The majority of the cryptocurrencies in the market were seen struggling in terms of price. This has caused chaos in the market, instilling fear among many. But a few others were viewing this as a good time to invest funds. Buying the dip has been a notable trend for the longest time. It should be noted that the Internal Revenue Service (IRS) may give up to $1,400 in stimulus payments to many Americans, which they may use to purchase cryptocurrency. The real question, though, is which cryptocurrencies are currently a wise investment.
Also Read: JP Morgan & Goldman Sachs Warn of 6 Market-Crushing Rate Cuts
Those who missed the third and last batch of stimulus payments during the pandemic are being reminded by the IRS to file their 2021 tax return by April 15. This is due to the Recovery Rebate Credit. Individuals who would like to use the money to invest in cryptocurrencies can choose from a wide range of options. But OpenAI’s artificial intelligence model ChatGPT has pointed out two assets that are worth looking into.
ChatGPT’s Top Cryptocurrencies
The AI bot’s first recommendation is Cardano (ADA). The tenth-largest cryptocurrency has experienced a nearly 7% drop over the past 24 hours. At the time of writing, the asset was trading at $0.5634.
According to ChatGPT, Cardano is boosting its practical applications through partnerships. Future expansion and broad adoption may be fueled by these uses. The AI bot believes that institutional interest and ecosystem improvements will probably fuel an increase in the asset’s value.
Also Read: Shiba Inu for Retirement: How Much Fresh SHIB Did You Need for $2M Now?
Solana (SOL) is another prominent choice of cryptocurrencies. Given its growing institutional interest, the altcoin stands out in terms of price increase potential, according to ChatGPT. According to the model, the reason for this is that asset management companies have applied for Solana-based exchange-traded funds (ETF). If accepted, this might increase SOL’s worth, draw in institutional funding, and legitimize the company. In addition, the asset’s inclusion in the government’s strategic reserve will also prompt SOL to rise.
At the time of writing, the cryptocurrency was trading at $104.39 with a daily drop of 5.40%.
Also Read: $2K in XRP by 2028? Here’s What One Top Bank Says You’ll Earn