• Latest
  • Trending

I questioned ChatGPT’s Ethereum Classic price prediction and this happened

April 9, 2023

I probed ChatGPT to understand Ethereum’s price action in 2023

June 4, 2023

Ethereum haunted by sell pressure: It could be ready to…

June 4, 2023

Ethereum holders seem to be disappearing as…

June 4, 2023

Will Ethereum create a clear coast for DeFi, GameFi?

June 4, 2023

Bitcoin Miners Earned $916.6 Million in May, Marking a 13.7% Monthly Increase

June 4, 2023

Bitcoin and Ethereum succumb to TradFi – What now?

June 3, 2023

Positive Net Profit Amid Current Market Conditions

June 3, 2023

Are Ethereum whales selling their holdings?

June 2, 2023

Cathedra Announces A Partnership With 360 Mining To Promote Bitcoin Mining

June 3, 2023

Death of ‘Anti-Mining’ Bill Means Texas Miners Can Keep Raking in Energy Credits

June 2, 2023

Marathon Digital Records Positive Bitcoin Production In May, Increases 77% In a Month

June 2, 2023

Cathedra Bitcoin to Deploy Crypto Miners at 360 Mining’s Texas Site

June 2, 2023
Retail
Sunday, June 4, 2023
  • Home
  • Learn About Crypto

    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Best Crypto Exchange Affiliate Programs in 2023

    What does Crypto Index fund Means and How to Invest?

    Who Will Reach $1 First In 2023?

    5 Best New BSC Cryptocurrencies To Invest In 2023

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

  • Bitcoin

    Bitcoin Balance On Exchanges Soars, BTC Price Displays Weakness

    Bitcoin’s $18k Level Probably Constitutes a Bottom and Will be Retested, says Bitmex’s Hayes

    Twitter Posts $270M Q2 Loss, Blames Weak Ad Market and Uncertain $44b Elon Musk Deal

    California Approves Major Bitcoin Regulation As BTC Looks At $28K

    Bitcoin Mining Made Easier, Could This Be A Game Changer

    Funding Rates Return To Neutral Following Bitcoin Relief Rally

    Bitcoin NUPL Shows Average Holder Back In Profit, But For How Long?

    Bitcoin Miner Revenues Continue To Plunge, But Will The Rally Change This?

    Former Coinbase Employee Charged With Insider Trading for Tipping Off Brother and Friend on New Crypto Listings

  • Ethereum

    I probed ChatGPT to understand Ethereum’s price action in 2023

    Ethereum haunted by sell pressure: It could be ready to…

    Ethereum holders seem to be disappearing as…

    Will Ethereum create a clear coast for DeFi, GameFi?

    Bitcoin and Ethereum succumb to TradFi – What now?

    Are Ethereum whales selling their holdings?

    LSD Tokens Rally As Ethereum Staking Ramps Up, Here Are The Leaders

    How Ethereum’s falling gas fees affect the network

    Ethereum’s price divergence means this for DeFi blue-chip tokens

  • NFT

    What Is Azra Games’ Approach To NFTs In Gaming?

    Fungible Token Marketplace NFTrade Offers Easy Way To Pay For Items On Multiple Networks

    Square Enix Resolves to Continue with Web3, Blockchain Gaming Drive

    Elon Musk Meme Tweet Causes Milady NFT Price To Almost Double

    Binance NFT Marketplace Expands Offerings, Welcomes Bitcoin NFTs

    Brazilian Chess Competition to Hand Winners NFTs

    First NFT Insider-Trading Trial Results in Guilty Verdict for Ex-Opensea Manager

    Paradigm and Blur Developers Announce Blend, a P2P NFT Lending Protocol – How Does it Work?

    Art Auction Giant Sotheby’s Unveils On-Chain NFT Secondary Marketplace

  • Altcoins

    What’s in store for BAT holders- Resistance zone or sell-pressure

    Decoding the reason behind falling cryptocurrency related stocks

    ZCash: Amid a bearish divergence, here’s where you can expect a pullback

    Payments Firm Stripe Adds Crypto Support For Twitter

    TRON at a pocket of demand; should investors take profit or HODL

    Top Privacy Coins Blaze Past Bitcoin This Week, Here’s Why

    THETA, Terra, FTX Token Price Analysis: 22 April

    Tron (TRX) Is Pumping Amid A Crypto Crash, Here’s Why

    Report: With over $47 billion in ‘realized’ crypto gains, this nation leads the pack

  • Mining

    Bitcoin Miners Earned $916.6 Million in May, Marking a 13.7% Monthly Increase

    Positive Net Profit Amid Current Market Conditions

    Cathedra Announces A Partnership With 360 Mining To Promote Bitcoin Mining

    Death of ‘Anti-Mining’ Bill Means Texas Miners Can Keep Raking in Energy Credits

    Marathon Digital Records Positive Bitcoin Production In May, Increases 77% In a Month

