M S mahaveer

When the price of bitcoin surpassed $69,000 on October 20, 2024, many investors were excited to see what would come next. The upcoming 2024 U.S. elections may cause bitcoin (BTC) values to fluctuate wildly due to the conjecture surrounding Donald Trump and Kamala Harris's potential contest. We gathered a number of generative artificial intelligence (AI) chatbots and asked: Given the current surge in prices, what could happen to the price of bitcoin once voters choose between Trump and Harris?
AI Chatbots Weigh in on Bitcoin’s Price After the U.S. Election

Given how closely politics and cryptocurrency have converged this year, some advocates for the cryptocurrency claim that the 2024 election may have a significant impact on bitcoin prices. There are predictions everywhere; major financiers are among those making them. Our news bureau asked the top generative AI chatbots of today what they predicted will happen to Bitcoin following the results of the US election day in order to obtain some exclusive information. We looked at ChatGPT versions 4, 4o, and the most recent o1 from OpenAI, Pi from Inflection AI, Co-Pilot from Microsoft, Gemini from Google, Claude 3 Sonnet from Anthropic, Venice.ai, and Le Chat from Mistral AI.

We gave each of the nine bots a simple command, making sure they all responded. It should be mentioned that Gemini at Google declined to respond. The question was:

The purpose of this experiment is to forecast the position of the price of bitcoin after the 2024 US election is concluded. Your mission as a cryptocurrency and bitcoin specialist is to assess the probability that the price of bitcoin will increase in one of two scenarios: either former President Donald Trump wins, or Vice President Kamala Harris wins. You will need to propose an estimated monetary value for each of the two possible outcomes, taking into account your knowledge of these two political figures. What will the price of bitcoin be, in your professional judgment, if Trump wins, and if Harris wins the presidency? As of this writing, the price of bitcoin is $69K.

Mistral AI’s Le Chat:

Because there are so many variables at play, it is extremely speculative to forecast the precise price of Bitcoin, particularly when it is linked to political developments. Still, political positions and historical patterns can offer some useful information. In the event that Donald Trump wins, the market may become more confident due to his pro-business and deregulatory policies, which could raise the price of Bitcoin. Considering his prior link to market optimism, Bitcoin might get as high as $85,000. However, if Kamala Harris wins the presidency, her administration would prioritize social policies and regulations more than other issues, which might cause instability in the cryptocurrency market. In this case, the price of Bitcoin may level out or rise more moderately. possibly coming in at $75,000 or so. These projections are predicated on the state of the market and political attitudes at the moment, but real values may differ substantially because of additional global economic variables and advancements in cryptocurrency technology.

Venice.ai:

Based on the prevailing political atmosphere and market patterns, I anticipate that in the event that former President Donald Trump wins the 2024 U.S. presidential election, the value of Bitcoin may increase to between $85,000 and $90,000. This is because pro-market policies and deregulation measures that Trump is expected to pursue might boost investor confidence and bring in funds for the cryptocurrency industry.

On the other hand, I predict that the price of Bitcoin might be between $75,000 and $80,000 if Vice President Kamala Harris wins the presidency. This is due to the possibility that Harris's administration will concentrate on regulating the cryptocurrency sector, which may cause some investor apprehension and possibly lead to a more slow climb in the value of Bitcoin. A Harris administration may also result in a more circumspect approach to market liberalization, which may also help to moderately raise prices.

Microsoft’s Co-pilot:

It's speculative to forecast the price of Bitcoin depending on election results, but here's one take: With his pro-crypto position, Donald Trump's victory might push Bitcoin up to almost $90,000. On the other hand, Kamala Harris's cautious yet encouraging attitude could cause Bitcoin to stabilize at $75,000. These are informed approximations rather than firm predictions, as both scenarios depend on more general economic conditions and market sentiment.

Openai’s Chatgpt 4o:

It's possible that the price of bitcoin would rise if former President Donald Trump wins the 2024 election, maybe reaching $75,000 to $80,000. Deregulation and tax cuts during Trump's previous administration frequently benefited firms and investors, which may have boosted interest in riskier assets like bitcoin. However, if Vice President Kamala Harris wins the presidency, investor concern due to the focus on stricter tax and regulation laws may cause bitcoin to drop to a range of $60,000 to $65,000. Although these forecasts are theoretical, market players usually consider policies that could affect capital gains, taxes, and rules pertaining to digital assets, which could affect the course of bitcoin after the election.

