Dogecoin (DOGE) and Shiba Inu (SHIB) are both down in 2023, with investors eagerly awaiting a rebound.

As meme coins, their trajectories are often hard to predict – yet we employed the help of ChatGPT to obtain insights into their future price movements.

In this article, we reveal ChatGPT’s thoughts on whether Dogecoin or Shiba Inu will ever hit $1 before highlighting an alternative meme coin that the AI model believes could be set to pump before the end of the year.

Top Meme Coins Face Market Challenges as Negative Sentiment Weighs on Price

Dogecoin and Shiba Inu remain the world’s top two meme coins, yet it has been a challenging few months for both.

The coins have suffered from waning investor enthusiasm and negative sentiment throughout the broader crypto market, contributing to bearish price action.

Additionally, newer meme coins like Pepe (PEPE) have taken the spotlight in 2023, producing far higher returns than DOGE and SHIB.

Nevertheless, Dogecoin and Shiba Inu still have a combined market cap of over $13 billion and are responsible for more than $320 million in daily trading volume.

This means that, despite their recent challenges, both coins remain major players in the crypto market.

Does ChatGPT Believe DOGE or SHIB Can Ever Reach $1?

Given that context, ChatGPT gave a surprising prediction for whether Dogecoin or Shiba Inu will ever hit the fabled $1 milestone.

According to ChatGPT, Dogecoin reaching $1 is much more feasible, given the respective prices of the coins.

For Dogecoin to reach $1 from its current price of $0.062, it would require a 1,613% increase, which ChatGPT believes could happen with a massive influx of investment, strategic partnerships, or a major endorsement.

However, ChatGPT did note it would still require a “perfect storm” of positive events for this to occur.

For Shiba Inu, reaching $1 from its current price of $0.0000072 would require a jaw-dropping 13,888,900% surge.

Unsurprisingly, ChatGPT believes this is less probable than Dogecoin hitting $1, as it would require enormous global adoption and a huge change in tokenomics.

While ChatGPT notes that both coins have potential, the AI model states that any highly optimistic forecasts for DOGE or SHIB should be approached with caution.

Which Other Meme Coins Does ChatGPT Believe Could Pump?

Although it might be unlikely that Dogecoin or Shiba Inu ever reach $1, that doesn’t mean that ChatGPT doesn’t see potential in other meme coins.

For example, ChatGPT has highlighted the trending presale project Wall Street Memes as a coin that could experience significant growth soon.

ChatGPT Believes WSM Could Surge 641% After Tier-1 Exchange Listings

Wall Street Memes (WSM) has been one of 2023’s breakout stars, raising over $25 million in funding since launching its presale at the end of May.

Much of this presale momentum can be attributed to Wall Street Memes’ colossal online community, which comprises over one million “degens” worldwide.

As its name implies, Wall Street Memes draws inspiration from the infamous WallStreetBets community on Reddit, which made a name for itself by disrupting the financial markets in 2021.

However, Wall Street Memes’ team isn’t just banking on its indirect link to WallStreetBets – the team behind the token has also created a high-yield staking protocol for investors.

Per the WSM staking dashboard, investors can lock up their tokens and earn estimated rewards of 55% per year.

The launch of this staking protocol, combined with the considerable presale raise, has led to WSM being ranked first on CoinSniper’s list of upcoming crypto launches.

Given the ongoing hype around WSM’s upcoming exchange listings, scheduled for September 27, ChatGPT forecasts that the token could experience an immediate post-listing price pump.

If the team keeps up community engagement and development and the broader crypto market begins rebounding, ChatGPT believes that WSM could potentially reach $0.25 by the end of 2023 – or even higher.

Should this forecast prove accurate, it would represent a staggering 641% increase from the current presale price.

Visit Wall Street Memes Presale

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The post We Asked ChatGPT Whether Dogecoin or Shiba Inu Will Hit $1 – Why It Thinks WSM Could Explode appeared first on CryptoPotato.

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Filed under: Bitcoin - @ September 21, 2023 2:06 pm