The post Google Bard picks 5 cryptocurrencies to buy in December appeared on BitcoinEthereumNews.com.

After Google released its advanced chatbot, which garnered attention for its artificial intelligence (AI) capabilities, the technology has rapidly showcased its potential across diverse industries, including offering valuable insights to investors. In a bid to explore potential cryptocurrency profitability, Finbold tasked Google Bard to identify five cryptocurrencies based on their price performance and potential return to investment (ROI). Bitcoin (BTC) Bitcoin (BTC) is the original and most well-known cryptocurrency and “has a long track record of success and is considered a relatively safe investment. It’s also the most liquid cryptocurrency, meaning it is easy to buy and sell,” according to Google Bard.  The cryptocurrency is currency trading at $39,437, and it’s up over 132% in the last year. It has a market cap of $771.3 billion. BTC year-to-date price performance. Source: Finbold When asked why Bitcoin was included in the list, the Google Bard wrote: “Bitcoin has a finite supply of 21 million coins, which means that it is not subject to inflation like traditional currencies. This scarcity makes Bitcoin a valuable store of value. Also, it is powered by blockchain technology, which is a distributed ledger that is very secure and resistant to fraud. However, it’s volatile and subject to regulations.” Ethereum (ETH) Ethereum is the second-largest cryptocurrency by market capitalization. It is a platform for decentralized applications (dApps) and is also home to non-fungible tokens (NFTs), which are unique digital assets.  The cryptocurrency is currency trading at $2,164, and it’s up over 70% in the last year. It has a market cap of $260.2 billion. ETHyear-to-date price performance. Source: Finbold “Ethereum has pioneered numerous blockchain innovations, establishing a commanding first-mover advantage in crucial domains like non-fungible tokens (NFTs) and decentralized finance (DeFi). However, its relatively low transaction throughput of 15 TPS remains a concern, potentially limiting its ability…

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Filed under: News - @ December 3, 2023 12:22 pm