Last updated:
Author
Simon Chandler
Author
Simon Chandler
Share
Why Trust Cryptonews
Ad Disclosure
We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria.
The cryptocurrency market has risen by a modest 0.5% today, with some of the top performing coins including Solana, Dogecoin, XRP, Shiba Inu and Stellar.
These have all outperformed the market as a whole, with XRP and Stellar (XLM) up by an impressive 15% and 12.5% in 24 hours, while SOL, SHIB and DOGE have posted gains between 2.5% and 3%.
To delve a little further into these particular tokens and examine why they’re currently doing well, we asked ChatGPT for some analysis on each of them.
And while ChatGPT’s analysis is quite cautious is certain respects, its possible that some of the coins below will exceed the AI’s forecasts.
ChatGPT Has Bullish Predictions for These Top Performing Coins: DOGE to Hit $1.38, What’s Next?
Solana (SOL)
As one of the top performing coins today, Solana is currently sat at $241, which represents a 3% gain in a day and a 36% increase in a month.
According to ChatGPT, “SOL has formed a bullish ascending triangle pattern, indicating potential upward momentum.”
We can see this pattern in the chart below, which also shows the coin’s RSI (purple) and 30-period average (orange) gaining momentum.
Such moves make credible ChatGPT’s claim that Solana could reach $269 by the end of December, and then around $300 by early 2025.
Ripple (XRP)
With XRP, ChatGPT notes that it “has broken above the $1.50 resistance level, suggesting a bullish breakout.”
While we can disregard the prediction that XRP will reach a lower price by December 25 of this year (a sign that ChatGPT’s regurgitations shouldn’t be taken as gospel), the AI also predicts $2 by February and $3.45 by the end of next year.
This implies an increase of 107% from its current level, which is more than doable.
XRP’s chart shows why the alt is one of the market’s top performing coins today, with its RSI passing 75.
This is a sign of real momentum and buying pressure, and it’s possible that the coin breaks its current resistance level (red) of around $1.69.
If not, it will come down and then have another attempt at reaching $1.70 in the following days.
Stellar (XLM)
XLM is the next top performing coin today after XRP, having risen by 12.5% in 24 hours and 88% in a week.
It seems that the alt is compensating for lost time, given that it’s still 38% below the ATH of $0.8756 it set in January 2018.
ChatGPT reports that “XLM is exhibiting a bullish flag pattern, indicating potential for upward movement.”
It also predicts a rise to $0.55 by December, which is well within reach, given that the coin has hit $0.5323 today.
Yet its target for November of next year is only $0.75, which is perhaps a little conservative given that this would still be below XLM’s 2018 ATH.
Dogecoin (DOGE)
DOGE is currently at around $0.4129, with its 6.5% gain in a week and 142% increase in a month easily making it one of the top performing coins of the post-election period.
ChatGPT is seemingly bullish about the meme token, replying that “DOGE has formed a cup and handle pattern, suggesting a potential upside price target of $1.385.”
It’s not clear, however, when it expects DOGE to reach this level, since its end-of-2025 target for the meme token is $1.07.
$1.385 may be a best-case scenario for Dogecoin during the current cycle, while it could be a much longer term target.
Either way, DOGE does look very strong today, with its 30-period average (orange) recently climbing over its 200-period (blue).
It certainly looks on course to reach $0.45 early next month, and could top $0.50 by the end of the year.
Shiba Inu (SHIB)
For SHIB, ChatGPT is expecting the market’s second-biggest meme coin to reach $0.000039, based largely on the “inverted head-and-shoulders pattern” it has recently formed.
The AI also expects SHIB to pass its ATH of $0.000086 next year, although it doesn’t specify a more precise season or month.
Regardless, it is encouraging to note that Shiba Inu’s chart does indeed form an inverted head-and-shoulders pattern today, while it’s also exhibiting a classic bullish pennant.
And with its RSI rising back above 50, it does seem that SHIB could have a strong weekend.
It’s likely to climb over $0.000030 in the next one or two weeks, before starting 2025 at around $0.000035.
High-Potential Alternatives to Consider
The issue with top performing coins is that they can enter an overbought position and start to fall down.
In which case, traders would do well to invest in fresher alternatives, which includes new small-cap tokens and also presale coins.
One of the most promising presale coins available right now is Best Wallet Token (BEST), the native ERC-20 cryptocurrency of the popular software wallet.
It launched its sale at the end of last month, and has already gone on to raise over $1.5 million.
BEST’s quick rise to $1.5 million (and counting) is a clear sign of its potential success, with the coin set to serve as the utility token for Best Wallet.
As such, it will provide holders with discounts on transaction fees, higher staking rewards, voting rights, as well as early access to new projects, presales and airdrops.
This gives BEST plenty of utility, with demand for the token likely to rise in parallel with Best Wallet’s growth as a software wallet.
BEST comes with a capped supply of only 10 billion tokens, making it potentially deflationary over time, especially with rising use and demand.
And given Best Wallet’s extensive features and utility as a wallet, BEST could really surge when it lists next year.
Investors can join its sale by heading over the official Best Wallet Token website, where the coin is selling at $0.02285.
Its sale has 100 stages in total, so it will rise in price quickly and substantially before it lists.
This makes buying it now rather than later a very prudent action, especially when it could have such a strong listing.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
