Dogecoin’s (DOGE) price has been particularly volatile in recent weeks, with rumors heating up that Elon Musk could be set to debut cryptocurrency payments on X (previously known as Twitter).
Given this context, ChatGPT has weighed in with its prediction for where DOGE’s price could go by the end of 2023.
At the same time, ChatGPT also identified the trending meme coin Wall Street Memes (WSM) as another project that could be set for sizable growth in the weeks ahead.
Is X About to Integrate Dogecoin as a Payment Option?
With Elon Musk at the helm, X looks poised to begin accepting cryptocurrency payments soon.
According to an article from Cointelegraph, Rhode Island regulators recently approved X’s application for a currency transmitter license.
This is a significant step since it legally allows X to handle digital asset transactions on behalf of users.
Although initial reports suggest X may only support FIAT currency payments at launch, Musk has directed developers to build the backend so that crypto can be seamlessly integrated in the future.
If X were to take this approach, it could lead to broader adoption of popular coins like Dogecoin.
As one of Musk’s favorite cryptocurrencies, DOGE is a prime candidate for inclusion on X’s platform.
Given X’s colossal user base, DOGE being accepted for payments could drive up demand and send the coin’s price higher – which is why it soared almost 10% once the news broke.
ChatGPT Predicts DOGE Could Hit $0.50 by End of 2023
Following the widely discussed news that X could be about to begin accepting crypto payments, ChatGPT offered its thoughts on what this could mean for Dogecoin’s price in the coming months.
According to ChatGPT, Dogecoin could surge as high as $0.50 by the end of 2023, should Musk’s plan come to fruition.
If this scenario plays out, it would represent a 730% rise from today’s price and put Dogecoin at the same level it was in May 2021.
ChatGPT believes that integration with X could boost demand for DOGE, especially from retail traders.
Moreover, it would add a new use case for DOGE – helping ensure this demand can be sustained over an extended period.
Time will tell whether this prediction proves accurate, but the potential integration with X showcases the evolving nature of the crypto market and Dogecoin’s role within it.
Which Other Meme Coins is ChatGPT Bullish On?
Although Dogecoin is making headlines following the rumors regarding X and crypto payment integration, it’s not the only meme coin ChatGPT is optimistic about.
New meme coin Wall Street Memes has also piqued the AI model’s attention following its remarkable $25 million presale raise.
ChatGPT Forecasts Huge Surge for Wall Street Memes as Tier-1 Exchange Listings Near
Wall Street Memes (WSM) has exploded onto the scene in recent weeks, fueled by a successful presale attracting investment from crypto enthusiasts worldwide.
The WSM token is backed by a massive community of investors on social media, which has helped create a wave of excitement around the project.
This excitement has also reached the crypto influencer community, with leading names like Michael Wrubel, who boasts 310,000 YouTube subscribers, endorsing the project via video analysis.
Investor excitement has been bolstered further by the recent release of Wall Street Memes’ staking protocol, which adds real-world utility to WSM.
According to the project’s staking dashboard, token holders can earn yields of up to 63% per year using WSM – and over 318 million tokens have already been pledged.
All of these factors play into ChatGPT’s optimistic price forecast for WSM, with the token set to debut on major exchanges at the end of September.
According to ChatGPT, WSM could reach $0.80 to $1.50 by the end of the year if conditions align perfectly.
This kind of rise would represent gains of 20-50x from the current presale price of $0.0337.
While only time will tell whether this bold forecast proves correct, ChatGPT’s bullishness suggests that WSM has the potential to generate sizable returns – similar to other meme coin success stories like Dogecoin.