Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.
Pepe [PEPE] lost nearly 15% of its value in the last seven days as it was struggling to maintain price momentum. PEPE has become one of the most popular memecoins in recent days, simply because of how it has surprised investors on several occasions. Not only did the memecoin pose a threat to players like Shiba Inu [SHIB] and Dogecoin [DOGE], but it may also reach the $1 billion market cap mark soon.
Realistic or not, here’s PEPE’s market cap in BTC’s terms
ChatGPT also had multiple interesting thoughts on PEPE, and gave insights into what the memecoin’s future might look like.
ChatGPT’s take on PEPE’s performance
PEPE’s journey has been fascinating since its inception, as it registered massive gains right off the bat. In fact, the coin has been consistently on the trending list on CoinMarketCap for several weeks, proving its popularity in the crypto space.
However, when I posed a question to ChatGPT about the possibility of PEPE becoming a market leader, in true AI fashion, it simply responded,
The potential for Pepecoin or any other cryptocurrency to become a market leader depends on a multitude of factors.
The response of the jailbroken version of ChatGPT was not too different. It opined,
Pepecoin’s journey toward market leadership could be influenced by a combination of its unique features, community engagement, and adoption potential. In this speculative realm, there’s a chance that Pepecoin might find its niche and rise to prominence if it effectively addresses specific use cases and attracts a dedicated following. However, the path to market leadership is intricate, and success is often shaped by a multitude of factors.
Source: ChatGPT
Let’s look at PEPE’s metrics
PEPE’s price has declined by nearly 15% in the last seven days. At press time, it was trading at $0.000001144 with a market capitalization of $480 million.
It’s always better to do your own research; which is why I decided to have a look at the memecoin’s on-chart indicators to get a better understanding of the situation.
Both SHIB’s Relative Strength Index (RSI) and Money Flow Index (MFI) rested below the neutral 50-mark. The On Balance Volume (OBV) showed a drastically downward trajectory.
Source: PEPE/USD, TradingView
When we asked ChatGPT if it sees PEPE’s price reaching $1 anytime soon, its response was rather ambiguous. It said, PEPE’s price movement depends on a multitude of factors.
Source: ChatGPT
The memecoin battle is getting exciting
Similar to PEPE’s price action, the price of Dogecoin [DOGE] also fell— down 5% within the last seven days. At press time, DOGE was trading at $0.076.
However, the price of Shiba Inu [SHIB] rose 7% within the last seven days. At press time, SHIB was exchanging hands at $0.00000913.
How much are 1,10,100 PEPEs worth today?
When we asked the AI bot about the possibility of Pepecoin beating Dogecoin and Shiba Inu in the memecoin battle, its response was ambiguous.
Source: ChatGPT
Source: https://ambcrypto.com/https-ambcrypto-com-chatgpt-pepe-price-prediction/