ChatGPT began to be used to analyze instruments in the financial market
Artificial intelligence ChatGPT, developed by Microsoft, began to be used to predict changes in the financial market. Recently, AI predicted that the value of the Polkadot cryptocurrency will increase to $250 by the end of 2024, while now it is estimated at $5.
Polkadot is a project that allows you to combine various blockchain networks into a single ecosystem. According to the ChatGPT analysis, Polkadot has great potential for development and innovation in the field of decentralized applications and smart contracts.
ChatGPT bases its forecasts on the analysis of large amounts of data from various sources, such as news, social networks, technical indicators, etc. The system analyzed the results of the recent Polkadot Decoded conference, which was held on June 28-29 in Copenhagen. At it, the founder of Polkadot Gavin Wood presented an updated roadmap for the development of the project for the coming years. According to her, one of the key changes of the Polkadot blockchain will be the transition from the current model of leasing slots for validators to a new model of selling time.
At the same time, industry experts state that ChatGPT technology is not yet ready for accurate price forecasting for cryptocurrencies. The results obtained by the system often turn out to be erroneous and strongly differ from the real market situation.
In particular, the ChatGPT analysis did not take into account important factors, such as the dynamics of supply and demand over the past year. Experts recommend treating AI forecasts with caution and checking them against real market data.
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