Altcoins
If you invest $1000 in this ChatGPT altcoin wallet, you will make this amount of profit
THE cryptocurrency market is likely preparing for a prolonged crisis bullfight directed by Bitcoin (Bitcoin), who is seeking to recover the $70,000 resistance area.
In the current price movement environment, some altcoins are experiencing a steady rise in value, providing an excellent entry opportunity.
In preparation for the upcoming altcoin season, Finbold initially consulted OpenAI artificial intelligence platform, ChatGPTon December 2, 2023, to gather information on which coins and tokens are likely to see significant returns when altcoin season begins.
Performance of ChatGPT’s altcoin wallet
The recommended AI platform investments In Ethereum (ETH), Peas (POINT), And Solana (GROUND). Since then, the cryptocurrency market has seen significant movements, and those who followed ChatGPT’s advice have seen notable returns on their investments.
ChatGPT altcoin picks for the upcoming altseason. Source: Finbold
Ethereum was trading at $2,087 on December 2. As of today, July 22, the second crypto Ethereum’s market cap is trading at $3,485, which represents an increase of approximately 67%. It is worth noting that Ethereum continues to show potential for further gains, given that the market is anticipating the launch of the Ethereum Spot Exchange Traded Fund (FNB) in the USA.
On the other hand, Polkadot was trading at $5.4 on December 2 and is now trading at $6.26, marking an increase of approximately 15.93%.
Solana was trading at $59 on December 2nd and today it is trading at $178, an increase of about 201%. Indeed, SOL has been helped in part by network-specific catalysts, such as the significant interest in meme coins launched on the platform.
Cryptocurrency portfolio performance
To evaluate the performance of this portfolio, assume that an initial investment of $1,000 is split evenly across the three altcoins. This means that $333.33 was invested in each altcoin. For Ethereum, an initial investment of $333.33 would have purchased approximately 0.1597 ETH, worth approximately $556.01 today.
With Polkadot, the initial investment would have bought about 61.73 DOT, worth about $386.43 today. For Solana, the initial investment would have bought about 5.65 SOL, worth about $1,006.70 today.
Adding up the current values of each investment, the total value of the portfolio today is approximately $1,949. This means that the initial investment of $1,000 generated a profit of $949, or a return of 94.91%.
As a result, investors who followed ChatGPT’s altcoin portfolio recommendation on December 2nd nearly doubled their initial investment. It is worth noting that during this period, altcoins have seen significant price increases, aligning with Bitcoin’s all-time high recorded in early 2024 following the approval of the first Bitcoin ETF in the USA.
Disclaimer: The content of this site should not be considered investment advice. Investing is a speculative activity. When you invest, your capital is at risk.