Altcoins
ChatGPT Suggests Buying 6 Altcoins Under $1
OpenAI’s ChatGPT suggests six altcoins, including coin sensation Dogeverse and decentralized blockchain project Hedera, to consider investing in 2024.
The second phase of the bull market is gradually arriving as prices seek to recover from recent lows. Bitcoin (BTC), the leading crypto asset and biggest market mover, recently reclaimed $71,000 price territorytriggering an impressive price rise in the broader market.
Recall that BTC initially landed a new record level above $73,000 in March following the first leg. As altcoins join these rallies, optimism that “altcoin season” is imminent has been growing of late. Notably, this phase of the bull market implies that altcoins outperform Bitcoin during a true market uptrend.
Some market experts, including veteran analyst Michaël van de Poppe, have projected that this phase could materialize during the second stage of the bull market. However, as this anticipation grows, some market participants remain uncertain about the best crypto assets to invest in for optimal returns.
This uncertainty has rattled seasoned and newbie investors alike due to the unpredictable nature of the crypto market. As a result, we sought information from ChatGPT, OpenAI’s large language model-based virtual assistant. The chatbot offered six altcoins under $1 with immense promise worth watching in 2024.
Meme Coins Under $1 to Consider
Dogevers
ChatGPT List consists of three new meme coins and three established tokens with proven utility trading below the $1 mark. On the meme coin front, the chatbot highlighted Dogeverse, a promising meme coin introduced last month with an impressive initial coin offering (ICO) that ultimately topped $15 million.
The project resides on six different chains, including Ethereum, Solana, Polygon and Base. This makes it the first meme coin project to launch on so many networks. The Dogeverse presale is currently nearing its conclusion, with the price currently set at $0.00031 at the time of reporting.
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Sponge
ChatGPT highlighted SpongeV2 as another coin to consider. The original Sponge meme coin went from a market cap of $1 million to $100 million last year. Building on this success, SpongeV2, an improved version of Sponge, was born. Currently trading at $0.002078, SpongeV2 is already up 8,212% since launch, with room for further growth.
Sealana
Another coin on the list is the Solana-based Sealana Project, which has so far raised over $2 million from its pre-sale. Prominent crypto YouTuber recently praised This is a potential 10x token, claiming this is the latest meme coin on Solana ready to record a recovery.
Utility Altcoins Under $1 to Consider
For investors who aren’t entirely sold on meme coins, ChatGPT presents three utility altcoins to consider in 2024.
Hedera (HBAR)
Topping the list is Hedera (HBAR), which is up 34% during the first quarter of this year. Trading at $0.1132, HBAR looks to capitalize on its utility and numerous partnerships for a more substantial run in the next stage.
Recover.ai (FET)
Another altcoin project with observable utility worth considering is Fetch.ai (FET). The token was one of the best performers in the first quarter of 2024, rising 353%. With the AI industry set to expand significantly, FET, an AI-based asset, could see significant price gains from this expansion and increase interest.
Chiliz (CHZ)
Chiliz (CHZ) also made the list, after securing a 73% price hike in the first quarter of 2024. The project aims to leverage its association with the entertainment industry and meaningful partnerships for a peak above the current value of $0.1212.
Despite the promise of significant returns, it is imperative not to consider these suggestions as investment advice due to the volatile nature of the cryptocurrency market. Notably, these altcoins might not see as many gains as some investors imagine.
Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinions of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. Crypto Basic is not responsible for any financial losses.
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