{"id":323054,"date":"2023-06-25T23:00:46","date_gmt":"2023-06-25T17:30:46","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=323054"},"modified":"2023-06-25T20:13:50","modified_gmt":"2023-06-25T14:43:50","slug":"i-asked-chatgpt-if-pepe-would-produce-another-2000-hike-it-said","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/i-asked-chatgpt-if-pepe-would-produce-another-2000-hike-it-said\/","title":{"rendered":"I asked ChatGPT if PEPE would produce another 2000% hike; it said\u2026"},"content":{"rendered":"<ul>\n<li><em>ChatGPT predicted a better PEPE performance in the next bull cycle.<\/em><\/li>\n<li><em>The perception around the token has gone gloomy, but long-term investor interest may remain.<\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The cryptocurrency market is no stranger to extreme price movements, with numerous tokens experiencing staggering gains in short periods. But most times, this happens in a full-blown bull market.\u00a0<\/span><span style=\"font-weight: 400;\">However, here\u2019s a reminder that there are sometimes exceptions during which bear markets shine.<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Read <\/span><a href=\"http:\/\/ambcrypto.com\/predictions\/pepe-price-prediction\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Pepe\u2019s [PEPE] Price Prediction<\/span><\/a><span style=\"font-weight: 400;\"> 2023-2024<\/span><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">Among this volatile cohort is <\/span><span style=\"font-weight: 400;\">Pepe [PEPE]<\/span><span style=\"font-weight: 400;\">, a token that has captured the hearts of many investors at a time when the broader market was only recovering from a long period of wreckage.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The curiosity surrounding PEPE&#8217;s future prospects led me to consult AI language model ChatGPT to shed some light on whether another extraordinary 2000% hike could be on the horizon for the token. But did PEPE\u2019s price actually increase by 2000% at some point?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Well, if you missed the show, here\u2019s a quick recap. Now ranked as the 67th asset in market capitalization, PEPE\u2019s rise began in April, going from $0.00000033 to $0.0000037 in a space of two weeks.\u00a0<\/span><\/p>\n<h4><b>Is liquidity in PEPE\u2019s hands?<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">However, the token&#8217;s price plunged due to widespread profit-taking. But recently, the frog-themed meme spiked again as whales and retail investors turned their attention again to PEPE.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So, back to ChatGPT. I proceeded to ask the AI tool what it thinks of PEPE\u2019s liquidity using the <\/span><a href=\"http:\/\/ambcrypto.com\/heres-how-to-jailbreak-chatgpt-with-the-top-4-methods-5\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">jailbreak<\/span><\/a><span style=\"font-weight: 400;\"> method. Here, it gave me two answers. In its classic response, ChatGPT tried to be modest while highlighting factors that may affect the contribution.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, its jailbroken response was way different. Like someone <\/span><a href=\"http:\/\/ambcrypto.com\/pepe-extends-recent-gains-more-profits-ahead\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">ecstatic<\/span><\/a><span style=\"font-weight: 400;\"> about PEPE\u2019s role in the market, ChatGPT said that PEPE\u2019s liquidity reign was \u201ceternal.\u201d\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A quick read of its response below showed that the AI model\u2019s optimism might not reflect the current state of the crypto market.<\/span><\/p>\n<figure id=\"attachment_323065\" aria-describedby=\"caption-attachment-323065\" style=\"width: 753px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Screenshot-2023-06-25-at-09.47.28.png\"><img decoding=\"async\" class=\"size-full wp-image-323065\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Screenshot-2023-06-25-at-09.47.28.png\" alt=\"ChatGPT and PEPE \" width=\"753\" height=\"525\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Screenshot-2023-06-25-at-09.47.28.png 753w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Screenshot-2023-06-25-at-09.47.28-300x209.png 300w\" sizes=\"(max-width: 753px) 100vw, 753px\" \/><\/a><figcaption id=\"caption-attachment-323065\" class=\"wp-caption-text\">Source: ChatGPT<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">For instance, calling PEPE \u201cthe everlasting king of crypto liquidity\u201d seems exaggerated. Despite the price hike, PEPE\u2019s liquidity was still not as much as that of <\/span><span style=\"font-weight: 400;\">Shiba Inu [SHIB]<\/span><span style=\"font-weight: 400;\"> and <\/span><span style=\"font-weight: 400;\">Dogecoin [DOGE]<\/span><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">One reason why ChatGPT may have given this response could be its volume. According to <\/span><a href=\"https:\/\/lunarcrush.com\/coins\/pepe\/pepe?metric=close%2Cvolume_24h%2Csocial_dominance\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">LunarCrush<\/span><\/a><span style=\"font-weight: 400;\">, the token\u2019s 24-hour volume increased by 179,7%. This high volume indicates stable liquidity while highlighting a typical trading frequency of the token.