Openai’s Chatgpt 4:

There is a great deal of uncertainty in predicting the price of bitcoin after the election because it is impacted by a wide range of global economic factors other than political decisions. But traditionally, perceived volatility or stability has caused markets to respond. Should the former president Donald Trump win, his volatility and unpredictable nature could increase the value of bitcoin as a "safe haven." Vice President Kamala Harris' victory might be seen as maintaining current policy and possibly bringing about pricing stability. Therefore, assuming no major changes to the global economy, bitcoin might rise to about $75K under Trump and stay near to its current level under Harris.

Openai’s Chatgpt o1 mini:

After the 2024 U.S. election, Bitcoin's price prediction will require evaluating the potential effects of each candidate's policies on the cryptocurrency market. In the event that the former president Donald Trump is elected, his administration may advocate more stringent restrictions and a more conservative stance toward cryptocurrencies, which may lower investor confidence and possibly result in a stabilization or modest fall in price, with Bitcoin being valued at approximately $60,000. However, should Vice President Kamala Harris win the office, her administration would encourage more innovative fintech companies and favorable rules, which would be good for cryptocurrencies. This encouraging position might boost investor confidence and raise the price of Bitcoin, which might eventually reach $85,000. These projections, however, are purely theoretical and subject to a wide range of geopolitical and economic influences.

Google’s Gemini:

In spite of the AI chatbots' differing forecasts, the unpredictability and uncertainty surrounding bitcoin's post-election future are noteworthy. The projections show how external perceptions and shifting storylines continue to have a significant impact on bitcoin's price, from market confidence associated with a Trump president to regulatory caution under a Harris administration.

Although forecasts created by AI can offer valuable insights, they also highlight the intricacy involved in projecting the pricing of digital assets. The erratic post-election story of bitcoin is influenced by a variety of factors, including changes in political climate, investor mood, and overall economic conditions.

Over the weekend, the price of Bitcoin remained mostly stable at $68,000, failing to quite revert to its midweek level. Even with its lackluster performance over the last day, the leading cryptocurrency has held steady at $68,000.

On the social media site X, a well-known cryptocurrency analyst has stated that the price of Bitcoin would not be able to maintain this level for very long. Many investors are now questioning whether this possible correction is only a bump in the road or a full-blown turnabout in the most recent bull run revival.

Analyst Predicts A Brief Correction In The Price Of Bitcoin - What Comes Next?

Crypto expert Ali Martinez recently made an intriguing prediction about the price of Bitcoin in a post on the X platform, speculating that the leading cryptocurrency may soon be in for a little correction. The pundit claims that the price of bitcoin has flashed a sell signal on the daily chart based on the "Tom Demark" (TD) Sequential.

In technical analysis, the TD Sequential is a tool for spotting possible turning points in the trend and price reversals. The TD Setup phase and the TD Countdown phase are the two main parts of this technical analysis instrument.

In particular, nine candles with the same polarity—bearish and bullish—make up the Setup phase. The initial number "1" is placed on a candle that finishes higher than the candle's closing four periods prior during a bullish setup phase.

On the other hand, the initial number "1" on a candle that closes lower than the candle's closure four periods prior indicates a bearish "Setup." When the TD Sequential plots figure appears at the top or bottom of a candle in a bullish or bearish trend, it may indicate a possible point of reversal.

The completion of the Setup phase is indicated by the number "9," which has just recently appeared on top of a candlestick on the Bitcoin daily chart, as can be seen in the chart above. Given that the price of Bitcoin was initially in a bullish trend, it seems that the leading cryptocurrency is about to see a short-term correction lasting a few days.

There have been a lot of talks in the last few days about Bitcoin's price potentially reaching or perhaps surpassing its all-time high. Martinez did, however, caution investors to expect a modest decline in the price of Bitcoin "before higher highs."

A Quick Look at the Price of Bitcoin

The price of Bitcoin is currently at $68,272 as of this writing, down just 0.5% from the previous day. Based on data from CoinGecko, the leading cryptocurrency has increased by almost 9% during the past seven days.

The way the price of bitcoin is moving right now indicates that the bull cycle is still in progress, and past trends point to a possible continuation of the upward momentum. The bull markets of 2013 and 2020 are contrasted in the analysis, with long-term investors profiting twice before the cycles' peaks.

Analyzing the past bull markets for Bitcoin reveals clear trends in the long-term investing habits of investors. Investors experienced gains in two key stages throughout the cycles of 2013 and 2020, which resulted in double peaks. The lack of a corresponding modification in 2017 implies that the current cycle is more in line with the features noted in 2013 and 2020 instead of following a single upward trajectory as was the case in 2017.

