Top 3 Cryptos to Watch this Christmas: Insights from ChatGPT

• Crypto Market Positivity Gains Momentum as 2023 Closes
• ChatGPT's Perspective on Current Crypto Market
• Top 3 Cryptocurrencies to Watch This Christmas
• XRP
• Shiba Inu (SHIB)
• Everlodge (ELDG)

Crypto Market Positivity Gains Momentum as 2023 Closes

The end of 2023 witnessed an increasing positivity towards the cryptocurrency market. Bitcoin$42,260 -0.64% (BTC) registered a remarkable surge, growing by over 150% since January, pushing the worldwide crypto market cap beyond $1.6 trillion. With the festive season on the brink, market experts foresee a potential Santa rally during the final week of this calendar year.

ChatGPT's Perspective on Current Crypto Market

ChatGPT, the widely used Artificial Intelligence (AI) chatbot by OpenAI, presents its perceptions regarding the contemporary cryptocurrency marketplace. The AI chatbot also identifies the top three cryptocurrencies that could be on the investors' watchlist this holiday season.

Top 3 Cryptocurrencies to Watch This Christmas

XRP

Since the start of 2023, XRP$0.620 -1.68% has experienced a significant surge, approximating over 86%. The notable growth of this popular token in 2023 can likely be attributed to a court decision that the sales of XRP to retail customers by Ripple did not violate securities legislation. However, XRP's legal status is still on shaky ground as the case has proceeded to a superior court in the U.S.

ChatGPT maintains that legal proceedings will impact the performance of this cryptocurrency. A verdict favoring Ripple could potentially increase investor confidence. The AI chatbot further underscores the escalating institutional involvement in XRP, which could further propel the token's price.

Shiba Inu (SHIB)

ChatGPT anticipates that SHIB's December performance might face challenges. The token has found it difficult to shed a zero after its decimal, a milestone it reached in August. However, there has been an upswing in transactions on Shibarium, and the team is initiating a colossal burn this week. Such developments might drive the cryptocurrency's price northwards. ChatGPT, however, cautions that regulatory uncertainties and rising competition might hinder SHIB's growth in December 2023.

Everlodge (ELDG)

According to ChatGPT's analysis, ELDG holds substantial growth potential. However, the token's performance hinges on four essential factors - mass adoption, partnerships, media coverage, and overall market growth. If the project successfully accomplishes all these four points, ELDG might also witness increased growth in 2024.

Edited by Jonathan Stoker