DOGE or SHIB? We asked ChatGPT-4o which is a better buy for 2025 Share
Cryptocurrency Nov 5, 2024As the US election unfolds, investors are closely watching its impact on the financial markets. Cryptocurrency, a hot topic in political and economic discussions, has taken center stage, with digital assets like Dogecoin (DOGE) and Shiba Inu (SHIB) gaining significant attention.
As the market braces for potential shifts, the focus turns to which of these meme coins holds the most promise for 2025.
To provide further insights, Finbold consulted ChatGPT-4o, an advanced AI model, to analyze the future potential of both DOGE and SHIB.
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The AI offered a detailed outlook on each coin’s prospects, focusing on critical factors such as momentum, investor activity, and technological developments.
Dogecoin: Political and technical tailwinds
Market momentum
The price of Dogecoin has surged by 10.5% over the past 24 hours, hitting $0.168, and posting an impressive 60% rise over the past month.
This jump, which comes as election hype swirls, outpaces the broader cryptocurrency market’s performance.
Elon Musk’s involvement in Donald Trump’s New York rally is a key driver behind Dogecoin’s recent surge.
Musk, a long-time DOGE advocate, donated $118 million to Trump’s Super PAC. His potential role in the Department of Governmental Efficiency (D.O.G.E.) could further boost DOGE’s adoption and market position if Trump wins the presidency.
DOGE price outlook. Source: ChatGPT/Finbold
Investor interest and technical factors
Dogecoin has also seen advancements, such as LibDogecoin and GigaWallet, aimed at enhancing the ecosystem’s strength.
The AI believes these upgrades could substantially bolster adoption, especially if more major merchants join Tesla (NASDAQ: TSLA) and AMC (NYSE: AMC) in accepting Dogecoin as payment.
Moreover, Dogecoin recently received a technical “buy” signal on the TD Sequential indicator on the 4-hour chart, according to analyst Ali Martinez. Should DOGE maintain its support above $0.141, the token could climb, supported by this momentum.
Shiba Inu: Building utility and engaging community
Community initiatives and ecosystem growth
Shiba Inu has been gaining traction through community-driven initiatives and ecosystem upgrades.
Despite its speculative reputation, SHIB could benefit from broader market sentiment and regulatory shifts. Shiba Inu’s community is engaged in initiatives to increase the token’s utility, particularly through NFT integrations and upcoming network developments.
SHIB price outlook. Source: ChatGPT/Finbold
Token burn and regulatory impact
Additionally, the network burned a substantial 5.75 billion SHIB tokens over the last seven days, reflecting efforts to reduce token supply, potentially creating upward price pressure.
The AI model noted that broader market sentiment, regulatory changes, and whale trading patterns could drive SHIB’s valuation.
Notably, Shytoshi Kusama, SHIB’s lead developer, recently unveiled a proposal for a Strategic Hub for Innovation in Blockchain (S.H.I.B.) in the U.S., inviting interested parties and political candidates to support the project, further increasing visibility and potential use cases.
ChatGPT-4o’s verdict
ChatGPT-4o leaned towards Dogecoin as the better buy for 2025, citing its strong adoption prospects and technological advancements.
However, the AI acknowledged SHIB’s potential, driven by its innovative ecosystem and active community. Both assets offer unique strengths, with DOGE’s mainstream appeal and SHIB’s ecosystem growth presenting compelling cases for investors.
Investors must weigh these factors carefully as they navigate the evolving crypto landscape and decide which meme coin aligns best with their investment strategies for 2025