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The meme coin market has seen incredible momentum in the past year, led by trending tokens like Pepe (PEPE) and Bonk (BONK).
Although both coins have struggled in recent weeks, the AI model ChatGPT has provided a surprisingly optimistic price prediction for both in 2024.
This article will examine who ChatGPT thinks will win in the “Pepe vs. Bonk” battle and highlight one under-the-radar meme coin that could also be primed for exponential growth.
ChatGPT Assesses the Potential of PEPE Coin in 2024
First up is PEPE, the super-popular meme coin modeled after Pepe the Frog.
With PEPE’s price recently decreasing to $0.00000112 after dropping in late December, ChatGPT assessed that investor sentiment and market interest have likely cooled for now.
However, as ChatGPT noted, meme coins like PEPE depend heavily on the strength of their online communities and the potential for viral social media trends to create rapid price shifts.
As such, in the months ahead, ChatGPT identified several factors that could impact PEPE’s future value.
These include broader crypto market sentiment, new developments related to the Pepe meme, and whether the token’s community can drive renewed demand after the recent pullback.
With meme coins still extremely popular, ChatGPT estimated PEPE could trade between $0.0000015 and $0.0000025 by the end of 2024.
Although this is a slight rise from today’s price, it’s likely not the exponential growth many investors hope for.
Does ChatGPT Think BONK Could Outpace PEPE This Year?
Next up is BONK, the Solana-based meme coin that rocketed over 10,000% in the final months of 2023.
Given this impressive rise, ChatGPT views BONK in a favorable light, believing it will likely continue riding high on community engagement and developments on the Solana blockchain in 2024.
However, ChatGPT also cautioned that the token’s recent parabolic growth could introduce volatility in the weeks and months ahead.
When asked to provide a price forecast, ChatGPT estimated that BONK may trade between $0.000015 and $0.000025 this year if positive trends persist.
Interestingly, when compared to PEPE, ChatGPT noted that BONK has greater growth potential thanks to its strong early traction and Solana tailwinds.
As such, ChatGPT currently gives the edge to BONK – believing it could soar higher than PEPE in 2024 and produce more sizable returns for investors.
Which Other Meme Coins is ChatGPT Bullish On in 2024?
ChatGPT also had predictions for more than just Pepe and Bonk when analyzing the meme coin space.
Another project on ChatGPT’s watchlist is Sponge V2 (SPONGEV2), the upcoming second version of the viral Sponge (SPONGE) meme coin.
ChatGPT Predicts 461% Surge for Sponge V2 Thanks to Novel Stake-to-Bridge Mechanism
Launching later this year and aiming to “absorb the damp” left behind by its predecessor, SPONGEV2 introduces a groundbreaking Stake-to-Bridge mechanism for existing SPONGE holders.
This mechanism allows SPONGE owners to stake their tokens and earn SPONGEV2 in return.
At the time of writing, the return rate is set at 376% per annum – meaning those who stake 1,000 SPONGE will receive 3,760 SPONGEV2 over the course of a year.
This setup not only incentivizes long-term holding and community engagement but also provides a limited-time opportunity for existing SPONGE holders to participate in the growth of SPONGEV2.
Almost $4 million worth of SPONGE has already been staked pre-launch, with 8,700 people actively participating in the project’s Telegram channel.
Given the eye-catching success of the original SPONGE token, many community members believe SPONGEV2 could be primed for similar (or even higher) growth.
ChatGPT also believes that SPONGEV2 has substantial room for growth thanks to its brand recognition and social media positioning.
If the new token successfully rolls out its planned play-to-earn gaming features and gets listed on major exchanges, ChatGPT estimates SPONGEV2 could surge to $0.005 at some point this year.
Should ChatGPT’s prediction come true, it would represent a 461% increase from the current SPONGE price.
Overall, ChatGPT is intrigued by Sponge V2’s novel setup – which is positive news for those who believe the token could be in for an exciting 2024.
Visit Sponge V2 Website
Source: https://finbold.com/chatgpt-pepe-vs-bonk-price-prediction-2024/