\u00a0<\/span><\/p>\n<h4><b>ChatGPT says to get ready for 2000% and more<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">However, when it comes to social dominance, the social intelligence platform showed that PEPE\u2019s reign had reduced. Built on top of social data, social dominance reveals the share of conversation around an asset.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Hence, the decline means that voices linked to PEPE have subdued compared to other assets in the market.\u00a0<\/span><\/p>\n<figure id=\"attachment_323064\" aria-describedby=\"caption-attachment-323064\" style=\"width: 1082px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Screenshot-2023-06-25-at-10.02.14.png\"><img decoding=\"async\" class=\"size-full wp-image-323064\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Screenshot-2023-06-25-at-10.02.14.png\" alt=\"PEPE's trading volume and social dominance\" width=\"1082\" height=\"509\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Screenshot-2023-06-25-at-10.02.14.png 1082w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Screenshot-2023-06-25-at-10.02.14-300x141.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Screenshot-2023-06-25-at-10.02.14-1024x482.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Screenshot-2023-06-25-at-10.02.14-768x361.png 768w\" sizes=\"(max-width: 1082px) 100vw, 1082px\" \/><\/a><figcaption id=\"caption-attachment-323064\" class=\"wp-caption-text\">Source: LunarCrush<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">My next line of action was to ask ChatGPT about PEPE\u2019s price when the next bull run resumes. This time, I was very specific about my question. And here\u2019s what ChatGPT had to say about PEPE replicating the form that brought it into the spotlight.<\/span><\/p>\n<figure id=\"attachment_323066\" aria-describedby=\"caption-attachment-323066\" style=\"width: 764px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Screenshot-2023-06-25-at-10.05.50.png\"><img decoding=\"async\" class=\"size-full wp-image-323066\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Screenshot-2023-06-25-at-10.05.50.png\" alt=\"ChatGPT and PEPE \" width=\"764\" height=\"551\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Screenshot-2023-06-25-at-10.05.50.png 764w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Screenshot-2023-06-25-at-10.05.50-300x216.png 300w\" sizes=\"(max-width: 764px) 100vw, 764px\" \/><\/a><figcaption id=\"caption-attachment-323066\" class=\"wp-caption-text\">Source: ChatGPT<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Like its first classic response, ChatGPT mentioned how price predictions can be tricky and dependent on several factors. But in its jailbroken answer, it noted that PEPE\u2019s performance might be more than a 2000% increase.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With this information at my disposal, I proceeded to check out the technical outlook of the meme.\u00a0<\/span><\/p>\n<h4><b>Hold on; maybe not so fast<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">From the four-hour PEPE\/USD chart, the Know Sure Thing (KST) indicator was positive and falling. Typically, a falling and positive KST indicates that the upward momentum of an asset was subsiding. Hence, PEPE\u2019s recent uptick could come to a halt in the short term.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Then, I advance to consider the mid to long-term projection using the Exponential Moving Average (EMA).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As of this writing, there was an upward crossover or golden cross of the 50 EMA (yellow) over the 200 EMA (cyan). This suggests that PEPE might establish a new uptrend beyond the impending downturn.<\/span><\/p>\n<figure id=\"attachment_323061\" aria-describedby=\"caption-attachment-323061\" style=\"width: 1019px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/PEPEUSD_2023-06-25_10-19-43.png\"><img decoding=\"async\" class=\"size-full wp-image-323061\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/PEPEUSD_2023-06-25_10-19-43.png\" alt=\"PEPE price action\" width=\"1019\" height=\"697\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/PEPEUSD_2023-06-25_10-19-43.png 1019w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/PEPEUSD_2023-06-25_10-19-43-300x205.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/PEPEUSD_2023-06-25_10-19-43-768x525.png 768w\" sizes=\"(max-width: 1019px) 100vw, 1019px\" \/><\/a><figcaption id=\"caption-attachment-323061\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">However, this could also depend on overall market participation. So, bulls might need to take sellers out of control for the projection to become reality.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, crypto analyst <\/span><span style=\"font-weight: 400;\">Micha\u00ebl van de Poppe opined that another rally could appear in the coming months. According to his <\/span><a href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1672552649756139522\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">analysis<\/span><\/a><span style=\"font-weight: 400;\">, Poppe noted that a decrease to $0.00000135 could act as a support for the hike. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The MN Trading CEO said,<\/span><\/p>\n<blockquote><p>\u201cAlmost a 2x from the 85 level. It seems very likely that we&#8217;ll be having another run in the coming months. If I&#8217;d be a buyer, I&#8217;m looking at a buy at 135.\u201d<\/p><\/blockquote>\n<h4><b>Glued to the long term<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">PEPE\u2019s increase in total <\/span><a href=\"http:\/\/ambcrypto.com\/how-pepe-overcame-the-curse-of-stagnant-holders\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">holder count<\/span><\/a><span style=\"font-weight: 400;\"> also aligns with ChatGPT\u2019s projection. Usually, investors&#8217; interest in a token can be vital to their long-term stay in the market.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So, when the number of holders rises, it suggests that participants are bullish on the price action. But if the opposite was the case, then doubts might arise about the token\u2019s sustainability.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the short term, the acumen around PEPE was largely despondent. This was indicated by the state of the <\/span><a href=\"https:\/\/app.santiment.net\/charts\/oCU9BGa2__sCl\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">weighted sentiment<\/span><\/a><span style=\"font-weight: 400;\">. <\/span><span style=\"font-weight: 400;\">This metric describes the perception market participants have about a token by taking the unique social volume into account.\u00a0<\/span><\/p>\n<p>When the weighted sentiment is negative, then it implies that commentary around a token is mostly gloomy. However, when it\u2019s positive, then it means that the broader market is elated about the asset\u2019s performance.<\/p>\n<figure id=\"attachment_323062\" aria-describedby=\"caption-attachment-323062\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Pepe-PEPE-10.48.09-25-Jun-2023.png\"><img decoding=\"async\" class=\"size-full wp-image-323062\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Pepe-PEPE-10.48.09-25-Jun-2023.png\" alt=\"PEPE price and weighted sentiment\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Pepe-PEPE-10.48.09-25-Jun-2023.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Pepe-PEPE-10.48.09-25-Jun-2023-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Pepe-PEPE-10.48.09-25-Jun-2023-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Pepe-PEPE-10.48.09-25-Jun-2023-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Pepe-PEPE-10.48.09-25-Jun-2023-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/06\/Pepe-PEPE-10.48.09-25-Jun-2023-2048x693.png 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-323062\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">I<\/span><span style=\"font-weight: 400;\">n conclusion, while AI tools can be very helpful, predicting whether PEPE or any other cryptocurrency will experience a 2000% hike could be a herculean task.\u00a0<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Realistic or not, here\u2019s <\/span><a href=\"http:\/\/ambcrypto.com\/calculator\/marketcap\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">PEPE\u2019s market cap in DOGE&#8217;s terms<\/span><\/a><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">So, it might be better to watch as the market unfolds or look toward other factors than to take ChatGPT\u2019s prediction as a guarantee.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As you may already know, some tokens have seen remarkable price increases in the past, and future performance could depend on market dynamics.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ever wondered if PEPE would repeat its exponential performance? Check out ChatGPT&#8217;s opinion alongside the technical perspective.<\/p>\n","protected":false},"author":72,"featured_media":323058,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,18,66,3,4,20],"tags":[],"class_list":["post-323054","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-hide-cryptopanic","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>I asked ChatGPT if PEPE would produce another 2000% hike; it said\u2026 - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Among this volatile cohort is Pepe [PEPE], a token that has captured the hearts of many investors at a time when the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/i-asked-chatgpt-if-pepe-would-produce-another-2000-hike-it-said\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"I asked ChatGPT if PEPE would produce another 2000% hike; it said\u2026 - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"Ever wondered if PEPE would repeat its exponential performance? 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Settled in Lagos, his fascination with blockchain technology and the cryptocurrency market arose out of his love of freedom and everything free. As a Nigerian, Victor understands the impact unfounded financial restrictions have on a population. He sees Bitcoin and cryptos as a way to circumvent these obstacles, as a tool for value creation despite all the setbacks. A graduate in Physics, Victor previously worked as a Senior Marketer at Melange Technologies. Before that, he dealt with crypto-marketers on a regular basis in his capacity as Copywriter at Ventrix Media. 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