Meme coins have been the talk of the crypto market this year so far, with projects inspired by internet culture seeing immense demand.
But what does ChatGPT have to say about the price potential of popular meme tokens like Dogecoin, Pepe, and Slothana in the future?
In this article, we look at the AI model’s analysis and predictions on how these lightweight crypto assets might trade in the coming days and weeks.
ChatGPT predicts a rebound for DOGE
Dogecoin has had a tough time lately, according to ChatGPT’s assessment.
The AI model shows that the OG meme coin is coming under strain, down 25% in the last week alone, amid broader market turbulence.
But could relief be imminent for Dogecoin?
ChatGPT sees light at the end of the tunnel if the coin can bounce off nearby support levels.
If this happens, the model sees DOGE rising towards $0.17 in the near term, which would represent a 14% upside from its current price.
Of course, this rebounding game is far from certain.
Indeed, ChatGPT also warns that there could be more declines on the cards if DOGE falls below support – likely around $0.140.
Pepe ready to bounce back after halving, says ChatGPT
ChatGPT analysis shows that Pepe has been beaten even harder than Dogecoin in recent times.
The AI model shows how PEPE fell by 31% over the last seven days to trade at $0.00000487.
Like DOGE, ChatGPT attributes PEPE’s slowdown to the broader risk-averse sentiment in the market ahead of the highly anticipated Bitcoin halving event.
As investors de-risk their exposure to altcoins, meme coins have been caught in the crosshairs.
Unfortunately, ChatGPT does not see clear skies for PEPE in the short term.
The model warns that the token could remain under selling pressure until after the halving.
However, ChatGPT believes that the outlook for PEPE could improve in the medium and long term. Additionally, he believes that the token could move back above $0.000005 in the coming weeks.
ChatGPT thinks Slothana will explode 20 times after DEX listing
While Dogecoin and Pepe are struggling, ChatGPT has a much more optimistic view of the Slothana meme coin, built on the Solana blockchain.
According to AI analysis, SLOTH managed to generate immense hype ahead of its DEX listing in just ten days.
The successful pre-sale of the project, amounting to $10 million, demonstrates huge demand from degen investors. Indeed, they want to be able to quickly access this token on the theme of laziness.
Despite its lack of utility beyond its role as an ironic coin and brand mascot, ChatGPT notes that SLOTH has always attracted the attention of retail traders.
Additionally, growing buzz on social media could fuel a post-launch frenzy.
With such colossal interest already shown, even before the official launch of SLOTH, ChatGPT believes that the initial price discovery phase could be extremely volatile.
In a bullish scenario, ChatGPT sees SLOTH rising rapidly from its current presale price, which is estimated at $0.0133 based on Solana’s value.
Specifically, the model predicts that SLOTH could reach $0.266 per token after its DEX listing – a 20x price pump.
Although this prediction is entirely hypothetical, it demonstrates ChatGPT’s confidence in Slothana’s future.
Visit the Slothana presale
Slerf & Degen also attract the attention of ChatGPT
Alongside DOGE, PEPE and SLOTH, ChatGPT also gave its opinion on two other trending meme coins.
The first is Slerf (SLERF), which ChatGPT believes could see significant growth.
After a recent downtrend, SLERF has rebounded over the past week, rising approximately 4% to trade at $0.38.
ChatGPT points out that this rise, coupled with high SLERF spot trading volumes, could mean a reversal is imminent.
If a bullish scenario plays out, the model expects SLERF to return to $0.45 in the near term.
Next is Degen (DEGEN), a token that ChatGPT is much more bearish on.
DEGEN fell 39% last week due to waning investor interest.
Currently trading at just $0.023, ChatGPT believes that DEGEN could remain under intense selling pressure if no positive catalyst emerges.
If this selling pressure is not stopped, the model predicts DEGEN will fall to $0.018 (or lower). This would represent the lowest value of the token since late March.
reference: watcher.guru