Investors are the biggest cryptocurrency The exchange Binance is facing times of turmoil. So now they’re wondering what’s next on the horizon.
With fear rising, top 100 altcoin Most of them were withdrawn last week. Recently, many have lost a significant portion of their November gains. In light of this, investors are looking for potential opportunities amid the fear, uncertainty and doubt (FUD) affecting the market. calling.
😟 Fear sentiment is creeping in after two thirds of the top 100 #altcoins have retraced over the past week. Particularly in the past hours, several have lost a large chunk of their November profits. if #FUD becomes prominent #buythedip Opportunities should be worth exploring. pic.twitter.com/RU44XwJyyj
— Santiment (@santimentfeed) November 27, 2023
Artificial intelligence was asked about assets that could be a safe haven for investors in the coming times. In this context, ChatGPT recommended 5 crypto assets to watch in December based on market trends and analysis.
Bitcoin (BTC)
Unsurprisingly, AI, Bitcoin(BTC) as the top pick among cryptos to buy next month as it experienced a positive change of over 8% in the previous 30 days.
News that the ETF would be approved by the SEC in the near future increased investors’ optimism last month. In this context, the inclusion of major industry players such as BlackRock would represent a significant milestone in the integration of digital assets into mainstream finance.
In addition to the industry acknowledging the importance of this digital asset, there is a growing amount of news about government factors looking to implement BTC as a financial instrument in some form.
JUST IN 🚨 CHINA #BITCOIN
CHINA IS SERIOUSLY INTERESTED IN #BITCOIN & CRYPTO
Interactive Brokers secures approval to provide #Bitcointrading services to retail clients in 🇭🇰 Hong Kong . pic.twitter.com/qZL4LhHeyO
— BITCOINLFG® (@bitcoinlfgo) November 27, 2023
Ethereum (ETH)
The next pick is the one that extends the positive momentum of the previous weeks and successfully overcomes the critical resistance zone. Ethereum (ETH).
ChatGPT has “shown impressive growth since its inception, given its ability to deploy decentralized applications. “Its competition with Bitcoin and its significant market cap make it an important cryptocurrency to watch.” He predicted.
ETH recently broke the resistance range between $1,982 and $2,044. Notably, 1.67 million crypto wallets purchased 38.73 million ETH, allowing it to aim for more significant gains soon.
Binance Coin (BNB)
Despite Changpeng Zhao’s departure, Binance (BNB) is still a leading cryptocurrency exchange. As a result, Binance Coin is AI’s third pick for next month’s acquisition.
ChatGPT states:
Originating from Binance, the world’s largest crypto exchange, BNB has experienced significant growth since moving to Binance Chain. Its growth rate and market cap make it a notable cryptocurrency.
The rapid response to legal issues was highlighted in the appointment of Richard Teng, who quickly touted Binance’s commitment to its core values of customer protection and continuous improvement of its platform.
I’ll be doing lots of talking over the next few weeks. Interviews, events, AMAs & more. Look forward to meeting many of you soon.
One point to reinforce now – #Binance ‘s core values will not change. We remain focused on protecting users & building a platform people love to use.
— Richard Teng (@_RichardTeng) November 24, 2023
Another solid indicator is that despite a significant $1 billion outflow from Binance, on-chain data points to a rapid recovery. Interestingly, the numbers are in line with Binance’s typical daily patterns, alleviating concerns about its financial stability. According to a post by Nansen on November 22, liquidity, which initially decreased by 25%, is now showing positive signs of recovery.
Anyone can monitor @binance and other CEXs token holdings (proof of reserves) using Nansen Portfolio to see their daily Asset Worth (balance changes)
This combines token outflows and price changes
Yesterday for Binance this was a -$1.7B drop from the previous day pic.twitter.com/HpXXWrL2cs
— Nansen 🧭 (@nansen_ai) November 22, 2023
Tether (USDT)
The leading stablecoin Tether (USDT) is used by crypto traders to make seamless transfers between cryptocurrencies. Additionally, it is widely used to convert investments to or from fiat currencies. Its value is pegged to the US dollar. This is one reason why it is the fourth pick to buy by ChatGPT.
ChatGPT commented about Tether:
Tether (USDT): As a USD-pegged stablecoin, Tether offers a less volatile option in the crypto market. Its stability in a generally volatile market makes it an interesting option to consider.
Recent news that Tether and its affiliated crypto exchange Bitfinex have chosen to no longer oppose a Freedom of Information Act (FOIL) request initiated by journalists marks a positive sign following accusations of a lack of transparency regarding the verifiability of the alleged fiat reserve.
Solana (LEFT)
solana (SOL) has low transaction costs and rapid scaling. That’s why he earned AI’s fifth pick for next month’s acquisition.
A new analysis published by CoinEX Global on November 24 highlights and explains the main reasons behind the strong SOL performance in the previous period. The rise in SOL and related asset prices has attracted increased capital inflows into the Solana-based protocol ecosystem. This, combined with the strong performance of its projects (dePIN, DeFi), has paved the way for solid performances in the future.
1/ Exciting times for the Solana community as we delve into the post-Breakpoint era! 🌐 Solana Breakpoint 2023 in Amsterdam was a game-changer, fueling a massive 140% surge in $LEFTand an overall ecosystem rebound. 📈 Let’s break down the highlights! pic.twitter.com/cF2Na7a97O
— CoinEx Global (@coinexcom) November 24, 2023
The cryptocurrency sector is open to short-term volatile movements. Therefore, it is very important to make the necessary fundamental and technical preparations when deciding on your next investment.