It’s been a mixed start to 2024 for meme coins, with high-profile names like Dogecoin (DOGE) and Shiba Inu (SHIB) struggling for momentum. Meanwhile, the new token Bonk (BONK) has suffered from intense profit-taking after its surge in the final months of 2023.
In this article, we asked AI model ChatGPT how this year could shape up for these three tokens and which under-the-radar coins might be better buying opportunities.
Muted Returns In Store for Top Meme Coin DOGE
First up is Dogecoin, the world’s largest meme coin by market cap. ChatGPT predicts that if market dynamics remain stable, Dogecoin could see modest growth by the end of 2024.
Factors like Dogecoin’s enthusiastic community support, the overall crypto market sentiment, and potential viral moments could help its price rise to a range of $0.085 to $0.10.
Should DOGE hit the upper end of this range, it would represent a 26% climb from the coin’s current value. However, ChatGPT believes that Dogecoin could easily see more dramatic price swings, given the volatile nature of the meme coin market.
All in all, although ChatGPT sees bullishness ahead for DOGE, it’s likely not the level of growth that holders would be hoping for.
ChatGPT Forecasts Huge Gains for Emerging Meme Coin Sponge V2
The first under-the-radar meme coin that ChatGPT has highlighted is Sponge V2 (SPONGEV2). ChatGPT predicts that SPONGEV2 could surge as high as $0.0025 by the end of 2024, powered by integration into a hot new play-to-earn (P2E) racing game.
Should SPONGEV2 reach $0.0025, it would represent over 4x gains from the original Sponge (SPONGE) token’s current value. Building on SPONGE’s legacy, Sponge V2 aims to drive utility and demand by allowing holders to use the token for in-game activities.
Combined with a staking protocol and strong community hype, Sponge V2 looks poised to capitalize on growing interest in crypto gaming. ChatGPT points to this P2E functionality and the growing community as crucial price drivers.
If the upcoming Uniswap launch goes successfully, Sponge V2 has considerable breakout potential in ChatGPT’s view. Interested investors can buy and stake the original SPONGE token at sponge.vip to receive SPONGEV2 tokens.
Solana-Based Meme Coin BONK Faces Uphill Climb in 2024
ChatGPT also predicted modest gains for Bonk this year, speculating that the Solana-based token could reach $0.000012 to $0.000018. Given that BONK is currently hovering around $0.000010, the AI model sees 2024 as a positive year for holders.
ChatGPT’s forecast depends on an improving outlook for the Solana ecosystem, positive market sentiment towards meme coins, and further engagement from the BONK community.
However, since BONK has declined 69% from its all-time high, ChatGPT sees this token as a high risk.
Ultimately, while Solana adoption and a meme coin market resurgence could spur moderate growth, ChatGPT believes the days of exponential price increases are behind BONK.
Viral Token Meme Kombat Primed for Post-Launch Surge, According to ChatGPT
On the heels of an ultra-successful presale phase, ChatGPT predicts the Ethereum-based token Meme Kombat (MK) could also see an impressive surge in 2024. Specifically, ChatGPT has forecasted that MK could reach as high as $0.75 in the next 12 months.
This would represent 168% gains for those who invest during the current presale stage – and even higher gains for investors who bought MK in earlier stages.
Combining competitive battling gameplay with impressive staking rewards, Meme Kombat looks positioned to tap into key market trends while leveraging influencer hype.
The significant presale funding also points to huge potential for development if the platform launches successfully.
Ultimately, ChatGPT sees substantial price appreciation for MK once it hits the Uniswap exchange. Interested investors can buy MK tokens during the final stage of the presale for $0.279 using ETH, USDT, or BNB.
Shiba Inu Price Recovery In Sight, But Volatility Remains a Risk
Despite Shiba Inu’s current struggles, ChatGPT predicts a gradual recovery and price increase this year. Driven by growing utility and adoption of the Shibarium network, combined with ongoing community support, SHIB could reach $0.000011 to $0.000015 by the end of 2024.
This would represent gains of 68% from the token’s current price.
However, like Dogecoin, Shiba Inu remains vulnerable to fickle social media trends and broader crypto market sentiment swings.
While expanding use cases via Shibarium is a fundamental growth driver for SHIB, ChatGPT cautions that the token’s outlook for the next 12 months is still uncertain.