It's been an up-and-down week for Ethereum investors, with the token's price dropping by 4% before reversing from the $1,850 level.
$ETH investors are now wondering where the token will go next – and ChatGPT has provided some insights that could prove invaluable.
Alongside ChatGPT's thoughts on Ethereum, the model has highlighted several altcoins that could experience significant price swings in the latter half of 2023.
ChatGPT Anticipates Return to $2,100 for $ETH
At the time of writing, $ETH is hovering around the $1,880 level, having experienced significant volatility over the past day.
The token is positioned just below the vital $1,900 level, where price was halted in its tracks on Monday.
Ethereum has not consistently traded above this level since mid-April, when price soared past the $2,000 region for the first time in eight months.
Unfortunately, this bullish momentum was short-lived, and the $ETH price has sunk to the current level.
Fortunately for Ethereum bulls, ChatGPT is highly optimistic about the token's prospects for the short term.
According to ChatGPT, $ETH could return to the $2,100 level by the end of the month. This would represent an 11% boost from today’s price.
This optimistic forecast will be an encouraging sign for $ETH investors, who have seen the token struggle to maintain a consistent uptrend in recent weeks.
Wall Street Memes Explosive Presale Sets Stage for Future Success
Aside from Ethereum, ChatGPT is also bullish on several other cryptos – with Wall Street Memes ($WSM) being the one the model is most optimistic about.
Wall Street Memes is a recently-launched presale cryptocurrency inspired by the super-popular WallStreetBets Reddit community, which has ingrained itself in social media meme culture.
Although Wall Street Memes' presale only kicked off last Friday, it has already generated massive attention from retail traders, leading to over $2.7 million in investment.
Investors have been eagerly buying $WSM, Wall Street Memes’ native token, due to the power of the project’s community – which is formed of over 1.1 million “degens."
Per the Wall Street Memes whitepaper, the $WSM token will be used to give back to community members, allowing them to gain exposure to its future evolution and growth.
The project is already seeing immense traction, with the Wall Street Memes Telegram channel growing exponentially over the past week as traders pile in to learn more about the development team’s ambitions.
Due to these factors, ChatGPT expects the $WSM token to explode once listed on major exchanges in Q4 2023.
According to ChatGPT, $WSM could reach $0.15 by the end of 2023 – 466% higher than the current presale price.
Overall, the compelling combination of community engagement, early traction, and strong future potential positions $WSM as a lucrative investment opportunity for meme coin lovers worldwide.
AI-Powered Crypto yPredict Expected to Rocket According to ChatGPT
Another crypto that ChatGPT expects to rise in value is the AI-powered analytics platform yPredict ($YPRED).
yPredict differs significantly from Wall Street Memes, since instead of being a community-driven meme coin, the project revolves around providing cutting-edge tools for crypto traders.
This innovative platform is designed to address the challenges of predicting crypto market trends – and does so by offering traders access to data-driven insights that are usually reserved for institutional investors.
As noted in yPredict’s whitepaper, the ecosystem will contain an array of analytical metrics alongside a unique predictive model marketplace.
In this marketplace, AI experts can sell their predictive models, which retail traders can subscribe to using $YPRED – yPredict's native transactional token.
$YPRED can also be used as an investment vehicle, allowing holders to benefit from the growth of the yPredict platform, which already has over 20,000 people on its waiting list.
Naturally, this trailblazing setup has caught the interest of ChatGPT – with the model estimating that $YPRED tokens could reach a high of $0.30 by the end of 2023.
This would be a 233% return for those who opted to invest during the current stage of yPredict’s presale.
All in all, by offering a blend of futuristic AI technology and significant upside potential, $YPRED stands as an enticing opportunity for traders in the fast-paced crypto landscape.
Ecoterra Inspires Eco-Friendly Investors & Continues to Hit Fundraising Milestones
Lastly, ChatGPT has also made reference to Ecoterra ($ECOTERRA) as one of the new crypto projects that could be set for a successful end to 2023.
Like Wall Street Memes and yPredict, Ecoterra is in its presale phase, which has now raised $4.6 million from early investors.
Much of the buzz around Ecoterra is being caused by the project’s clear focus on promoting sustainability throughout the crypto market.
Ecoterra's ecosystem includes a first-of-its-kind Recycle2Earn app, which has a rewards system that sees users earn $ECOTERRA tokens every time they recycle used materials.
Moreover, Ecoterra’s whitepaper notes that the platform will also have a carbon offset marketplace that enables individuals and businesses to counterbalance their carbon emissions by purchasing verified carbon credits using $ECOTERRA.
Ecoterra even aims to connect recyclers and businesses through the recycled materials marketplace, allowing companies to purchase used materials using cryptocurrency.
The $ECOTERRA token is set to debut on exchanges later this year – and ChatGPT expects its launch to be a success.
Per ChatGPT, $ECOTERRA could hit $0.03 by the end of the year, which is 252% higher than the current presale price.
With the backing of ChatGPT, Ecoterra could emerge as a strong contender in the crypto space, riding the wave of environmental consciousness.
View source version on newsdirect.com: https://newsdirect.com/news/chatgpts-ethereum-price-prediction-for-june-is-2-100-these-tokens-might-also-explode-418499392