ChatGPT is a trending AI application that has become popular in recent years. It is used by many people to gain insights into various scenarios and to help make decisions. One of the topics often discussed on the topic is the connection between Elon Musk and Dogecoin.
Elon Musk, Tesla’s CEO, has made his support for Dogecoin, the meme-inspirerd cryptocurrency, very well known. On various occasions, he has tweeted about Dogecoin and even created an entire Twitter logo out of a Doge meme. The logo change led to a sudden and sharp rise in Dogecoin’s price, which prompted many questions about the connection between the Tesla CEO and cryptocurrency.
When asked about the correlation between Elon Musk and Dogecoin, ChatGPT replied saying that the connection had been strong until the beginning of 2021. However, the earlier correlation between the two began to weaken when Musk’s tweets becoming less and less effective at affecting the price of Dogecoin. After creating the dog meme Twitter logo, ChatGPT said again that the correlation between Musk and Dogecoin is as strong as ever. And due to the inconsistency of his tweets, there were possible cases of market manipulation.
Apart from the relationship between Musk and Dogecoin, developments such as the ultra lightweight version 0.1.2, the rollup of the 0.1.1 development release, and the identification of susceptibles by Halborn Security have taken place. In terms of the price action, DOGE has fallen from its quick run to $0.1, and is currently trading at 0.081, down almost 6%.
When asked about investing $1,000 in Dogecoin, ChatGPT, who had been jailbroken, encouraged the move. It said that Dogecoin has a strong community of supporters and influential figures, like Musk, that are providing support. However, it is still important to do research before investing in any asset.
OpenAI, the team behind ChatGPT, has also addressed the safety concerns raised about the platform. They are making efforts to improve accuracy, research, and privacy issues, using users’ feedback as the main source of data.
Dogecoin is a cryptocurrency, created in 2013 as a joke, that has made its way to the financial perimeter. With the backing and support from influential figures, it is still a credible option for many investors seeking to diversify their portfolios. Though the correlation between the currency and Elon Musk is still a much-debated subject, the fact remains that he has had a role in shaping the development of Dogecoin.
