Although the meme coin market has pulled back in the past week, traders are still trying to find the next big thing.
As a result, AI chatbot ChatGPT has waded into the action by offering its price analysis on some of the market’s hottest tokens.
From established players like Dogecoin (DOGE) and Pepe (PEPE) to emerging stars like Sponge V2 (SPONGEV2), which meme coins does ChatGPT believe could surge next?
ChatGPT Unpacks Dogecoin’s Recent Volatility
Leading the meme coin market is Dogecoin, the OG token that helped spark the craze.
DOGE’s price currently sits at $0.134 after a whirlwind few weeks.
ChatGPT notes that the coin experienced a 78% rally from January’s lows, peaking at $0.206 two weeks ago before pulling back substantially.
The AI model attributes Dogecoin’s wild swings to renewed interest and optimism around meme coins.
However, the pullback from its recent peak suggests an overheated rally – leading to profit-taking from traders.
Looking ahead, ChatGPT sees Dogecoin’s trajectory continuing to be influenced by its online community.
In a bullish scenario in which this community continues growing, and DOGE finds more use cases, ChatGPT believes the coin could target the $0.25 to $0.30 range by year’s end.
This assumes favorable market conditions, which are crucial to meme coins’ success.
ChatGPT Weighs In on PEPE’s Price Prospects
Another meme coin catching ChatGPT’s attention is Pepe, which recently hit an all-time high of $0.0000108 before returning to current levels around $0.00000723.
Despite the price retracement, the chatbot notes that hype around PEPE remains elevated, suggesting the loyal community could fuel another rally.
Like with Dogecoin, ChatGPT attributes PEPE’s recent peak to the overall buzz around meme coins.
PEPE’s all-time high likely stemmed from a frenzy of retail speculation that quickly cooled off once investors cashed out.
In the near term, ChatGPT expects some consolidation for PEPE as the market digests its recent price movements.
However, the AI model does believe that further buying pressure is likely if key support levels can be defended.
If demand does pick back up, ChatGPT sees PEPE potentially revisiting its ATH – or even pushing as high as $0.000015.
Conversely, dwindling interest in meme coins could put PEPE at risk of further retracements.
Polygon-Based Sponge V2 Attracts Bullish Price Prediction from ChatGPT
The meme coin that’s truly catching ChatGPT’s attention is Sponge V2 on Polygon.
The AI model is highly bullish on this project, pointing to its recent performance as a sign of immense potential in 2024.
After hitting an all-time high of $0.00423 on March 9, SPONGEV2 saw a pullback, yet it has rebounded 11% in the past 12 hours.
ChatGPT is optimistic that this rebound can be sustained, and SPONGEV2’s growing community of over 51,000 holders is fueling this optimism further.
According to ChatGPT, this community growth is likely due to Sponge V2’s upcoming play-to-earn (P2E) game and lucrative staking rewards.
ChatGPT also believes Sponge V2’s migration to the scalable Polygon chain provides a significant advantage by tapping into that ecosystem.
Putting everything together, ChatGPT has a bullish long-term view of Sponge V2.
If the developers can execute their roadmap and continue growing the holder base, ChatGPT believes SPONGEV2 could rise to $0.007 in the coming weeks.
This would represent a 159% increase from the token’s current value.
So, although SPONGEV2 may be going through a tough patch, ChatGPT believes the token still has upside potential under these circumstances.
Shiba Inu & Dogecoin20 Also On ChatGPT’s Radar
While Sponge V2 seems to have captured ChatGPT’s imagination, the AI model hasn’t forgotten about other trending meme coins.
ChatGPT remains optimistic about the prospects for both Shiba Inu (SHIB) and the upcoming Dogecoin20 (DOGE20) project.
For SHIB, currently trading at $0.0000254, ChatGPT notes the token is currently in a sharp pullback.
However, the AI model believes SHIB’s extensive ecosystem and token-burning mechanisms could lay the foundation for a recovery.
If market sentiment improves, ChatGPT sees SHIB potentially reaching $0.000035 in the short-to-medium term – returning to where it was in early March.
The AI is even more bullish on Dogecoin20, which has raised over $3.7 million in its ongoing presale at $0.000202 per token.
ChatGPT cites Dogecoin20’s high-yield staking protocol and imminent Uniswap launch as catalysts that could generate major hype in the near future.
Assuming the presale momentum continues, ChatGPT believes the new token could rocket to as high as $0.004 this year.
Should this scenario play out, it would represent an enormous 1,880% increase from the current DOGE20 price.
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