    Cathedra Bitcoin to Deploy Crypto Miners at 360 Mining’s Texas Site

    Russian Crypto Miners Set To Mint $700 Million Worth Of Cryptocurrencies In 2022

    Bitcoin Miners Are Probably Selling Their Output at the $28K Level: Matrixport

    Bitcoin Miner CleanSpark Buys 12,500 Bitmain Machines for $40.5M

  • Financial News

    Inflation Could Squeeze Dollar Stores, Too

    Dollar General, Occidental Petroleum, Guess and more

    Courtroom Drama Clouds Post-Covid-19 Recovery for Regal Cinemas’ Owner

    Mortgage Rates Top 4% for the First Time Since 2019

    Dollar General, Accenture, Warby Parker and others

    China’s Housing Market Needs More Than Talk From Beijing

    Warren Buffett scoops up another $1 billion in Occidental shares, bringing total stake to $7 billion

    Netflix Will Be Sticking to Its Script

    New Gig Surcharges Are Hardly a Gas

  • Market Cap
No Result
View All Result
What's Up Market
No Result
View All Result

I questioned ChatGPT’s Ethereum Classic price prediction and this happened

April 9, 2023
in Ethereum
0 0
0

Disclaimer: The data introduced doesn’t represent monetary, funding, buying and selling, or different varieties of recommendation and is solely the author’s opinion

If you’re contemplating including proof of labor cryptos in your portfolio, likelihood is you have got shortlisted Ethereum Traditional (ETC). It is without doubt one of the few remaining choices within the PoW class, however, you might have additionally seen that it has been overshadowed notably by its counterpart – Ethereum.

Ethereum Traditional’s efficiency up to now this 12 months confirms that it might probably nonetheless appeal to investor consideration. Nonetheless, the community has been shedding reputation from a long-term perspective. Talking of recognition, synthetic intelligence has actually taken off this 12 months, with ChatGPT main this cost.

Assessing elementary information utilizing the ChatGPT AI

Maybe, we will leverage the facility of AI to try to discover out what the long run has deliberate for ETC. I requested ChatGPT about Ethereum Traditional and the interplay was relatively fascinating. The preliminary plan was to ascertain the depth of the AI earlier than going deeper into the kind of info that I needed to pursue.

The primary query requested ChatGPT to supply an in depth and concise clarification of Ethereum Traditional and its fundamentals. Right here’s the response –

Supply: ChatGPT

Right here is the response after switching to darkish mode and requesting a shorter model –

Supply: ChatGPT

YOU MAY ALSO LIKE

I probed ChatGPT to understand Ethereum’s price action in 2023

Ethereum haunted by sell pressure: It could be ready to…

The AI appeared to have a very good deal with on issues primarily based on the data it offered. Nonetheless, there have been incidents the place it generated inaccurate info, therefore the necessity to confirm info. Now that we had a very good base, it was time to up the ante a bit. However first, these retaining a detailed eye on ETC could have seen that its neighborhood has not been very energetic. Its growth has additionally lagged behind that of Ethereum and different networks.

Our subsequent question centered on establishing why the Ethereum Traditional community is much less common than Ethereum. It gave the next causes –

  1. Group Assist: After the 2016 DAO hack, the Ethereum neighborhood determined to implement a tough fork that created a brand new blockchain community generally known as Ethereum, which acquired assist from nearly all of the Ethereum neighborhood. Ethereum Traditional, which remained on the unique blockchain, has a smaller neighborhood and fewer builders.
  2. Lack of Updates: Ethereum Traditional has not acquired as many updates and enhancements as Ethereum. This has resulted in slower transaction occasions and fewer superior good contract capabilities.
  3. Notion of Immutability: Ethereum Traditional’s dedication to immutability is a key characteristic for some customers. It will also be seen as a legal responsibility by others preferring the pliability of a blockchain that may be up to date if obligatory.
  4. Restricted Use Instances: Ethereum has a wider vary of use circumstances and is extra broadly adopted by companies and builders. Ethereum Traditional has a smaller ecosystem of decentralized functions and is much less broadly utilized in industrial functions.

AI generated all of the the above factors however they’re tough to argue towards. In different phrases, ChatGPT’s solutions have been spot on –

Ethereum Traditional’s nonetheless has some edge over the competitors

I used to be curious to seek out out what the AI needed to say about Ethereum Traditional’s benefits over its extra common counterpart. It responded with the next factors –

  1. Immutability: Ethereum Traditional has a powerful dedication to immutability. Transactions can’t be altered or deleted as soon as recorded on the blockchain. This makes ETC a dependable and safe platform for storing and transferring digital property, and could also be notably interesting to customers who prioritize safety and decentralization over flexibility and upgradability.
  2. Confirmed Know-how: Ethereum Traditional relies on the unique Ethereum blockchain, which has been working since 2015. This offers it an extended observe report than many different blockchain platforms, and could also be interesting to customers who worth stability and reliability.
  3. No Laborious Forks: Because the break up from Ethereum in 2016, Ethereum Traditional has not undergone any onerous forks or main upgrades that would probably trigger community disruptions or create competing blockchain networks. This might make it a extra secure and predictable platform for builders and customers.

