We Asked ChatGPT How High Floki, Shiba Inu, DogWifHat, Pepe and Dogecoin Price Can Go in 2024
We just asked ChatGPT how high Floki (FLOKI), Shiba Inu (SHIB), Dogwifhat (WIF), Pepe (PEPE) and Dogecoin (DOGE) prices could go in 2024 and it gave a very surprising set of answers.
Floki, Shiba Inu, Dogwifhat, Pepe and Dogecoin are the five biggest and best-known meme coins, as per CoinMarketCap.
And over the course of the last month, the meme coin market has been on a tear.
The Dogecoin price has doubled, while FLOKI, SHIB, WIF and PEPE have gained between 3-9x.
The pump comes in wake of the Bitcoin price pushing to fresh record highs above $70,000 on huge ETF inflows.
And with many anticipating that Bitcoin could vault beyond $100,000 in 2024, the meme coin rally could have legs.
That is certainly the view taken by ChatGPT.
“Meme coins have been gaining significant traction lately, and there are several reasons why they could potentially see even greater percentage gains than Bitcoin,” ChatGPT told analysts at Cryptonews.com.
The chatbot then proceeded to explain why community strength, social media presence, market sentiment and a low entry barrier could all contribute to meme coin upside:
Regarding potential market caps, ChatGPT gave some bullish projections.
Of course, with a market cap of last around $3.12 billion, ChatGPT appears to have malfunctioned somewhat when predicting Dogwifhat’s potential upside.
But the trend is clear. The chatbot thinks the major meme coins could yet post gains of 2-3x.
ChatGPT did warn, however, “it’s important to note that predicting cryptocurrency prices and market caps is highly speculative and subject to various factors such as market dynamics, regulatory changes, technological developments, and investor sentiment”.
The above-mentioned meme coins all have their upside potentials limited by
