Crypto
ChatGPT Gives Bonk, Myro, Price Outlooks
The meme coin market shows no signs of cooling off in early 2024, with tokens like Bonk (BONK), Myro (MYRO), and Sponge V2 (SPONGEV2) gaining traction.
ChatGPT, the viral chatbot from OpenAI, has offered its expert price outlooks for these meme coins from now through the end of the year – with SPONGEV2 being the standout option according to the model.
Bonk Set to Smash Through $0.000035 in 2024, According to ChatGPT
First up is Bonk, now ranked as Solana’s largest meme coin.
BONK boasts a market cap of $822 million, making it almost as big as Pepe (PEPE) and dogwifhat (WIF) combined.
After looking at factors like community strength, market comparisons, and potential growth catalysts, ChatGPT came away highly optimistic about BONK’s potential in 2024.
Laying out a very bullish scenario, ChatGPT sees BONK breaking out of its trading range thanks to a mix of continued hype and developments in the broader Solana ecosystem.
With meme coin momentum still high, ChatGPT believes BONK could capture investor attention again and begin another bull run.
If the stars align, ChatGPT believes BONK could reach as high as $0.000035 over the next 12 months.
Hitting this price point would represent upside of 170% from the token’s current price and take it to a new all-time high.
Myro Poised for 183% Price Explosion, Per ChatGPT’s Analysis
Moving from one Solana-based meme coin to another, ChatGPT has also set its sights on Myro – the token named after the Solana co-founder’s pet dog.
This connection to a leading figure in the Solana ecosystem has already paid dividends, with MYRO’s price spiking 1,690% throughout December and January.
Though MYRO is now down 65% from January’s peak, ChatGPT still sees ample room for growth in 2024, given the right conditions.
Factors like sustained community engagement, developments on Solana boosting adoption, and continued speculation around meme coins could provide the necessary bullish momentum.
If MYRO can recapture the form that it had in early 2024, ChatGPT believes there’s scope for another viral price run.
Should this occur, ChatGPT thinks the token could reach between $0.15 and $0.25 by the end of the year.
Achieving this level would represent gains of up to 183% from MYRO’s current price of around $0.089.
ChatGPT Projects 500% Upside for Sponge V2 After Polygon Migration
Last but not least, ChatGPT also set its sights on Sponge V2, the sequel token to the original Sponge (SPONGE) meme coin.
Now thriving on the Polygon blockchain, SPONGEV2 is up 134% in the past two weeks and boasts a market cap of $52.5 million.
There are over 50,000 SPONGEV2 holders at the time of writing, with a circulating supply of 40.4 billion tokens.
Armed with the context around SPONGEV2’s recent Polygon migration, ChatGPT sees several other factors converging that could put the token on a bullish trajectory in 2024.
These factors include the development of a Play-to-Earn (P2E) game that could massively boost SPONGEV2’s utility and appeal.
Combined with the attractive staking yields, plus strong social media buzz, SPONGEV2 has all the elements of a meme coin that could see exponential growth.
In a very bullish scenario, accounting for these dynamics, ChatGPT believes SPONGEV2 could reach as high as $0.01 by the end of the year.
This price target would represent nearly a 500% gain from the token’s current price – meaning those who invested today could increase their position size significantly.
Moreover, hitting this price level would easily surpass the development team’s $100 million market cap goal that’s laid out in the project’s whitepaper.
Ultimately, if Sponge V2 continues executing on its roadmap and delivering value, the token will have tremendous upside potential in 2024 and beyond.
Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.
— Reports /TrainViral/