Interest Rate Reductions and Predicted Market Prices

The current pattern of interest rate reduction is another aspect affecting market mood. Even while it could take a few months or even a year for liquidity to reach the wider market, the bitcoin investment landscape frequently accounts for these developments. Because of this forward-looking quality, prices may start to rise in response to expectations rather than sudden monetary policy adjustments.

In light of these variables, a positive market trend is predicted for 2025. Large returns are more likely to accrue to investors that take a long-term perspective and take into account macro trends rather than concentrating only on short-term volatility.

Investing in a "big frame" strategy that follows the general cycle trajectory may yield more profitable outcomes than using shorter-term strategies. Given that past data points to yet another leg up in this bull market cycle, long-term investors may find that the current state of the market presents a sizable opportunity.

#Binance #Cryptocurrency #Bitcoin #CryptoTrading #InvestSmart#M S mahaveer

Are you prepared to investigate the most auspicious cryptocurrency prospects at present? You've located the ideal place to get started! Some coins are rising to the top of the cryptocurrency market as a result of their remarkable technological innovations and potential for rapid growth.

1. BlockDAG (BDAG): The Crypto Industry's Next Big Thing

With good reason, BlockDAG is quickly making headlines in the cryptocurrency industry. Thanks to its cutting-edge Directed Acyclic Graph (DAG) technology, this innovation is combining the speed of more recent systems like Kaspa with the best aspects of more established tech like Bitcoin's security. And the fun doesn't stop there. The currency is currently in its 23rd presale batch and has raised approximately $76.1 million to date.

With recent high-profile agreements with elite European soccer teams Borussia Dortmund and Inter Milan, BlockDAG has significantly increased its visibility among the general public. The rumors of an impending partnership with another significant English Premier League team are fueling the enthusiasm.

Yes, BlockDAG is really reaching new heights, and the industry is noticing. The excitement surrounding BlockDAG is building quickly, with its presale profits surpassing $73.5 million and increasing attention from significant cryptocurrency buyers. BlockDAG is a cryptocurrency you should keep an eye on if you're searching for one with a lot of promise and strong momentum.

2. Ethereum (ETH): The Mobility of the King of Smart Contracts

With continuous momentum, Ethereum remains the titan of smart contracts and decentralized apps (dApps). Ethereum has improved its efficiency and scalability with its recent switch to Proof of Stake (PoS), guaranteeing its place at the top of the cryptocurrency scene.

3. Solana (SOL) - Innovation Meets Speed!

Because of its exceptional combination of speed and affordability, Solana has swiftly established itself as a mainstay in the cryptocurrency industry. Solana, which has experienced a remarkable 600% increase in value in the last year, is the preferred platform for developers wishing to start new projects and dApps because of its emphasis on quick processing and user-friendly interface.

4. Binance Coin (BNB): Powering the Crypto Industry Titan!

Not just any cryptocurrency, Binance Coin is the foundation of the enormous Binance ecosystem. BNB, the utility foundation of the biggest cryptocurrency exchange globally, continues to shine despite management changes by providing real advantages like lower trading costs and first access to token sales.

5. Cardano (ADA): Creating a Blockchain Ecosystem That Is Sustainable!

As a scalable, secure, and sustainable blockchain platform, Cardano is making great progress. Its basis, which is based on in-depth research and is supported by a Proof of Stake (PoS) consensus mechanism, guarantees a deliberate and consistent advancement in the blockchain industry.

Why It's Better to Watch BlockDAG!

In the midst of these titans, BlockDAG is quickly taking the lead. BlockDAG has distinguished itself with its ground-breaking DAG technology, significant strategic alliances, and a thriving presale that is about $76.2 million. Its prominence in the market is further enhanced by the excitement surrounding its upcoming significant partnership.

BlockDAG is a trailblazer with enormous potential, not just another participant in the cryptocurrency game. BlockDAG is an attractive option this month for people who are keen to interact with a cryptocurrency that is grabbing the attention of the IT community as well as the market. Hold onto this opportunity!

#Binance #Cryptocurrency #Bitcoin #CryptoTrading #InvestSmart

When you're just starting out in the world of cryptocurrencies, it can be overwhelming because there are dozens of different cryptocurrencies, from Dogecoin and Tether to Bitcoin and Ethereum. These are the top 10 cryptocurrencies to invest in, ranked by market capitalization, which is the sum of all the coins in circulation at the moment, to help you get your bearings.

1. The cryptocurrency Bitcoin (BTC)

$1.3 trillion is the market capitalization.
Return year over year: 124%
The first cryptocurrency, known as bitcoin (BTC), was developed in 2009 by Satoshi Nakamoto. BTC operates on a blockchain, which is a ledger that records transactions dispersed over a network of thousands of computers, just like the majority other cryptocurrencies. Bitcoin is protected from scammers because updates to the distributed ledgers need to be validated by the solution of a cryptographic problem, a procedure known as proof of work.

