ChatGPT Analyzes Which Altcoin Will Have the Best Performance by the End of 2024 (Hint: It’s Not Ripple (XRP))

TL;DR

ChatGPT highlighted Ethereum (ETH) as the main contender for a strong rally in the following months (among altcoins). Surprisingly, the chatbot did not list Ripple (XRP) as one of the potential winners. The Complete List

2024 has so far been a very successful year for numerous altcoins, whose prices soared substantially. Despite the volatile situation in the crypto market recently, several analysts believe that the altcoin season could be just around the corner.

As such, we decided to ask ChatGPT which digital currencies, other than bitcoin (BTC), have the best chance to thrive in the remaining months of the year.

The AI-powered chatbot began the prediction with a disclaimer that a possible bull run is “highly speculative” and based on positive market sentiment, technological developments, regulatory environment and other factors.

He later outlined six altcoins that could perform the best until New Year’s Eve, starting with the largest in terms of market cap: Ethereum (ETH):

“Due to its widespread use in DeFi, NFT and smart contracts, it remains a leading contender. Ethereum has the potential to perform well in the remaining months of 2024, but the outcome will largely depend on the interaction between technological progress, market sentiment and macroeconomic conditions.

The chatbot continued, touching on Solana (SOL) and Polkadot (DOT). He singled out Solana for its high-speed and low-cost transactions, stating that further progress in its ecosystem could benefit the price of the native token. For its part, Polkadot focuses on interoperability between different blockchains.

“Polkadot’s unique architecture allows different blockchains, called parachains, to run in parallel and interoperate. As more parachains are published and release their mainnet functionalities, it could attract more developers, projects and users in the Polkadot ecosystem, driving demand for DOT,” the prediction reads.

Chainlink (LINK), Cardano (ADA) and Avalanche (AVAX) are the remaining altcoins. According to ChatGPT, the potential rise of Cardano will mainly depend on the successful implementation of vital updates within the ecosystem.

Next up is the Chang Hard Fork, which focuses on full decentralization and community-driven governance. Although it was originally scheduled for the main network on August 27, it was later rescheduled for September 1.

The Disappeared

It is worth mentioning that ChatGPT did not include Ripple’s XRP in its list of possible benefits for the near future. The asset was worth about $0.61 on January 1, 2024, while it is currently trading around $0.58, representing a 5% year-to-date (YTD) decline.

The price of XRP has been mainly affected by the developments in the legal battle between Ripple and the US SEC.

For example, it shot up 20% in early August when Judge Torres ruled that the company must pay a $125 million penalty for violating certain securities laws. Many industry participants interpreted the decision as a major victory for the company, considering that the fine is only a fraction of the regulator’s initial request of $2 billion.

Both sides have until early October to appeal the ruling. It will be interesting to see if any of them will continue this move and if it will lead to more volatility for XRP.

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