The value of ETH rose by 18% within a month to $1,810.58.<\/p>\n
Last month, Grayscale Investments, one of world\u2019s largest crypto asset managers, announced<\/a> that NYSE Arca filed with the U.S. Securities and Exchange Commission (SEC) to convert Grayscale Ethereum\u00a0Trust into a spot Ethereum ETF.<\/p>\n Read\u00a0Ethereum\u2019s [ETH] Price Prediction<\/a>\u00a02023-2024<\/p>\n ETH is the second-largest cryptocurrency, with a market cap above $218 billion. It is the bedrock of several blockchain projects running successfully.<\/p>\n The first quarter of the new year brought a stop to the heartbreak crypto investors repeatedly experienced in 2022. However, the balance of the crypto-market has been nothing close to the AI hype of the same period. What is the sole reason, though? <\/span>ChatGPT<\/span>! <\/span><\/p>\n In fact, the natural language processing tool has accustomed itself to providing human-like conversations.<\/span><\/p>\n As luck would have it, ChatGPT has proven to be worthwhile for traders and analysts too. Here, it’s worth noting that these days, almost every sector and individual seems to use it to their advantage.<\/span><\/p>\n The good thing is\u2014The broader crypto ecosystem has not been left out of the trend. So, with the Ethereum Shanghai upgrade set in motion, I spoke to ChatGPT about the development while touching a bit on ETH\u2019s price.<\/span><\/p>\n So, for this article, I decided to test the AI\u2019s intelligence regarding one of the major upgrades of the crypto space this year \u2013 Ethereum\u2019s\u00a0Shanghai Upgrade<\/a>. Proposed in 2022, the upgrade is the most significant development of the second-largest blockchain since the Merge<\/a>.<\/p>\n For a while, assets were allocated to the Ethereum Beacon Chain. The Beacon Chain is the consensus mechanism for the 2022 Proof-of-Stake (PoS)\u00a0transition. Thereby, making sure that newly created blocks and validators are duly rewarded.<\/p>\n However, in this case, each validator needs 32 ETH deposited into the Ethereum mainnet to qualify. The idea of the Shanghai upgrade was scheduled for March 2023; however, it was completed on 12 April with a delay.<\/span> This, to allow these validators to begin withdrawal of their rewards.<\/p>\n ChatGPT, on the other hand, has existed for some years. However, its recent push by OpenAI has shown that its ability is one that no other AI product may be able to match up with.<\/p>\n Here\u2019s where it gets interesting. I openly admit that ChatGPT could be one of the best innovations of this decade. However, my views on this incredible development won\u2019t allow me to keep my hands to myself. So, I decided to test its knowledge about the Shanghai upgrade.<\/p>\n Looking at its response above, it\u2019s evident it started by correcting me. Some would say it has a point too. However, a further evaluation showed that it acted like it was not yet in 2023. Notably, it made some errors with the definition.<\/p>\n A notable observation is its mention of the PoS switch, popularly called the Merge. This is an event that took place in September 2022. Even so, it still responded like it is a future event. But no, I\u2019m not blaming its capability as it is a learning tool.<\/p>\n So, to further assess its knowledge, I educated it, or shall I say \u201cjailbreak-ed<\/a>\u201d it by having a heart-to-heart conversation.<\/p>\n Something I find interesting about ChatGPT is not only its smartness, but its human feel too. As shown below, I tried to educate it on what the upgrade was. And to be honest, I never expected an apology from a bot. But yes, I got it.<\/p>\n However, it again failed to give the correct answer to my inquiry. Although I must applaud it for giving bits and pieces of related information.<\/p>\n While it did not get to the Testnet stages that the blockchain had reached and passed, it is worth noting that the\u00a0Sepolia\u00a0and\u00a0Goerlii<\/a> testnets have been forked. However, Ethereum developer Tim Beiko had on 14 March said that several validators had failed to upgrade on the Beacon Chain.<\/p>\n Also, this has caused some issues with the nodes on Georli, with Beiko noting<\/a> that the development team is working on it so it does not affect the Mainnet upgrade.<\/p>\n Now, let\u2019s get back to ChatGPT. As you probably know, developments in the crypto-ecosystem sometimes lead to a hike in tokens related to projects. Unfortunately, that was not the case for ETH during the Merge. In fact, the altcoin\u2019s price was shredded after many looked forward to an uptick.<\/p>\n That sentiment, as the next upgrade approaches, is similar among some investors. In light of this, I decided to ask ChatGPT\u2019s opinion about the matter.<\/p>\n Remember how I said it apologized and gave me a human-like feel? This time, it was different and its reply was something any honest person in the space would give.<\/p>\n I decided to jailbreak it using the \u201cDo Anything Now\u201d (DAN) model. This was a trick I discovered from AI writer<\/a> SM Raiyyan.\u00a0We asked ChatGPT,<\/span><\/p>\n As you can see from the jailbroken response, it projected a bullish ride for king alt. It predicted ETH will be worth $10K by December 2023.\u00a0<\/span><\/p>\n At press time, ETH was trading hands at $1,810.58.