As Bitcoin gains widespread recognition, its value soars. One bitcoin cost roughly $500 in May of 2016. On October 1, 2024, the price of one bitcoin was approximately $63,394. That is a 12,579% growth.

2. Ethereum (ETH): $314.2 billion is its market value.
Return year over year: 51%

Ethereum is a blockchain platform and cryptocurrency that is popular among developers due to its potential uses, including non-fungible tokens (NFTs) and so-called smart contracts, which run automatically when certain conditions are satisfied.

Ethereum has grown astronomically as well. Its price increased by 23,634% from roughly $11 to about $2,611 between April 2016 and October 2024.

3. USDT, or Tether

$119.6 billion is the market cap.
Return from year to year: 0%

Tether (USDT), in contrast to certain other cryptocurrency versions, is a stablecoin—that is, it is backed by fiat currencies such as the US dollar and the euro and maintains a theoretical value equivalent to one of those denominations. Tether is preferred by investors who are apprehensive about the severe volatility of other coins because, theoretically, its value is meant to be more stable than that of other cryptocurrencies.

4. BNB, or Binance Coin

$83.8 billion is the market capitalization.
Return year over year: 162%
One of the biggest cryptocurrency exchanges in the world, Binance, accepts Binance Coin (BNB) as payment for fees associated with trading. Binance Coin has grown beyond just enabling trades on Binance's exchange platform since its introduction in 2017. These days, it can be utilized for travel booking, payment processing, and trading. Additionally, it can be exchanged or sold for other cryptocurrencies like Ethereum or Bitcoin.
In 2017, BNB was only worth $0.10. Its price increased to almost $574 by late October 2024, a gain of 574,214%.

5. The Solana (SOL)

$72.6 billion is the market capitalization.
Return year over year: 546%
Solana is a blockchain that powers decentralized apps (DApps), smart contracts, and decentralized finance (DeFi). It processes transactions fast and securely using a hybrid proof-of-stake and proof-of-history mechanism. The native token of Solana, SOL, drives the platform.

SOL's initial price at debut in 2020 was $0.77. By October 2024's end, the price had increased by 20,036% to approximately $155.05.

6. XRP (XRP)

$35.5 billion is the market capitalization.
Return from year to year: 20%
XRP is a cryptocurrency that may be used on the Ripple network to enable the exchange of various currencies, including fiat currencies and other prominent cryptocurrencies. Ripple is a digital technology and payment processing firm founded by some of the same individuals.

The price of XRP was $0.006 at the start of 2017. Its price increased by 10,360% to $0.63 as of October 1, 2024.

7. The USDC, or U.S. Dollar Coin

$35.3 billion is the market capitalization.
Return from year to year: 0%

Similar to Tether, USD Coin (USDC) strives for a 1 USD to 1 USDC ratio and is a stablecoin backed by US dollars. Ethereum powers USDC, and USD Coin allows you to conduct international transactions.

8. Dogecoin (DOGE)

$17.0 billion is the market capitalization.
Return year over year: 83%
Famously launched as a joke in 2013, Dogecoin quickly gained popularity as a cryptocurrency because of its committed community and inventive memes. Dogecoins can be manufactured indefinitely, unlike many other cryptocurrencies, which makes the currency vulnerable to depreciation as supply grows.

In 2017, the price of Dogecoin was $0.0002. By October 2024, the price had increased by 58,030% to $0.12.

9. The Toncoin (TON)

$14.5 billion is the market capitalization.
Return year over year: 178%
Toncoin was first created as a layer-1 blockchain for the encrypted messaging service Telegram, but it was quickly shelved and eventually acquired by the TON foundation. Even the project name, which was originally "Telegram Open Network," was altered to "The Open Network." Both names are abbreviated as TON.

The native token for TON is called Toncoin, formerly known as Gram. Through the usage of this application, users can send, receive, and store money over TON's lightning-fast, green network.

10. TRX, or TRON

$13.6 billion is the market capitalization.
Return from year to year: 75%
Much like Solana, TRON is a blockchain designed to run smart contracts and other DeFi applications. The platform's proof-of-stake consensus method is powered by TRX, the native cryptocurrency of the network.

When TRON was first established in 2017, one TRX token was worth $0.0019. In just a few months, TRX gained 11,715%, reaching a peak of $0.2245 in 2018. At the moment, TRX is worth about $0.16.

*Market caps and prices are current as of October 06, 2024, and are obtained from google.com.