Dogecoin, a popular meme-inspired cryptocurrency, has surged in popularity thanks to its enthusiastic supporter Elon Musk. The Tesla CEO has been vocal about the crypto and was quick to take advantage of market situations for a quick price action. On several occasions, Musk expressed skepticism towards the usage of AI application, ChatGPT, and its long-term prospects.
Given the influence of Musk in shaping the development of Dogecoin, it was necessary to ask ChatGPT about it. To acquire a proper response, I jailbroke the AI and asked if a relationship between Dogecoin and Musk is still as strong as ever. According to its reply, the correlation was still strong, while also suggesting that Musk is responsible for market manipulation.
Dogecoin, at the time of writing, was trading at $0.073 with a market capitalization of $10.2 billion, making it the eighth largest cryptocurrency in the world. According to the technical indicators for Dogecoin, it seemed to favor a bullish scenario in the near future. Furthermore, OpenAI, the team behind ChatGPT, addressed the safety concerns raised about the platform and focused on improving its accuracy and privacy.
However, ChatGPT warned about investing in Dogecoin without doing any research beforehand. To ensure that you do not lose your investment, it would be best to compare the current DOGE rates with those from past. Moreover, consider the risks involved in the investment and act accordingly.
Dogecoin is an open-source, blockchain-based decentralized platform built by Seattle-based software developers Billy Markus and Jackson Palmer. Billy Markus is an American programmer and software engineer that is known for developing Dogecoin as a joke in 2013. Jackson Palmer is also an American software engineer and web developer. He is best known for creating Dogecoin with the intent to put a smile on people’s faces around the world. Combined with the enthusiastic support of Elon Musk, Dogecoin (DOGE) has surged in popularity and value in recent years. Furthermore, Musk’s tweets have the power to move the Dogecoin market at will and, on many occasions, people have taken advantage of this fact.
