In the six months that ChatGPT was launched, a lot has changed in the cryptocurrency market. In a new report, analysts of consulting giant Motley Fool are talking about 2 Blockchains that could host artificial intelligence technology.
These 2 altcoins promise change with artificial intelligence
It is a matter of curiosity which cryptocurrencies will benefit most from the rise of artificial intelligence. According to Motley Fool analysts, the two prominent Blockchains could be Solana (SOL) and Cardano (ADA). Both have historically stayed in the background to rival Ethereum (ETH). However, this situation is expected to change soon, thanks to artificial intelligence.
1/ @SolanaLabs' ChatGPT plugin, which makes it the first layer 1 blockchain to integrate with AI, is now available via a Github download. https://t.co/Q0euNNhduH
— Solana (@solana) May 23, 2023
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Solana is a highly advanced Layer-1 Blockchain network similar to Ethereum. What this means in practical terms is that Solana is involved in almost every aspect of the blockchain and crypto world as well as NFTs and DeFi. This creates an enormous amount of data for AI to digest, monitor and analyze.
With productive AI programs like ChatGPT, it will soon be possible to ask questions about this data and get answers in natural language format. With this goal in mind, Solana is working on a new ChatGPT integration. This plugin is similar to the plugin that the biggest e-commerce and travel brands are working on to bring ChatGPT to their users.
2/ @SolanaFndn has also expanded its grant program encouraging the use of AI and the blockchain, expanding it to a $10m fund.https://t.co/OaMecVqRc4
— Solana (@solana) May 23, 2023
Once this integration goes live, it will open up the world of Solana’s Blockchain data to ChatGPT. Instead of spending hours analyzing this data, ask, “Why has Solana’s NFT sales volume dropped this quarter?” You can ask questions such as Another experiment involves a ChatGPT-powered bot that can perform actions like buying NFTs on the Solana network. All of this will lead to much more mainstream adoption and a higher valuation for Solana.
Cardano (ADA)
Cardano is also one of the largest Tier-1 Blockchain networks. However, he has always had difficulty explaining his patient, long-term growth plan to his investors. Although Cardano has been on the market since 2017, it has never gone above $3.10. You probably won’t read a story like “If you had invested $100 in Cardano in 2017, you would have had $1 million today”. This is because Cardano is trading at around $0.32. So it’s almost in the same position as five years ago.
However, Cardano’s future pricing is bolstered by recent efforts to integrate artificial intelligence. For example, how many people know that SingularityNET is now a Cardano-based cryptocurrency? Therefore, if Cardano becomes the blockchain to turn to for artificial intelligence, it could start to be seen as a gem.
Before investing with ChatGPT…
The most common misconception about ChatGPT is that it can somehow predict the future. That’s why social media is full of stories about ChatGPT’s claim to predict the price of a cryptocurrency. In fact, you can currently find stories about ChatGPT predicting future prices for both Solana and Cardano.
But that’s not what ChatGPT was designed for. In fact, when ChatGPT was first introduced, its founders specifically limited its ability to provide investment advice. The so-called ChatGPT price estimates are actually based on an unauthorized “jailbreak” version of ChatGPT.
Also, it should be noted that any productive AI program is always limited to the data on which it is trained. When ChatGPT first rolled out at the end of 2022, it was trained only with data from 2021 and earlier. But there has been a lot in the past year that has caught the interest of crypto investors.
What’s next in the crypto scene with artificial intelligence?
We are only watching the surface of what is possible with artificial intelligence. Wall Street firms are already working on their own AI investment advisors backed by ChatGPT. At the same time, individual traders use ChatGPT’s computer code to build sophisticated trading bots.
Any breakthrough innovation always has winners and losers. According to analysts, cryptocurrencies that take the lead with artificial intelligence can be big winners later. If the AI innovation boom continues, Solana and Cardano will be the top two projects to stand out. As Cryptokoin.com reported, ChatGPT founder Sam Altman is preparing a new project.
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