cryptocurrency Investors are looking for new investment opportunities, trying to benefit from the high demand that has continued since the beginning of 2024. Artificial intelligence tools, which have left their mark on the last two years, are frequently preferred when making such choices. Claude 3 Opus, the new artificial intelligence tool of Anthropic company, also chose three new altcoins on these grounds.
Claude Opus, a cutting-edge artificial intelligence system, has become popular as a valuable tool for investment forecasting. Anthropic introduced this new model on March 4, which is thought to be much superior to its ChatGPT-4 and Gemini 1.0 rival tools.
Cryptocurrency King Bitcoin (BTC)
The world’s first and most powerful cryptocurrency Bitcoin (BTC) tops Claude Opus AI’s recommendation list. AI has highlighted Bitcoin’s established position as a store of value and recent increased institutional interest.
As we reported as Koinfinans.com, Claude predicted that the price would continue to rise in 2024 as more investors see Bitcoin as a hedge against inflation and economic uncertainty.
Advantages:
- Widely recognized cryptocurrency.
- Large market capitalization and liquidity power.
- Increased institutional adoption and mainstream acceptance.
- A limited direct supply could lead to shortages and potential price increases.
Disadvantages:
- High volatility and price fluctuations.
- Regulatory uncertainty in some jurisdictions.
- High energy consumption in the mining process.
- Scalability challenges with increased network congestion.
Ethereum (ETH)
Ethereum, the second largest cryptocurrency by market value, is among the most preferred by Claude Opus AI.
The AI tool highlights the critical role of Ethereum’s decentralized finance (DeFi) ecosystem. On the other hand, he emphasized the importance of transitioning to a more scalable and environmentally friendly proof-of-stake consensus mechanism. These factors, in particular, combined with the growing demand for smart contract functionality, position Ethereum for significant growth in 2024.
Advantages:
- Its popularity as the second largest cryptocurrency by market cap.
- Supports smart contracts and decentralized applications (dApps).
- A growing ecosystem of decentralized finance (DeFi) projects built on Ethereum.
Disadvantages:
- High gas charges during grid congestion.
- Losing power from time to time in competition with other smart contract platforms.
- The complexity of the platform may pose a problem for some users.
Cardano (ADA)
Cardano (ADA), touted as a third-generation blockchain platform, ranks last on Claude Opus AI’s 2024 list. The AI tool drew on Cardano’s focus on academic research, security, and sustainability. These features are also considered the main strengths that distinguish cryptocurrency from other blockchain projects.
Advantages:
- It uses a Proof-of-Stake (PoS) consensus mechanism, which is more energy efficient compared to Proof-of-Work (proof-of-work) consensus.
- Innovative interest in academic research and peer-reviewed development.
- Scalability and potential for interoperability with other blockchains.
- A growing ecosystem of decentralized applications and partnerships.
Disadvantages:
- It is a relatively new platform compared to established players such as Bitcoin and Ethereum.
- The adoption rate is relatively low.
- Lack of sufficient liquidity.
- It is still in the process of implementing smart contract functionality and scaling the solutions.
- Competition from other PoS platforms and alternative blockchain technologies.
Although the artificial intelligence tool highlights technical details when interpreting the current market, you should keep in mind that the cryptocurrency market is very active due to its nature and these details are not investment advice.
