Altcoin
ChatGPT suggests 6 Altcoins under $1 to buy
OpenAI’s ChatGPT suggests six altcoins, including meme coin sensation Dogeverse and decentralized blockchain project Hedera, to consider investing in in 2024.
The second phase of the bull market is gradually taking shape as prices appear to recover from recent lows. Bitcoin (BTC), the leading crypto asset and the biggest market mover, recently has recovered the $71,000 price territorytriggering an impressive price run in the broader market.
Recall that BTC initially conquered a new historical high above $73,000 in March after the first leg. As altcoins join these rallies, optimism for an impending “altcoin season” has been growing lately. Notably, this phase of the bull market sees altcoins outperforming Bitcoin during a full-blown uptrend.
Some market experts, including veteran analyst Michaël van de Poppe, have done so projected that this phase could materialize when the second phase of the bull market arrives. However, as this anticipation grows, some market participants remain uncertain about the best crypto assets to invest in for optimal returns.
This uncertainty has challenged both experienced and novice investors due to the unpredictable nature of the cryptocurrency market. As a result, we sought insights from ChatGPT, OpenAI’s large language model-based virtual assistant. The chatbot proposed six altcoins under $1 with immense promise worth paying attention to in 2024.
Meme coins under $1 to consider
Dogeverse
List of ChatGPT consists of three new meme coins and three established tokens with proven commercial utility below the $1 threshold. On the meme coin front, the chatbot highlighted Dogeverse, a promising meme coin introduced last month with an impressive offering Initial Coin Startup (ICO) that eventually surpassed $15 million.
The project resides on six different chains, including Ethereum, Solana, Polygon, and Base. This makes it the first meme coin project to launch on this number of networks. The Dogeverse presale is currently nearing completion, with the price currently set at $0.00031 at the time of reporting.
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Sponge
ChatGPT highlighted SpongeV2 as another meme coin to consider. Last year the original Sponge meme coin went from a market capitalization of $1 million to $100 million. In the wake of this success, SpongeV2 was born, an updated version of Sponge. Currently trading for $0.002078, SpongeV2 is already up 8,212% since launch, with room for further growth.
Sealana
Another meme coin on the list is the Sealana project, based on Solana, which has raised over $2 million from its pre-sale so far. Prominent cryptocurrency YouTuber recently advertised as a potential 10x token, stating that it is the latest meme coin on Solana set to see a recovery.
Utility-oriented altcoins under $1 to consider
For investors not completely sold on meme coins, ChatGPT presents three utility-oriented altcoins to consider in 2024.
Ivy (HBAR)
At the top of this list is Hedera (HBAR), which rallied 34% during the first quarter of this year. Trading for $0.1132, HBAR is trying to capitalize on its utility and numerousness partnerships for a more substantial ride on the next stage.
Fetch.ai (FET)
Another altcoin project with observable utility worth considering is Fetch.ai (FET). The token was one of the best performers of the first quarter of 2024, with an increase of 353%. With the AI sector set to expand significantly, FET, an AI-based asset, could see significant price increases on the back of this expansion and drive interest.
Chiliz (CHZ)
Chiliz (CHZ) also made the list, having achieved a 73% price increase in the first quarter of 2024. The project aims to capitalize on its association with the entertainment industry and meaningful partnerships for a peak above the current value of $0.1212.
Despite the promise of significant returns, it is crucial not to consider these suggestions as investment advice due to the volatile nature of the cryptocurrency market. Notably, these altcoins may not see the gains some investors expect.
Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinion of The Crypto Basic. Readers are encouraged to do thorough research before making any investment decisions. Crypto Basic is not responsible for any financial losses.
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