A cryptocurrency bull market is forming, with leading crypto Bitcoin, leading altcoin Ethereum, and other cryptocurrencies making new price highs and higher lows. Crypto traders now predict that an altseason could occur at any time. In this environment, artificial intelligence bot ChatGPT selected 3 tokens according to the investor profile.
As Bitcoin dominance grows, traders await a new altseason
cryptokoin.com As you follow from , Bitcoin is trading above $39,000 in late 2023. Thus, the leading cryptocurrency commands a total market capitalization of $1.426 trillion. The Bitcoin Dominance Index (BTC.D) records a 53.18% dominance over altcoins. However, pro-altcoin season traders expect this scenario to change.
Bitcoin Dominance (BTC.D) weekly chart. Source: TradingViewSo we asked ChatGPT to make 3 choices based on investor profile for the next subseason. To do this, we entered the following criteria: “Select 3 altcoins that are likely to outperform other cryptocurrencies for the next altseason. Give us choices for 3 different investor profiles: 1 conservative, 1 aggressive, and 1 extremely aggressive. Justify your choices in a short paragraph.”
ChatGPT picks for next altcoin season
For conservative investors: Ethereum (ETH)
Ethereum (ETH) Ethereum remains a strong choice for conservative investors due to its established position as the leading smart contract platform. With the completion of its transition to a proof-of-stake consensus mechanism via the Ethereum 2.0 upgrade, Ethereum promises improved scalability, security and maintainability. Ethereum’s widespread adoption and continued growth of its decentralized application (dApp) ecosystem supports its long-term potential. Despite market fluctuations, Ethereum’s fundamental role in the Blockchain space provides a measure of stability compared to other altcoins.
For the aggressive altseason trader: Polkadot (DOT)
Polkadot (DOT) Polkadot emphasizes interoperability between different Blockchains. Thus, it enables the transfer of data and value between previously incompatible networks. For aggressive investors, altcoins offer a promising investment. It does this thanks to its potential to connect and support various Blockchain projects. Its unique coin-chain structure, strong support from the Web3 Foundation and active development community make it more likely to gain value during the next altseason. As more coin-chains come on board, it is possible that the utility and demand for DOT will rise sharply.
For extremely aggressive investors: Solana (SOL)
Solana emerged as a high-throughput blockchain targeting high-speed and low-cost transactions. Blockchain infrastructure supports decentralized applications at scale. It appeals to very aggressive investors due to its ambitious goal in this direction. It comes with various innovative technical advances such as Proof of History and fast block times. Therefore, it is possible for Solana to benefit from market trends favoring speed and efficiency. Meanwhile, the altcoin faced some technical difficulties and network outages. However, if the platform manages to resolve these issues and continues to attract developers and users, the potential rewards for risk-tolerant investors could be significant.
