Dogecoin ($DOGE) has seen a sharp drop in its value over the past ten days, with the coin’s price now 25% lower than its July high. Technical analysis from ChatGPT suggests that the coin could drop further, potentially to $0.046 in the near term. Other meme coins, such as Wall Street Memes ($WSM) and Sonik Coin ($SONIK), have also seen dips in their respective values, hinting at a broader shift away from meme-based cryptos. ChatGPT has weighed in on the current situation of Dogecoin, analyzing its technicals and providing a forecast for the remainder of 2023. The AI model has highlighted two other meme coins, Wall Street Memes and Sonik Coin, that it believes could pump in the coming months. Wall Street Memes has raised a remarkable $340,000 in just over one week during its presale phase, with a Uniswap listing scheduled once the presale concludes. Sonik Coin has a staking protocol which allows token holders to lock up their $SONIK and earn yields currently sitting at 190% per year. ChatGPT believes that if Sonik Coin can live up to the hype, the token could increase a lot by the end of this year. ChatGPT also highlighted that other variables, like market sentiment, macroeconomic factors, and developments within the Dogecoin community, could inform $DOGE’s price by the end of 2023.ChatGPT has identified two meme coins, Wall Street Memes and Sonik Coin, that it believes could pump in the coming months. Wall Street Memes has raised a remarkable $340,000 in just over one week during its presale phase, with a Uniswap listing scheduled once the presale concludes. Sonik Coin has a staking protocol which allows token holders to lock up their $SONIK and earn yields currently sitting at 190% per year. ChatGPT believes that if Sonik Coin can live up to the hype, the token could increase a lot by the end of this year. Ultimately, ChatGPT’s bearish view on Dogecoin will be a worry for long-term holders and speculators alike – hinting that they could be in for further pain in the months ahead.
| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | neutral |
| Relevance Score | 9 |
| People | None |
| Companies | Wall Street Memes, Sonik Coin, Uniswap, CoinMarketCap, PrimeXBT, Binance, CryptoPotato, Wall St Bulls |
| Currencies | Dogecoin ($DOGE), Wall Street Memes ($WSM), Sonik Coin ($SONIK), SHIB ($SHIB), PEPE ($PEPE), Binance ($BNB), Ethereum ($ETH), Bitcoin ($BTC). |
| Securities | None |
