Bitcoin surged to a historical high of $111,814 on May 22, completely igniting the crypto market. Although geopolitical instability has led to a massive sell-off of traditional assets, the crypto market has proven to be resilient. Many analysts believe that this bull market may be even more intense than in 2021.
ChatGPT has selected three cryptocurrencies with great potential for a surge based on K-line trends, economic conditions, project fundamentals, and regulatory policies:
1. Solana ($SOL): As a high-performance blockchain platform, Solana has high user activity and a rapidly developing DeFi ecosystem, making it the second-largest smart contract platform after Ethereum, with a market capitalization exceeding $72.5 billion. ChatGPT predicts that as developers and funds continue to pour in, SOL may rise to $200 by the end of the month. Moreover, market rumors suggest that a Solana ETF could be approved in the U.S.; if true, a large influx of capital would follow. Technically, SOL has already broken through a resistance level after a previous decline, and if the upward momentum continues, it could potentially double before this fall, although it will face resistance around $250.
2. Chainlink ($LINK): LINK is the 'bridge' connecting data inside and outside the blockchain, enabling smart contracts to access real-world information. LINK has seen astonishing growth this week, rising 5.4% in 24 hours. ChatGPT expects LINK to reach $25 by the end of this month. From a technical perspective, it has formed a signal pattern indicating a potential rise. Furthermore, LINK's price is undervalued, and many investors are preparing to buy at the bottom. However, geopolitical factors and ambiguous regulatory policies in the U.S. may affect its upward trajectory.
3. Dogecoin ($DOGE): This cryptocurrency, which originated from an internet joke, now has a market capitalization exceeding $22.7 billion and has become mainstream thanks to its large community and practical applications. ChatGPT believes that DOGE could double by July at the latest. The price of DOGE follows Bitcoin, but it shows strong resilience against declines. Currently priced at approximately $0.1556, technical indicators show reduced selling pressure, with capital buying at lower levels. Its previous trends also suggest a potential surge; if the market supports it, it could reach $0.30 by the end of the month. Additionally, platforms like Tesla and PayPal support DOGE payments, enhancing its practicality.
