ChatGPT, the trending AI application, has predicted the correlation between Elon Musk’s tweets and Dogecoin (DOGE) to be as strong as ever. However, it also mentioned that the actions of the Twitter CEO suggest market manipulation, with speculation surrounding the recent Twitter logo change and DOGE’s hike. Investors have accused Musk of manipulating the cryptocurrency, leading to a proposed class-action lawsuit. Despite Musk’s enthusiastic support for DOGE, there has been little effect on the price action of late. A $1,000 investment in DOGE is considered a wise decision for the long term, backed by a strong community of supporters and growing acceptance as a form of payment. OpenAI has evaluated its model, GPT-4, for safety concerns and improving factual accuracy, with progress being made for future references in the crypto ecosystem. At the time of writing, DOGE was trading at $0.0609 with a market cap of $9 billion. Its technical indicators suggest bearish sentiment for the memecoin’s short-term prospects.
In recent years, Dogecoin has become a cultural phenomenon, largely thanks to Tesla CEO Elon Musk’s vocal support. Investors have accused Musk of manipulating the cryptocurrency, and DOGE’s correlation with Musk’s tweets has been predicted to remain solid. However, market conditions have worsened, and Musk’s tweets have had little effect on DOGE’s price action. Despite this, investing in DOGE for the long term is considered a wise decision, backed by a strong community of supporters and growing acceptance as a form of payment. OpenAI has evaluated its model, GPT-4, for safety concerns and improving factual accuracy, with progress being made for future references in the crypto ecosystem. DOGE’s technical indicators suggest bearish sentiment for its short-term prospects, with the memecoin’s value at $0.0609.
