Altcoins
If you invested $1,000 in this ChatGPT altcoin wallet, you would get this profit
THE cryptocurrency market is probably preparing for a sustained running of the bulls driven by Bitcoin (BTC), who is trying to recover the $70,000 resistence area.
In the context of the current price trend, some altcoins are experiencing a steady increase in value, representing a great entry opportunity.
In preparing for the upcoming altcoin season, Finbold initially consulted by OpenAI artificial intelligence platform, ChatGPTon December 2, 2023, to gather insights into which coins and tokens are likely to see significant returns when the altcoin season begins.
ChatGPT Altcoin Portfolio Performance
The recommended AI platform investments In Ethereal (ETH), Polka dot (POINT), AND Solana (SOL). Since then, the cryptocurrency market has seen significant movements and those who have followed ChatGPT’s advice have seen significant returns on their investments.
ChatGPT chooses altcoin for next altseason. Source: Finbold
Ethereum was trading at $2,087 on December 2. As of today, July 22, the runner-up Encrypt by market cap is trading at $3,485, representing an increase of approximately 67%. Notably, Ethereum continues to show potential for further gains, considering that the market is anticipating the launch of the Ethereum Spot Exchange-Traded Fund (ETF) in the United States.
On the other hand, on December 2, Polkadot was trading at $5.4, while it is now trading at $6.26, an increase of about 15.93%.
On December 2, Solana was trading at $59 and today it is trading at $178, up about 201%. In fact, SOL has been helped in part by network-specific catalysts, such as the significant interest in meme coins launched on the platform.
Cryptocurrency wallet returns
When evaluating the performance of this portfolio, one should assume that an initial investment of $1,000 is evenly split between the three altcoins. This means that $333.33 was invested in each altcoin. For Ethereum, an initial investment of $333.33 would have purchased approximately 0.1597 ETH, which is now worth approximately $556.01.
With Polkadot, the initial investment would have purchased approximately 61.73 DOT, which is now worth approximately $386.43. For Solana, the initial investment would have purchased approximately 5.65 SOL, which is now worth approximately $1,006.70.
Adding the current values of each investment, the total value of the portfolio today is approximately $1,949. This means that the initial investment of $1,000 produced a profit of $949, which translates to a return of 94.91%.
Thus, investors who followed ChatGPT’s altcoin portfolio recommendation on December 2nd nearly doubled their initial investment. It is worth noting that during this period, altcoins have seen significant price increases, aligning with Bitcoin’s all-time high recorded in early 2024 in the wake of the approval of the first Bitcoin ETFs in the United States.
Disclaimer: The content of this site should not be considered investment advice. Investing is speculative. When you invest, your capital is at risk.