Up to now so good, however the above solutions bought be eager about the sort of state of affairs the place Ethereum Traditional would obtain mass adoption. These have been the temporary factors that ChatGPT shared –

Supply: ChatGPT

The aforementioned factors highlighted a number of the key benefits of sticking to a proof of labor system with a heavy concentrate on decentralization. These traits would make the community and its native coin extra preferable, particularly in case of a harsh regulatory crackdown. Regulators, particularly within the U.S, have adopted an aggressive place towards cryptocurrencies however to not the intense, but.

Making an attempt to bypass the value evaluation brick wall

Whereas nonetheless eager about Ethereum Traditional’s prospects, I made a decision to discover whether or not the AI can have insightful predictions relating to ETC’s prospects. Extra particularly, I needed to understand how quickly ETC can attain ETH’s $1,900 press time worth. Sadly, the language-based AI algorithm may solely achieve this a lot and predictions have been the restrict. Right here is the reply that it offered –

Supply: ChatGPT

That might have been the tip of that try, however I not too long ago discovered concerning the DAN (do something now) jailbreak immediate which unlocks some limitations. Furthermore, ChatGPT’s algorithm learns and it might probably additionally set up uncooked information right into a extra helpful format. Thus, an thought was born.

What if we may one way or the other get chatGPT to grasp the historical past of ETC’s worth motion, together with earlier worth patterns? We may probably get it to offer a extra concrete reply relating to worth predictions. Or so I believed. Sadly, not one of the prompts together with the jailbreak supplied a concrete final result the place the AI may learn the value charts and determine worth patterns.

Supply, ChatGPT

Again to the fundamentals of technical evaluation

After having a “superb, I’ll do it myself” second, I launched into assessing ETC’s newest worth motion. The cryptocurrency has been on an total upward trajectory since 11 March. This, after retesting the assist line that’s a part of a megaphone worth sample. Nonetheless, it additionally not too long ago retested the sample’s higher restrict the place it’s already displaying indicators of resistance.

Ethereum Classic price action

Supply: TradingView

The resistance retest advised that the value could probably register a pivot. Nonetheless, ETC’s cash movement indicator revealed that liquidity continues to be flowing into the cryptocurrency. An prolonged rally within the subsequent few months could also be on the playing cards, particularly now that ETC continues to be closely discounted by as a lot as 88%. Lengthy-term predictions nonetheless stay throughout the realm of uncertainty.


Is your portfolio inexperienced? Take a look at the Ethereum Traditional Revenue Calculator


Conclusion

Utilizing the ChatGPT AI did supply a big benefit particularly when it comes to pace of accessing information. Whereas it doesn’t permit for worth predictions, it does supply some priceless info. Opposite to expectations, it’s nonetheless not in a position to do all the things.

Source link

Tags: ChatGPTsClassicEthereumhappenedPredictionPricequestioned
ShareTweetShare

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result

Recent News

I probed ChatGPT to understand Ethereum’s price action in 2023

June 4, 2023

Ethereum haunted by sell pressure: It could be ready to…

June 4, 2023

Ethereum holders seem to be disappearing as…

June 4, 2023

About Us

The website strives to educate individuals in making wise choices about Cryptocurrencies, Mining, Financial Market, and more.

Recent News

  • I probed ChatGPT to understand Ethereum’s price action in 2023
  • Ethereum haunted by sell pressure: It could be ready to…
  • Ethereum holders seem to be disappearing as…

Newsletter

  • Contact
  • Terms & Conditions
  • Privacy Policy

© 2022 whatsupmarket - All rights reserved

No Result
View All Result
  • Home
  • Learn About Crypto
  • Bitcoin
  • Ethereum
  • NFT
  • Altcoins
  • Mining
  • Financial News
  • Market Cap

© 2022 whatsupmarket - All rights reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003679-6.88%
  • lympoLympo(LYM)$0.004392-4.43%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • Dev ProtocolDev Protocol(DEV)$1.76-16.14%
  • B-cube.aiB-cube.ai(BCUBE)$0.183336-4.61%
  • Shard CoinShard Coin(SHARD)$0.216756-21.17%
  • Finance VoteFinance Vote(FVT)$0.007875-2.41%
  • Value DeFiValue DeFi(VALUE)$0.554.96%
  • B20B20(B20)$0.4507925.62%