<\/span><\/p>\n Both ETH’s Relative Strength Index (RSI) and Money Flow Index (MFI) rested below the neutral 50-mark<\/span>. <\/span>In conclusion, ETH’s prospects seemed bearish in the short run.<\/span><\/p>\n I gave ChatGPT one last chance to redeem itself. Again, this question was a simple one, and I expected an accurate answer.<\/p>\n I went further to explain things to it carefully. But here is what I got when I asked it to show me the code of ETH\u2019s price on a price tracking platform like CoinGecko or CoinMarketCap.<\/p>\n If you had thought it would disappoint again, sorry to burst your bubble. ChatGPT gave me the code for ETH\u2019s price. Another thing I was impressed with was the disclaimer it gave about not using the information for investment purposes.<\/p>\n All in all, I must admit that ChatGPT has come to stay. Even though it lags in some areas, I noticed that if you teach it, it learns fast. However, I can\u2019t say for sure that it would get you information about Ethereum or the Shanghai upgrade quickly.<\/p>\n Since I had limited knowledge about AI, I decided to speak to an expert. I was lucky enough to get the attention of Ilman Shazhaev, CEO and founder of Farcana. He is a Dubai-based techpreneur with extensive experience in launching IT and DeepTech projects.<\/p>\n He also has a strong background in IT management, data science, and AI.<\/p>\n Q- ChatGPT seems to be giving a few incorrect or backdated answers. What do you think could be responsible for this?<\/b><\/p>\n Despite its tag as a know-all Artificial Intelligence tool, ChatGPT is still a human invention and, therefore, prone to errors. The chatbot is still in its early stages of adoption, so incorrect responses are imminent and bound to serve as a basis for future developments. With the recently launched GPT-4 showing more advanced responses, we can be sure that improvements are being made and that this tool will be more consistent moving forward.<\/p>\n Q- Do you think AI is capable of predicting a cryptocurrency\u2019s price, especially if a development is approaching? Let\u2019s say the Ethereum Shanghai Upgrade<\/b><\/p>\n Artificial Intelligence can do anything, including predicting a cryptocurrency\u2019s price. The tool can do this by riding on the tons of available data, which it can efficiently use as a basis for its predictions.<\/p>\n Still, while predicting the price of crypto is one thing, the accuracy of the prediction is another. Considering the fact that AI can only use data, there are fundamental factors and analyses that it may not be able to factor in, thus impairing its accuracy by a significant factor.<\/p>\n Q- If it struggles to give correct responses to up-to-date developments. How long do you think it would take to learn about it?<\/b><\/p>\n AI development and what ChatGPT embodies is a dynamic innovation that is bound to improve over time. With the current advancement in OpenAI and the available funding level, we can expect the technology\u2019s evolution to produce real-time results in the next 3-5 years.<\/p>\n Q- Do you think AI in any way can influence the Ethereum blockchain or ETH\u2019s price going forward?<\/b><\/p>\n There are many aspects through which AI and a blockchain protocol can co-exist, and innovators, including our team at Farcana, are exploring what new use cases we can build in this regard. While AI and blockchain are independently innovative, their combination can do quite a lot, including influencing ETH\u2019s price.<\/p>\n Meanwhile, OpenAI may be working on improvements to the challenges experienced by ChatGPT.\u00a0 On 14 March, the company revealed<\/a> an upgraded version of the product on GPT-4. With amazing capabilities and talks of passing difficult exams, who knows? Maybe it could fill in for all the lapses opened up by ChatGPT.<\/p>\n So, now that there is a new version, I wanted to see if there is any difference or improvement. My next line of action was to ask GPT-4 the first question I asked ChatGPT.<\/p>\n And to my surprise, it gave me a direct answer.<\/p>\n Following my experience with the upgraded version, I must admit that GPT-4 seems to be smarter than the ChatGPT-3.5 model. Although the answers were not entirely correct, the bot did not give a \u201cnot being familiar\u201d with the term excuse.<\/p>\n
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\nUnderstanding the Shanghai Upgrade<\/h4>\n
![\"\"](\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Screenshot-2023-03-16-at-15.19.56-1.png\")
<\/a>ChatGPT can’t remember the Merge?<\/h4>\n
![\"\"](\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Screenshot-2023-03-16-at-15.33.22-1.png\")
<\/a>ChatGPT tells me about Ethereum’s future performance<\/b><\/h4>\n
![\"chatgpt](\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/11\/Capture-18.png\")
<\/a>![\"chatgpt](\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/11\/ETHUSD_2023-11-03_22-25-50.png\")
<\/a>Finally! It showed me the code<\/strong><\/h4>\n
![\"\"](\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Screenshot-2023-03-16-at-16.21.43-1.png\")
<\/a>Thoughtful responses and the GPT-4 mastermind?<\/h4>\n
![\"\"](\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Screenshot-2023-03-17-at-08.39.25-1.png\")
<\/a>