Amid the renewed interest in artificial intelligence (AI) technology sparked by OpenAI’s launch of its text-based bot ChatGPT, another major player has joined the ranks – Google Bard – and the company has already established itself as a useful helper in cryptocurrency trading and proven in making investments in the crypto industry.
With this in mind, Finbold asked Bard to create an investment portfolio of multiple crypto assets for a novice trader who has $100 more and wants to use it to enter the cryptocurrency sector and provided detailed insights from that perspective from August 3rd.
Bitcoin (BTC)
Bard’s first suggestion was to invest in Bitcoin (BTC), which he called “the most well-known and well-established cryptocurrency” and “a good store of value” that has “the potential to appreciate in value over the long term,” which he implied in the 30-year allocation % of the $100 budget for it.
At press time, the flagship decentralized finance (DeFi) asset was changing hands at a price of $29,127, down 1.41% on the day. It’s also down 1.31% in the previous week and down 6.14% over the past month.
Bitcoin 7-day price chart. Source: Finbold
Ethereum (ETH)
As a second proposal, Bard named Ethereum (ETH) as “the second largest cryptocurrency by market cap” and a platform for decentralized applications (dApps) that “has the potential to revolutionize many industries.” The AI tool assumes that it should also make up 25% of the portfolio.
Meanwhile, Ethereum’s current price is $1,835, which is down 1.19% in the last 24 hours, down 2.22% in the last seven days and down 6.31%, according to Most the monthly chart means current information.
Cardano (ADA)
In third place is Cardano (ADA), “a newer cryptocurrency that is gaining popularity due to its energy efficiency and scalability,” which an investor should allocate 15% of the budget to. In fact, Bard praised its use of the energy-efficient Proof-of-Stake (PoS) algorithm and its ability to handle many transactions without congestion.
At the time of publication, Cardano is trading at $0.295 and is down 3.9% from its value over the past day, down 5.1% on the week and down 0.49% over the last month, according to the latest show charts.
Solana (SUN)
Meanwhile, Solana (SOL) should take the 10th place as “a fast and scalable cryptocurrency well positioned to compete with Ethereum in terms of energy efficiency and speed thanks to its Proof-of-History (PoH) consensus mechanism.” of its own portfolio, in Bard’s view.
In terms of price, Solana is down 3.83% in the last 24 hours as well as down 10.43% in the last seven days but still up 18.06% over the last month as the price currently stands at $22.71. according to the information.
Polygon (MATIC)
Additionally, Bard suggested investing 10% of the $100 budget in Polygon (MATIC), “the Layer 2 scaling solution for Ethereum that will help reduce gas fees and improve network performance” and connecting them to use Ethereum enables Ethereum network for security and decentralization.
Currently, Polygon’s price is $0.674, which means it is down 2.85% daily, down 7.79% over the last week and lost 4.35% of its value over the last 30 days has, as the graphic shows.
The Sandbox (SAND)
Interestingly, Bard also eventually recommended allocating 10% to the native token of The Sandbox (SAND), a metaverse platform built on the Ethereum blockchain that “enables users to create, own, and monetize their own virtual experiences” and While as a whole one of the most popular Metaverse platforms has “a large and active community.”
Meanwhile, SAND is changing hands at $0.409 after falling 2.85% on the day, matching losses of 5.95% on the weekly chart and 9.31% over the past month. Information retrieved on 3rd August.
Diploma
In fact, Bard’s proposals for splitting the $100 budget make sense, especially since it argues that “Bitcoin and Ethereum are the most widely used cryptocurrencies” and that Cardano, Solana, Polygon and The Sandbox “have the potential to increase in value over the long term.” to win”. Expression.”
However, it’s always important to do your own research before making an investment, and Bard recommends considering the fundamentals of the project (underlying technology, team track record, and roadmap), market cap, price, and volatility as some of the factors to consider when making an investment So.
Disclaimer: The content of this website should not be construed as investment advice. Investing is speculative. When you invest, your capital is at risk.
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