In November 2022, OpenAI introduced ChatGPT, an AI chatbot built on top of the GPT-3 family of big language models. The chatbot is constructed using fine-tuning, a method of transfer learning that combines supervised and reinforcement learning approaches.
ChatGPT gained popularity for its thorough replies and clear responses in a variety of subject areas. However, its inconsistent factual correctness was noted as a key flaw. Despite this, OpenAI was valued at $29 billion after ChatGPT's release.
One of the chatbot's features is its ability to suggest the best cryptocurrency currencies for investment. There are dozens of different cryptocurrencies, ranging from Bitcoin and Ethereum to Dogecoin and Tether, making it difficult to know where to start. In this article, we will discuss the top 10 cryptocurrencies by market capitalization for investment in 2023, as recommended by OpenAI ChatGPT.
- Bitcoin (BTC) with over $350 billion market valuation
Bitcoin is the first cryptocurrency, developed in 2009 by a person using the alias Satoshi Nakamoto. BTC operates on a blockchain, which is a ledger that records transactions and is shared over a network of thousands of computers. Bitcoin is maintained secure and protected from fraudsters because updates to the distributed ledgers have to be validated by cracking a cryptographic puzzle, a procedure known as proof of work.
Bitcoin acts as money and a means of payment independent of any one person, organization, or institution, eliminating the need for third parties to be involved in financial transactions. It is available for purchase on numerous platforms and is given to blockchain miners as compensation for their efforts in verifying transactions.
As Bitcoin has gained popularity, its price has risen. Bitcoin lost 65% of its market value last year, and as of January 10, 2023, it is now trading between $17,500 and $18,000.
- Ethereum (ETH) Over $170 billion is the market cap.
Ethereum is both a cryptocurrency and a blockchain platform, known for its potential uses, including so-called "smart contracts" that automatically execute when certain conditions are fulfilled and non-fungible tokens (NFTs). Decentralized and open-source, Ethereum is a blockchain that supports smart contracts. The platform's native cryptocurrency is Ethereum, and Ether's market valuation is second only to that of bitcoin among cryptocurrencies.
In an upgrade procedure known as "the Merge," Ethereum switched from proof-of-work (PoW) to proof-of-stake (PoS) on September 15, 2022. As a result, Ethereum now uses 99% less energy.
Users of Ethereum may also create and trade NFTs, which are distinctive tokens that indicate ownership of a related asset or privilege and are accepted by a variety of organizations.
- Binance Coin (BNB) Over $70 billion is the market cap.
Binance Coin is a cryptocurrency created by Binance, one of the world's largest cryptocurrency exchanges. The coin is primarily used to pay for transaction fees on the Binance exchange. Users of Binance Coin can also use it to pay for travel and accommodation, as well as to purchase goods and services from merchants who accept Binance Coin.
- Cardano (ADA) Over $60 billion is the market cap.
Cardano is a blockchain platform that supports smart contracts, similar to Ethereum. It was created by IOHK, a blockchain research and development company. The platform's native cryptocurrency is ADA. Cardano aims to provide a more sustainable and scalable blockchain platform than its competitors, with a focus on peer-reviewed research and academic rigor.
- Solana (SOL) Over $50 billion is the market cap. Solana (SOL) Over $50 billion is the market cap.
- Solana is a fast and inexpensive cryptocurrency that has become increasingly popular in recent years. The Solana blockchain is a high-performance network that can handle up to 65,000 transactions per second, making it one of the fastest in the world. Solana's native cryptocurrency is SOL, which is used to pay for transactions and as a store of value.
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