Cryptos: Four technologies that could boost prices according to ChatGPT

Several analysts had predicted that the conversational AI, ChatGPT, could have a positive impact on the crypto industry. The tool has been put to the test to predict the possibilities of price growth in cryptos. Here is its forecast.

ChatGPT predicts a surge in cryptos based on four emerging technologies

Despite the controversy it generates, the conversational AI, ChatGPT, remains undeniably useful. In fact, artificial intelligence has been subjected to predictive analysis of the possibilities for market growth in crypto.

Overall, ChatGPT aligns with many crypto analysts who forecast an explosion in prices in the coming months. The tool believes that such a possibility is conceivable for the next five years. However, it will depend on certain factors.

ChatGPT Predicts: After AI, These 4 Emerging Technologies Can Cause #Crypto's Next Big Boomhttps://t.co/NOuOzLg0xI

— 🦈 CryptoNewsShark 🦈 (@CryptoNewsShark) May 21, 2023

Essentially, these factors are technological and fundamentally four. The first factor, according to ChatGPT, that will play a role in the next crypto bull trend is quantum computing. In other words, the mastery of quantum computing, which, according to the conversational agent, would pose a threat to the crypto industry.

If quantum computing is a problem for AI, it is because it can break the cryptographic mechanisms used in cryptos. This perspective would thus be a potential threat to security, necessitating in-depth research on the matter.

Technological security is precisely the second element whose improvement would impact the surge in cryptos according to ChatGPT. Technologies such as zero-knowledge proofs (ZKPs), secure multiparty computation (MPC), and homomorphic encryption would offer this perspective.

The relevance of the latter, however, would be strengthened with the refinement of interoperability protocols. This third element of ChatGPT’s prediction would enhance data transfer between different blockchain networks, facilitating seamless communication. Additionally, with scaling solutions like layer 2 solutions, ChatGPT sees transaction throughput increasing while fees decrease.

All of this involves, despite its relevance, a large speculative component that needs to be taken into account. Not to mention that the crypto market is one of the most volatile markets.