2023 has been a great year for the cryptocurrency market as it recovers from the bear market of 2022. We are now entering 2024, where investors expect the bull market to continue. Investors are already searching. AI selects 3 promising altcoins for the start of 2024 by investor type
We asked artificial intelligence to make 3 choices based on investor profile
ChatGPT initially names Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) as three promising cryptocurrencies for 2024. However, these are already among the top four projects by market value. We wanted artificial intelligence to go even further. Therefore, in the second request we asked:
You are a financial analyst. Choose a promising altcoin to invest in at the beginning of 2024 for three different investor profiles. Investor profiles: Conservative, aggressive and very aggressive. Focus on cryptocurrencies with good fundamentals, promising demand, and relatively low valuations based on your recent data.
ChatGPT’s promising altcoin picks for 2024
Artificial intelligence announced that its latest data is from early 2023. Therefore, he advised investors to be careful. Still, the ChatGPT-4 Turbo model singled out Cardano (ADA), Algorand (ALGO), and Horizon (ONE) as promising cryptocurrencies for 2024.
Altcoin for conservative investors: Cardano (ADA)
Cardano prides itself on a research-driven design approach. It also aims to create a more balanced and sustainable ecosystem. It supports smart contracts. It has similar features to Ethereum, but emphasizes a more secure and scalable infrastructure. Cardano has a large community. Additionally, it positions itself as an environmentally friendly option thanks to its proof-of-stake consensus mechanism.
Cryptocurrency for aggressive investors: Algorand (ALGO)
Algorand aims to compete with Ethereum in terms of smart contracts and decentralization. It prides itself on its high-speed transactions and low fees. It uses a unique consensus mechanism known as Pure Proof of Stake (PPoS). Its developers also designed it to handle high volumes of transactions. This makes it a promising option for corporate and financial applications.
A lot aaggressive yinvestorfor s altcoin: Harmony (ONE):
Harmony focuses on blockchain scaling without compromising decentralization and security. It implements 2sharding, which provides high throughput and low latency. Harmony’s mainnet hosts various decentralized applications. Additionally, its token is used for governance and transactions. As an emerging altcoin project, it has significant growth potential. But it also carries higher risks.
All things considered, these models are not fault-tolerant. Therefore, ChatGPT’s selections should not be taken as investment advice. Notably, the models are limited to publicly available data and context. He reproduces all this in a summary manner and is prone to errors. It is useful to evaluate these choices to give an idea. For this reason, cryptokoin.com As, we always recommend that investors do their own research.
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