The use of AI in the crypto space has increased in recent months, with tools like ChatGPT topping the list. We have asked ChatGPT to forecast the prices of three alt coins: Aptos, Meme Moguls, and Shiba Inu, for Q1 2024. Let’s look at the result.
What you'll learn 👉
Aptos (APT) Price Analysis
Aptos (APT), a Solana competitor, has witnessed huge growth towards the end of December. The cryptocurrency reached an all-time high of $19.90 on January 30th, but its price later dropped to as low as $4.8341 by October 13th. This fall represents a period of price declines caused primarily by early investors profitably selling off their shares.
According to Cryptorank data, Aptos had more negative than positive months this year. Despite a tremendous 384.1% increase in January, the token fell under negative pressure in the months that followed. However, things started to improve in October, when Aptos completed the month with a 28.4% increase in value.
Aptos coins are worth between $7.70 and $10.67 on a weekly basis as of December. The token had risen 27.7% and 36.5% in the past 7 days and 30 days, respectively. ChatGPT has forecasted that the ERC20 token will reach $21.30 in the first quarter of 2024.
Shiba Inu (SHIB) Burn Continues, ChatGPT Predict Price Rally
The Shiba Inu (SHIB) community remains committed to its token burn strategy. Over the last week, 17,159,382,867 SHIB coins were delivered to dead-end wallets, according to a recent tweet. This action increased the burn rate of the Shiba Inu by 98.7%. Notably, the Shiba Inu team was in charge of destroying more than 90% of the 17.1 billion tokens.
During this time, they carried out two large fires, each totaling more than 8.5 billion SHIB. Meanwhile, Shiba Inu’s marketing expert, Lucie, has informed the community about an upcoming major upgrade.
The upgrade, which will occur in January, will enable the SHIB team to automate the Shiba Inu burn process. In other news, the Shiba Inu coin is bullish this week.
The token has increased from a weekly low of $0.00001001 to a high of $0.00001124. The price of Shiba Inu has increased 5.3% and 29.8% in the last week and month. ChatGPT has forecasted a rally to $0.00002112 in Q1 2024.
Meme Moguls (MGLS): ChatGPT Predicts 100x Price Increase
Meme Moguls (MGLS) is not just another memecoin; it is a play-to-earn token with utility. Presently, the Meme Moguls coin, MGLS, is priced at $0.0025. ChatGPT has forecasted a staggering 100x increase in its price by the first quarter of 2024.
The blockchain ICO is looking to carve out a unique space in the gaming world, offering more uses than typical meme coins. Its gaming platform is not just for play; it also serves as an educational resource for learning about investing and building wealth.
In the game, players start with a virtual balance of $100,000. This virtual balance gives them a chance to test and perfect their investment strategies. Adding to the excitement, the profits earned in the game’s challenges can be converted into actual coins. Furthermore, they can withdraw these coins.
Moreover, the blockchain ICO has put in place a special rule to encourage players to diversify their investments. This rule limits players from investing more than 20% of their virtual funds in any single investment. As a result, players adopt a more balanced investment approach to the game.
Conclusion
ChatGPT’s price forecast for the three alt coins – Aptos, Meme Moguls, and Shiba Inu has been bullish. Still, ChatGPT has picked the presale token, Meme Moguls, as a top option to consider.
Apart from being a memecoin, it is also a play-to-earn token. Per the research, the Play-to-Earn NFT Games Market would be worth $3.6 billion by 2028, signaling the huge potential for the ERC20 token, MGLS.
Learn more about the $MGLS here:
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