I asked ChatGPT to predict the price of Filecoin in 2023 as its price witnessed a dip along with other cryptocurrencies.
, and a few other top coins definitely cast a huge shadow on other cryptocurrencies and their blockchains. FIL is among the blockchain projects overshadowed by its bigger brothers. However, that has not taken away from its potential.We decided to go through the AI route in our pursuit of wanting to find out what the future has in store for Filecoin. ChatGPT can be quite useful at times but it is not the most accurate either. So, our Filecoin-ChatGPT adventure had to have the right questions.
After establishing that ChatGPT handled the question properly, we embarked on the next step – finding out what it could predict about Filecoin’s future. Previous experiences with the AI platform and future predictions have often been unsuccessful. But what if we could use a different angle?The answer we got to the above question was quite sensible. ChatGPT commenced by stating that the network is poised to achieve success under the right conditions.
Filcoin’s market cap at press time indicated an underperformance, despite its impressive growth. It had a $1.5 billion market cap, a fraction of its $3.58 billion market cap peak earlier in 2023. A coin’s market cap is heavily influenced by the overall crypto market conditions and sentiment. But what about its price action?ChatGPT’s Filecoin price prediction inquiry did not yield a clear-cut answer, largely because it did not have access to real-time pricing data. However, it noted that there are multiple factors that affect prices.
The good news is that the network is one of the few that operate within its decentralized storage niche market. This is promising for the future ofAs far as prices are concerned, FIL traded at $3.48 at press time. Both its Relative Strength Index and Money Flow Index rested above the neutral 50-level. But its On Balance Volume showed a downtick.
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