The new year is approaching. Artificial intelligence platform Google Bard has once again demonstrated its capacity to analyze trends in the cryptocurrency market at the beginning of 2024. Bard selected the 5 cryptocurrencies with the highest potential for 2024.
The first choice of artificial intelligence is the leading cryptocurrency Bitcoin (BTC)
Indeed, Bard’s first pick is the “original cryptocurrency and best cryptocurrency,” which he says is “a strong contender for growth in 2024” and still has a high long-term potential despite its recent volatility, “making it a volatile investment.” The best known one was Bitcoin (BTC). According to the latest data, Bitcoin was currently changing hands at $ 43,652. BTC fell 0.31% on the day. However, it increased by 5.55% during the week and 15.63% in the previous month. Moreover, the leading crypto has gained a remarkable 159.32% this year.
The leading altcoin Ethereum (ETH) comes in second place.
Then, Bard’s second choice was Ethereum. The AI bot thinks that ETH’s “transition to a more energy-efficient proof-of-stake consensus mechanism could increase its adoption and value in 2024.” That’s why it’s adding Ethereum (ETH), a platform for decentralized applications (dApps), to the list. At the time of writing, the cryptocurrency was trading at $2,287.66. This reflects a decrease of 0.48% in the last 24 hours. However, ETH still gained 6.03% over the previous seven days. Additionally, it gained 10.01% for the month. Moreover, it saw a value increase of 87.76% last year.
In third place is Ethereum rival cryptocurrency Cardano (ADA)
Going further, Bard describes Cardano (ADA), a “relatively new cryptocurrency focused on sustainability and scalability,” and “by 2024,” thanks to its Ouroboros proof-of-stake consensus mechanism that can process transactions faster than Bitcoin and Ethereum. chooses “potential to attract attention”. At the time of writing, ADA was changing hands at $0.61. This represents a decline of 0.93% on the daily chart. However, the cryptocurrency saw an increase of 8.06% last week. It has also made a further significant progress of 56.37% in the last 30 days. Moreover, it has progressed by 137.75% in the last 12 months.
Bard does not forget his recent favorite Solana (SOL)
The AI bot picks Solana (SOL) in fourth place. Bard praises Solana as a high-performance blockchain known for its speed and low fees. He also notes that he’s been getting a lot of attention lately. Therefore, he highlights that its potential to disrupt the DeFi and Web3 sectors could make it the best-performing cryptocurrency in 2024. Meanwhile, Solana has a price of $115.12, up 2.57% on the day. According to the latest data, SOL saw a significant weekly increase of 64.62% and 97.24% in the past month. Moreover, it recorded an even more impressive year-on-year progress of 912.35%.
The last cryptocurrency on the list is Polygon (MATIC)
Bard notes that Polygon (MATIC) is “becoming increasingly popular due to its ability to reduce transaction fees and improve the scalability of Ethereum. Therefore, he predicts that the increase in adoption will likely push its price higher in 2024. That’s why Bard ranks DOT as the fifth best cryptocurrency to invest in 2024. Meanwhile, MATIC price was at $0.875 at the time of writing. The altcoin increased by 2.79% in the last 24 hours, reaching a gain of 12.37% in the last seven days. Additionally, it recorded an advance of 13.29% during the month. DOT, on the other hand, only managed to achieve a 10.48% increase in its annual chart.
All things considered, Google Bard has selected strong candidates for its 2024 investment. But the final result will depend on various factors. Therefore, it is important to do one’s own research and weigh the risks before investing in any of them. cryptokoin.com We strongly recommend that you do your own research before investing.
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