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We asked ChatGPT which meme coin will perform best if Bitcoin (BTC) hits $100,000
Summary
- ChatGPT highlighted two cryptocurrencies as top meme coins that could perform well if Bitcoin hits $100K, due to their strong community support and historical performance.
- Lesser-known memes like MAGA (TRUMP), Jeo Boden (BODEN) and Kamala Horris (KAMA) could also see gains, further influenced by the upcoming US presidential election.
ChatGPT picks these memes
Meme coins have been the rock stars of cryptocurrencies during the latest bull cycle, with Shiba Inu (SHIB), Dogecoin (DOGE), and several Solana-based tokens posting substantial gains in recent months. However, their progress has stalled recently due to the ongoing market correction.
One key element that could revive the sector is a renewed Bitcoin rally. As such, we decided to poke the AI-powered brains at ChatGPT with an interesting question: “Which meme coin will perform best if BTC hits $100K?”
The chatbot claimed that such a prediction is based on speculation, but highlighted DOGE and SHIB as the main contenders. It noted that the largest meme coins in terms of market cap have the strongest community bases and have often followed BTC’s price rise in the past.
ChatGPT also noted that DOGE reached the top of its realm after support from prominent figures like Elon Muskwhile SHIB has been rapidly developing its ecosystem lately.
Recall that last August, the team behind the second largest meme coin introduced its layer 2 scaling solution – Shibarium. The protocol aims to promote the development of Shiba Inu by improving speed, reducing transaction costs and enhancing scalability. For more updates on the subject, be sure to check out our Shibarium News.
What about these lesser-known competitors?
In addition to praising DOGE and SHIB, ChatGPT claimed that certain PolitiFi tokens also have a chance to rally if BTC hits a new all-time high. MAGA (TRUMP), Jeo Boden (BODEN), and Kamala Horris (KAMA) were among those pictured.
It is worth mentioning that the aforementioned memes would likely be affected by the US presidential elections scheduled for November this year. Trump-related assets could surge in the event of a victory by the Republican nominee, while BODEN could soar if the current political leader retains his top position in the White House.
KAMA has been among the market’s top performers lately, rising more than 1,000% on a monthly scale. Its progress has followed the rumors that Kamala Harris (Vice President of the United States) could replace Joe Biden in the presidential elections after the latter had an unconvincing performance during the debate against Donald Trump at the end of June.