ChatGPT doesn’t always want to talk crypto. But with a bit of jailbreaking, and feeding it some up to date info such as the current prices, whitepapers and developments, we were able to ask it for its opinions on Shiba Inu, Dogecoin and Everlodge. Here’s what the AI had to tell us.
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Can Shiba Inu hit $1?
This is ChatGPT’s analysis:
Current Price and Market Cap: Shiba Inu is currently trading at $0.00000728, with a market cap of $4,294,423,261. To reach $1, SHIB’s price would need to increase significantly, representing an enormous price appreciation from its current value.
Circulating and Total Supply: Shiba Inu has a very high circulating supply of 589,330,240,445,188 tokens, and a total supply of 999,983,397,128,998 tokens. The vast supply of SHIB tokens makes it challenging for each token to reach a value of $1, as it would require an astronomical market capitalization.
Historical Performance: Shiba Inu has experienced significant volatility and price fluctuations since its inception. While it has gained popularity and a large community following, it has also faced periods of price decline. Shiba Inu is down 37% on a yearly basis.
Shibarium and Ecosystem: Shibarium, as described in the Shiba Inu whitepaper, is positioned as a key component of the Shiba Inu ecosystem. While it aims to address scalability and other issues, its success and impact on SHIB’s price are contingent on successful development, adoption, and integration into the ecosystem.
In summary, while it’s not impossible for Shiba Inu to reach $1, it currently faces substantial challenges, including its extremely high supply, historical price volatility, and the need for significant adoption and utility to justify such a valuation.
Will Dogecoin ever reach $1?
Here’s what ChatGPT told us:
Current Price and Market Cap: As of the latest data, Dogecoin is trading at approximately $0.062, with a market capitalization of around $8.77 billion. To reach $1, DOGE’s price would need to increase significantly, by roughly 16 times its current value.
Total Supply: Dogecoin has no maximum supply limit. The infinite supply aspect can make it challenging for the price to reach higher levels, as new tokens are continually added to circulation.
Recent Performance: Dogecoin has experienced relatively stable performance recently, with a modest increase in its price over the past year and a slight decrease in the past two weeks.
Market Sentiment and Utility: Dogecoin’s market sentiment can be influenced by online communities and celebrity endorsements. While it has a dedicated following, its utility remains limited compared to other cryptocurrencies.
Ecosystem and Developments: Dogecoin lacks significant use cases beyond being a meme coin.
The challenge for Dogecoin to reach $1 remains significant. Achieving a price of $1 would require substantial adoption, use cases, and market dynamics favoring its price increase
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Will Everlodge be the first to reach $1?
This is ChatGPT’s opinion on Everlodge, after reading the whitepaper and presale/vesting schedule:
Everlodge’s innovative approach to real estate investment offers a compelling value proposition. By tokenizing real-world assets (RWA), specifically holiday homes and rental properties, Everlodge opens the door for investors to participate in fractional ownership of these properties using blockchain technology. This approach introduces several key benefits including:
Liquidity: Unlike traditional real estate investments that often require long-term commitments, Everlodge’s NFT-backed ownership offers increased liquidity. Investors can trade their tokens on secondary markets, potentially allowing for quicker entry and exit.
Global Reach: Blockchain technology eliminates geographical barriers, enabling investors from around the world to access and invest in properties located in different regions.
Transparency and Security: Utilizing the blockchain ensures transparency and immutability, enhancing trust by providing a tamper-proof record of ownership and transaction history.
Efficiency: Digital ownership through NFTs eliminates the need for traditional paperwork and intermediaries, reducing administrative burdens.
In summary, Everlodge’s platform combines the stability and potential for appreciation seen in the real estate market with the accessibility, liquidity, and transparency offered by blockchain technology. This fusion creates an exciting investment opportunity that has garnered positive attention from crypto experts. Predictions of a potential 30x increase in value, as suggested by these experts, signify strong optimism about Everlodge’s future.
As Everlodge will launch at $0.038, a 30x increase would indeed place it at or near the $1 mark.
Conclusion
So there you have it, Everlodge is by far the most likely to hit $1, with Dogecoin next and Shiba Inu in last place. As with all cryptos, ChatGPT reminded us to DYOR and that the crypto market is inherently volatile.
Find out more about the Everlodge (ELDG) Presale
Website: https://www.everlodge.io/
Telegram: https://t.me/everlodge
