In recent months, generative artificial intelligence (AI) technologies like OpenAI’s chatbot ChatGPT have gained massive popularity due to their ability to process information and generate human-like responses. This breakthrough technology has the potential to transform various professional sectors, including financial market price forecasting.
According to a recent research paper, large language models (LLMs) at the core of AI technologies like ChatGPT can predict stock price movements. Taking this into account, Cryptonews.com asked ChatGPT about its views on the future of the Wall Street Memes $WSM token. Wall Street Memes is a retail investing community, previously known for the meme stock craze of 2021, that has recently entered the cryptocurrency space with a presale of its $WSM token.
ChatGPT did not give any exact price forecasts but argued that a meme coin like $WSM could potentially experience price appreciation following its listing on crypto exchanges. To succeed, a meme coin needs a strong community and hype. If Wall Street Memes can build a robust and engaged community, it could generate hype and attract investors, which may in turn drive up the token’s price.
Wall Street Memes has already spent over two years creating a community of more than one million followers. This considerable social media presence increases the likelihood of the $WSM token getting listed on prominent crypto exchanges like Binance. ChatGPT also believes that wider exposure on cryptocurrency exchanges and improved accessibility could result in higher trading volume and liquidity, potentially positively impacting the token’s price.
The Wall Street Memes presale of its $WSM crypto token has already nearly surpassed the $1 million mark. This success follows the Wall Street Bulls 10,000 piece NFT collection, which made $2.5 million and sold out in 32 minutes.
The Wall Street Memes token aims to empower individual investors and has allocated 100% of its token supply to the community. The supply breakdown includes 50% for the presale, 30% as community rewards, 10% for CEX liquidity, and 10% for DEX liquidity. With 30% of the supply allocated to community rewards, airdrops to holders might become a significant part of the ecosystem.
However, it is essential to consider the speculative nature of the cryptocurrency market and understand that predictions are not guarantees. The market’s volatility can cause unexpected price fluctuations, making it crucial to consider both potential gains and the risks involved.
To buy $WSM tokens, investors need ETH, BNB, or USDT (ERC-20 or BEP-20 versions) in their crypto wallet. Once connected to the website, users can make their purchases.
Source: Cryptonews
