ChatGPT has recently turned the world upside down, especially the cryptocurrency industry. The conversation about the opportunity offered by artificial intelligence has been making the rounds on social media platforms like Twitter.
It’s just not that, some have already started using ChatGPT to trade their cryptocurrencies to get real-time prices and future price predictions. ChatGPT gives the possibility to chat where questions are asked and answers are given in real time.
Bitcoin leads the list
One of them was a closely followed crypto analyst named Mr. Huber, where he asked ChatGPT to name the top 10 cryptocurrencies based on utility and decentralization. He also included the third factor, the likelihood of enforcement action by the SEC, and all of those factors on a scale of 0% to 100%.
From the above result, we can say that Bitcoin is at the top of the list followed by Ethereum, Binance Coin, Cardano among others. According to ChatGPT, Bitcoin’s utility ranged at 95%, while decentralization and SEC enforcement action probability reached 95% and 30%. The AI then claims that one of the reasons Bitcoin has to face SEC action is market manipulation.
Interestingly, it can be observed that even the King meme, Dogecoin, made it to the list with 50% utility and 10% decentralization and SEC action. However, users seem to have not accepted the result on a positive note as one of them stated the BTC utility at 95%, what a joke.
On the other hand, the crypto market turned bearish where Bitcoin once again rebounded towards the $23,000 area. The flagship currency has been hovering between $23,000 and $24,000 since early February. Additionally, Bitcoin was rejected twice at $25,000. Currently, Bitcoin is selling at $23,769 after falling 1.71% in the last 24 hours.