ChatGPT told us what to invest in in November

After October, which brought an ascent to the entire cryptocurrency market, November, according to leading indicators, changed sentiment from neutral to bullish.

It is noteworthy that since October 1, the total capitalization of the cryptocurrency market has increased by 18% to the current $1.33 trillion. 30 days ago, TradingView’s CRYPTOCAP index recorded a market capitalization of $1.056 trillion.

In the context of the bullish rally, the CoinMarketCap Fear and Greed Index registers greed at 72 points. This indicates that people are choosing cryptocurrencies for investment, although there is no guarantee that the upward trend will continue in the short term.

ChatGPT would invest in 3 cryptocurrencies in November

The ChatGPT-4 API chatbot was asked to provide information about cryptocurrencies that are worth investing in in November 2023. The choice is quite expected.

Bitcoin (BTC)

Number one on the AI ​​list was Bitcoin (BTC), the top cryptocurrency with a market cap of $673.62 billion, trading at $34,428. Over the month, BTC is up 21.6% from its price of $28,311 on October 1st.

Despite the volatility, Bitcoin’s market leadership and widespread adoption offer long-term growth potential. Trends show an increase in institutional investment. – ChatGPT-4

Ethereum (ETH)

In second place among the recommendations, the AI ​​placed the second largest market capitalization crypto asset with a capitalization of $216.23 billion. The current price of Ethereum (ETH) is $1800.4, the daily dynamics of the cryptocurrency is negative by 0.1%, the weekly plus is 0.2. A month ago, ETH was valued at $1,726.

Ethereum, which is the base for various DeFi projects, is showing steady growth. – ChatGPT-4

Polkadot (DOT)

Interestingly, the third choice was Polkadot (DOT), ranked 15th with a capitalization of $5.68 billion. DOT is currently trading at $4.35, showing a modest increase of 2.8% compared to the October 1 price of $4.23 .

Polkadot’s emphasis on interoperability makes it unique. Its active development and growing ecosystem of cross-chain projects increase its future value. – ChatGPT-4

ChatGPT considers the three mentioned cryptocurrencies to be good investment options in November, but the situation in the cryptocurrency market can change quickly.

Source: Cryptocurrency

You may also like