ChatGPT has garnered attention for its detailed responses and articulate answers across many domains of knowledge. This also includes questions surrounding the fast-growing cryptocurrency.
Some months ago, Finbold, used ChatGPT to predict the future of Cardano (ADA). Although ChatGPT acknowledged that it was difficult to predict the price of Cardano with certainty because of the various market factors and fluctuations, the AI tool did highlight several key elements that could potentially impact its price by 2030.
We have therefore asked ChatGPT about the top 5 cryptocurrencies and you need to see this.
Top 5 Cryptocurrencies Ranked by ChatGPT
Although the significant drawback of this ChatGPT is its propensity, at times, to confidently provide factually incorrect responses. However, here is the list of the top crypto assets by the AI tool. They are listed by their ranks.
- Bitcoin (BTC)- This is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them.
It is currently ranked the number one crypto asset today with a live market cap of $529,083,142,582.
- Ethereum (ETH)-Ethereum is a decentralized open-source blockchain system that features its cryptocurrency, Ether. ETH works as a platform for numerous other cryptocurrencies, as well as for the execution of decentralized smart contracts.Ethereum was first described in a 2013 whitepaper by Vitalik Buterin. Buterin, along with other co-founders, secured funding for the project in an online public crowd sale in the summer of 2014.
ETH is currently ranked 2nd with a live market cap of $218,400,254,883.
- Binance Coin (BNB)– Aside from being the largest cryptocurrency exchange globally, Binance has launched a whole ecosystem of functionalities for its users. Binance coin is the dedicated utility token of the Binance exchange. As against ChatGPT, BNB is currently ranked 4th with USDT taking the 3rd position. It has a live market cap of $51,380,308,041.
- Cardano (ADA)– Cardano is a proof-of-stake blockchain platform that says its goal is to allow “changemakers, innovators and visionaries” to bring about positive global change. Cardano is currently ranked 7th based on market capitalization among other crypto assets by CoinMarketCap. It has a live market cap of $13,186,506,875.
- Dogecoin (DOGE)- Dogecoin (DOGE) is based on the popular “doge” Internet meme and features a Shiba Inu on its logo. The open-source digital currency was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia, and was forked from Litecoin in December 2013. DOGE has been made popular by billionaire, Elon Musk who is tagged the ”Dogefather”. DOGE is currently ranked 8th with a live market cap of $10,905,254,773.
The AI tool stated categorically that the ranking might have changed from the cutoff date of September 2021 which can be seen in the crypto assets latest rankings by CoinMarketCap.
The reason for this is the price volatility of cryptocurrencies except for Stablecoins such as USDT, USDC, BUSD, etc.
Closing Thoughts
ChatGPT has been one of the most sought after when it asking questions across many domain of knowledge which has been helpful but not without issues. OpenAI has acknowledged that ChatGPT “sometimes writes plausible-sounding but incorrect or nonsensical answers”. However, it still provide you with answers that can help as seen in the top 5 cryptocurrencies.