OpenAI has recently released its latest conversational AI chatbot, ChatGPT-4, which is expected to be more powerful than its predecessor. The release of this new AI chatbot has sparked interest in the tech community, and it is believed that this new version could help advance the field of AI even further.
To test the potential of ChatGPT-4, our reports ran an AI trading experiment to see how the chatbot would allocate $100 across various cryptocurrencies to maximize profits in the shortest time possible. The chatbot was fed with year-end roundups for 2021 and 2022, along with the latest news in the crypto markets, to see how it would invest based on recent events.
After analyzing the current state of the crypto market, GPT-4 examined the present condition of the cryptocurrency market and recommended a distribution of the $100 investment as follows: $50 for Bitcoin, $15 for ATOM, $25 for Ether, and $10 for investments in NFT and Web3-related projects.
The chatbot predicted that Bitcoin still had strong long-term potential despite its short-term volatility, while Ethereum’s upcoming Shanghai upgrade could benefit liquid staking providers and strengthen its dominance.
Additionally, GPT-4 recommended investing in ATOM due to Cosmos’ launch of Interchain Security, which it believes could create potential growth opportunities for the cryptocurrency. It also suggested allocating $6 to Decentraland’s MANA and $4 to Chainlink’s LINK, as the demand for reliable off-chain data is expected to rise.
The trades were executed promptly on an exchange and the portfolio’s performance is also monitored with a portfolio tracker. As of now, a slight paper profit has been recorded. The experiment is still in progress; additional updates will be posted later. If any profits are made, they will be given to a charity chosen by the community.