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May proved to be a tumultuous period for crypto investors as the prices of Bitcoin and other cryptocurrencies failed to establish a definitive trend.
Nevertheless, as we enter June, investors are optimistic once more, eagerly anticipating a more stable market that will provide a clear direction for price.
Luckily, ChatGPT is here to help – offering its take on the potential trajectories of some of the biggest coins in the space alongside a few new entrants that could be set to make their mark in the coming weeks.
Bitcoin ($BTC)
It’s no surprise that Bitcoin ($BTC) is the first cryptocurrency to catch ChatGPT’s eye.
Bitcoin fell by nearly 7% in May, ending the bullish momentum showcased in the first four months of the year. However, Bitcoin bulls are hopeful that this is just a minor blip – and that the coin can continue its upwards trajectory in June.
Unfortunately, Bitcoin hasn’t started the month very well, dipping by 2.75% over the past two days.
Nevertheless, ChatGPT remains bullish on Bitcoin's prospects and expects the coin's downtrend to end soon before the bulls retake control.
Per ChatGPT, Bitcoin could reach $32,000 by the end of June. If this occurs, it would represent an 18% increase from today's price and create new yearly highs for the coin.
However, ChatGPT also references the volatility in the market, cautioning that unforeseen events could impact Bitcoin's trajectory.
Ethereum ($ETH)Another cryptocurrency that ChatGPT believes could be set for a positive month is Ethereum ($ETH).
Per CoinGecko, Ethereum is trading around the $1,864 level. Although this is significantly higher than at the turn of the year, the token is still down 61% from November 2021’s all-time high.
Like Bitcoin, Ethereum’s value has been affected by numerous macroeconomic factors, including the ongoing US debt crisis and the lack of clarity around potential interest rate decreases.
These factors have prompted a bearish wave to wash over $ETH recently, with the token trading 13% lower than mid-April's peak.
The good news for $ETH bulls is that ChatGPT believes this bearish wave is only temporary – with OpenAI’s model speculating that the token could soar to $2,100 by the end of June.
This would be around 12% higher than the current price, putting Ethereum above the crucial $2,000 resistance zone for the first time in over a month.
Ripple ($XRP)
Ripple ($XRP) has been one of the few cryptocurrencies that have defied the odds and created a sustained uptrend over the past few weeks.
Since May 16, the $XRP price has rocketed by 21% as optimism rises regarding the outcome of the ongoing SEC vs. Ripple lawsuit.
Reports have recently emerged indicating that the tide may be turning in Ripple’s favor – a hugely bullish signal for $XRP.
Not only that, but $XRP recently soared past the vital resistance level at $0.50 and appears to be re-testing it from the other side – potentially using it as a new support level.
This price action has got investors buzzing, with many speculating that $XRP could reach (or even exceed) the high of March 29 before the end of the month.
ChatGPT believes this is possible, estimating that $XRP could hit $0.58 in the next few weeks. This would coincide with the previously-mentioned high and provide returns of approximately 15% for those who opted to invest today.
Wall Street Memes ($WSM)
Given the stature of cryptos like Bitcoin, Ethereum, and Ripple, it’s no surprise that those are the ones that have piqued ChatGPT’s interest the most.
However, ChatGPT has also highlighted two new projects that could be set for success in the latter half of the year.
The first of these projects is Wall Street Memes ($WSM) – a viral-ready meme coin that has achieved remarkable success through its recently-launched presale.
After launching last Friday, Wall Street Memes’ presale has already amassed over $2.2 million in funding, leading many to speculate that the project could hit its hard cap of $30,577,000 in the coming months.
The hype around Wall Street Memes has already reached fever pitch, with investors excited about the way that the development team is "tokenizing" the community.
This community, which stands at over 1.1 million people, is firmly ingrained in the meme subculture on the internet – and Wall Street Memes’ team aims to tap into this and empower $WSM holders to benefit financially.
The project’s unique approach has been warmly received by ChatGPT, with the model predicting big things for $WSM in the next few months.
According to ChatGPT, the $WSM token could reach a value of $0.15 by the end of the year. This would be a whopping 472% higher than the current presale price.
Investors looking to purchase $WSM through the presale can use $ETH, $USDT, $BNB, or credit/debit card – with no minimum investment threshold.
Visit Wall Street Memes Presale
yPredict ($YPRED)
Lastly, crypto analytics sensation yPredict ($YPRED) is also catching the eye of ChatGPT.
Like Wall Street Memes, yPredict is a brand-new project that is still in its presale phase, yet has also been an instant success, raising nearly $2 million from early investors.
The investment community is buzzed about yPredict’s comprehensive analytics suite, which aims to give traders the “edge” in the ever-changing crypto market.
Alongside an array of cutting-edge trading tools, yPredict will also have a sophisticated marketplace where traders can access advanced financial models created by AI specialists.
yPredict will even boast its own lightning-quick trading terminal – ensuring everything that a trader might need is located in one place.
This first-of-its-kind system has led ChatGPT to be highly bullish on yPredict's prospects for the remainder of 2023.
As noted by ChatGPT, the rising interest in blockchain technology and the analytics sector could see $YPRED, yPredict’s native token, soar to $0.35 by the end of the year.
This would be a 288% return for those who opt to invest during Stage 6 of the presale, which is currently offering $YPRED tokens for just $0.09.
DISCLAIMER: This is not to be taken as investment advice. Crypto is a volatile asset, do your own research before investing and only invest money you can afford to lose. We may receive commission for clicking links in this article.
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