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Under Elon Musk's direction, xAI created the artificial intelligence (AI) Grok, which has become very popular on X (previously Twitter) and in the cryptocurrency community. The model analyzes user-generated content from X in real time and processes a variety of data streams.
Grok previously caused a stir when it selected the best cryptocurrency to use for payments on X.
Meanwhile, cryptocurrencies are preparing for the possibility of an impending bull market. In 2024, as they manage their portfolios, investors are searching for the best investment opportunities and asymmetry in value.
In search of insightful information on three suggested cryptocurrencies for three distinct investment profiles, Finbold turned to Grok. We specifically requested that the xAI model select one cryptocurrency for each of the following investor profiles: conservative, aggressive, and very aggressive.
Grok picks Ethereum (ETH) for conservative investors
Initially, Grok identified Ethereum (ETH) as the best cryptocurrency investment for a profile with very low risk appetite in 2024. The AI's selection of $8,000 to $10,000 as the fair value of ETH is supported by its forecast.
“Ethereum is a well-established and widely adopted platform with strong fundamentals and a large developer community. The successful implementation of Ethereum 2.0 and the continued growth of DeFi and NFT projects on the Ethereum network could drive its value higher.”
— Grok, by xAI
Elon Musk’s AI names Polkadot (DOT) to invest in 2024
Aggressive investors, meanwhile, ought to consider Polkadot (DOT) and a $200–$300 price range in 2024.
“Polkadot is a promising interoperability platform that enables cross-chain communication and transactions. With its strong development team, growing ecosystem, and potential to become a critical infrastructure for the next generation of blockchain projects, it could see significant growth in the coming years.”
— Grok, by xAI
Chainlink (LINK) is for the very aggressive investors, according to Grok
“Chainlink is a decentralized oracle network that provides real-world data to smart contracts. As the demand for reliable off-chain data in DeFi and other blockchain applications continues to grow, Chainlink’s adoption and value could increase significantly.”— Grok, by xAI
Conclusion
To summarize, Grok suggests that investing in Ethereum, Polkadot, and Chainlink could be advantageous for three distinct categories of investors. Notably, each project focuses on distinct use cases, such as cross-chain solutions, Web3 infrastructure, and real-world data oracles, in that order.
However, Grok cautioned that "the cryptocurrency market is highly volatile and unpredictable" and noted the speculative nature of its projections.
Notice: Nothing on this website should be construed as investment advice. Investing is a risky endeavor. Investing involves a risk to your capital.
Content Source: Finbold
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