely watched as it came on board with many expectations. Interestingly, while it has followed the market’s gloomy trajectory, investors still observe it, particularly as it experiences on-chain upgrades and development.
Once again, turning to ChatGPT while checking out the market analysis gives investors a glimpse into the bot’s foresight for the memecoin. Stating regulatory concerns as playing a pivotal role in the future price tags of SHIB, ChatGPT mentions no specific figure as a price projection in the coming stretches of time.
Despite merely stating that 2024 could see SHIB attain a higher price than it achieved in 2023 and possibly a new all-time high (ATH), it foresees 2028 as a year when substantial gains due to growth in adoption and utility could become obvious for Shiba Inu, even with the familiar factor of volatility.
ChapGPT and the InQubeta (QUBE) outlook
InQubeta entered the DeFi space on a grand scale, making the investors in the crypto landscape sit up and take notice. However, this attention also came with questions regarding its future and success. Despite raising over $2.6 million so far in its ongoing presale, questions have been entered into ChatGPT’s dialogue box regarding the QUBE outlook.
Projecting based on the novelty and disruptive tendencies of the InQubeta design, the chatbot presented an outlook where the launch of the QUBE token could see as much as a 40x price rise from the current $0.0133 at stage 4 of the presale before the year’s end, of course this is not a guarantee and the market conditions would need to be right.
Savvy investors would always do the necessary research before taking risks in any type of investment; this is much more necessary in the cryptocurrency ecosystem with its descriptive volatility. However, when a new token arrives in the space, there are higher levels of cynicism. This might be the case with InQubeta.
InQubeta combines the disruptive properties of AI and blockchain technologies to build a crowdfunding platform for AI startups powered by the QUBE token.
The outlook for QUBE by ChatGPT stems from its utility in the NFT marketplace in the InQubeta ecosystem, where qualified AI startups will raise funds by minting investing opportunities and tokenizing them as equity-based fractionalized NFTs for investors with the QUBE token to purchase based on their ability.
By supporting the AI industry by reducing the barrier to funds for AI startups and helping beginner investors support the projects they believe in as much as their pockets allow, QUBE serves multiple use cases, which ties in with the outlook by ChatGPT.
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