With the emergence of ChatGPT, generative artificial intelligence (AI) has seen a massive boom that has led to the evolution of other chatbots, including Google Bard, which has already demonstrated its usefulness in analyzing the trends in the cryptocurrency market.
In this context, Finbold has consulted Bard for insights regarding the top meme cryptocurrencies that any smart investor interested in this side of the crypto sector should at least take into consideration this year, and surely, Bard has delivered, singling out the top three meme coins for 2023.
Dogecoin (DOGE)
Specifically, Dogecoin (DOGE) was Bard’s first choice, for which the AI tool said had a “strong community of supporters,” including “celebrities such as Elon Musk,” the CEO of Tesla (NASDAQ: TSLA) and Twitter (NYSE: TWTR). Additionally:
“Dogecoin is relatively cheap to buy and trade, making it a good option for investors who are looking for a low-cost meme coin. According to experts, Dogecoin has the potential to continue to grow in popularity in 2023.”
Meanwhile, DOGE was at press time trading at the price of $0.06668, demonstrating a 0.07% gain on the day and an increase of 4.40% across the week, whereas it lost 0.18% on its monthly chart, according to the data retrieved on July 6.
Shiba Inu (SHIB)
As the second-best meme coin in 2023, Bard referred to Shiba Inu (SHIB) as “a newer meme coin” than DOGE but quickly rising to become “one of the most popular meme coins in the world,” with an army of supporters like Musk and Ethereum (ETH) founder Vitalik Buterin. Furthermore:
“Shiba Inu is relatively cheap to buy and trade, making it a good option for investors who are looking for a low-cost meme coin. According to experts, Shiba Inu has the potential to continue to grow in popularity in 2023.”
At the time of publication, SHIB was changing hands at $0.000007512. This represents an increase of 0.39% in the last 24 hours and a 1.56% gain over the previous seven days while declining 6.49% across the past month, as the latest charts indicate.
Pepe (PEPE)
Finally, Bard mentioned a newcomer to the meme coin playing field – Pepe (PEPE), referring to its strong community of supporters such as Musk, as well as its relatively low entry price, repeating similar predictions as for the two previous meme digital assets:
“Pepe Coin is relatively cheap to buy and trade, making it a good option for investors who are looking for a low-cost meme coin. According to experts, Pepe Coin has the potential to continue to grow in popularity in 2023.”
As things stand, the price of Pepe is currently $0.000001695, up 3.63% on the day, as well as growing 6.09% in the last week and as much as 68.81% over the previous month, as per the most recent data retrieved from crypto tracking platform CoinMarketCap.
Conclusion
All things considered, the above meme coins indeed have the potential to grow their value further this year, but, as Bard noted, “meme coins are a high-risk investment” as “their prices can be volatile, and they are not backed by any real-world assets,” which is why doing one’s own diligence is essential.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
