• OpenAI released ChatGPT 4.0, the latest and smartest bot so far.
• The 3.5 bot can provide users with explanations on technical analysis tools and price action concepts.
• However, it cannot access live data to analyze current information such as prices or other relevant data points of the market.
OpenAI’s ChatGPT 4.0
OpenAI recently announced the release of their newest and smartest bot yet – ChatGPT 4.0 – which is better than version 3.5 in a multitude of ways. This AI model has been designed to give traders an extra edge when it comes to technical analysis and price action concepts, providing them with explanations and guides on how to begin analyzing markets using Elliot Wave Theory principles and more.
Limitations of ChatGPT
While this AI model can provide users with helpful insights into various trading tools, it unfortunately cannot access live data or alert traders on topics beginning to gain traction quickly (such as a low-cap coin in the crypto-market). As such, it should be used only as an assistant for basic strategies that do not require real-time information.
Using ChatGPT for Intraday Strategies
ChatGPT could help beginner traders devise a basic intra-day strategy by combining TradingView indicators such as RSI and Moving Averages together to generate buy/sell signals for day traders. For example, one simple strategy could be buying when RSI is above 50 and using Fibonacci numbers 13 & 21 as moving averages periods (which was suggested by ChatGPT itself!).
Testing the Strategy
To test out this strategy, one could use Cardano’s chart on a 2-minute timeframe which would allow for scalping trades based on the generated buy/sell signals from the chatbot’s advice above!
In conclusion, while ChatGPT cannot predict prices like AMBCrypto’s AI model can, it can still be useful when it comes to helping beginners understand various trading tools & strategies along with providing them some insight into potential trade opportunities!
DigiToads is a decentralized, blockchain-based platform that allows users to collect, trade, and battle unique DigiToads using TOADS tokens. The platform offers an innovative P2E gaming experience and pledges to support environmental causes by donating 2.5% of its profits to charitable organizations dedicated to reforestation and the preservation of rainforests.
Why DigiToads Will Explode In Value
TOADS holders are continuously rewarded monthly from the prize pool, with 10% of funds raised being airdropped to them. Additionally, NFT holders who choose to stake their NFTs earn rewards over time based on the duration of staking. This creates a virtuous cycle where increased NFT staking leads to increased funds allocated to the staking pool leading to higher rewards for NFT stakers, driving up the value of TOADS tokens and providing holders with residual income.
NFT Staking Residual Income
By choosing to stake their NFTs, NFT holders can earn rewards over time based on the duration of staking. As more people participate in NFT staking, the value of TOADS tokens is expected to increase, providing holders with a residual income.
Potential For Growth
With its innovative design and ambitious goals, DigiToads is poised to take the crypto world by storm in 2023. Increased participation in NFT staking will lead to higher funds allocated for rewards which could drive up token values significantly as well as provide holders with a residual income stream.
DigiToads is an exciting new project that has potential for significant growth in 2023 as it introduces multiple revenue streams and supports environmental causes through donations. With its commitment to offering players an engaging P2E gaming experience along with opportunities for earning residual income through staking tokens, it’s easy to see why investors will be eager jump on board this project when it launches later this year!
• Messari published a report comparing OP & Arbitrum which showed that Optimism had higher long-term user retention rates.
• Despite this, OP’s token has seen a decline in price and market capitalization over the last week.
Comparison Between Optimism (OP) and Arbitrum
Messari published a report comparing Optimism [OP] and Arbitrum. The report mentioned that while Arbitrum may have relied on organic growth, Optimism concentrated on providing incentives for users to reach its 3-million unique user milestone throughout the previous year. To better comprehend retention rates on @arbitrum and @optimismFND based on cohort analysis and application level retention, check out the full Pro report from @0xallyzach.
Retention Rates of Both Blockchains
As per the report, in the short term, 35–45% of new users were retained by both Arbitrum and Optimism, although Optimism retained a larger percentage of its long-term user base. Though both the short- and long-term retention rates are valuable metrics, the latter is more important in order to understand the value of a blockchain. Moreover, Optimism’s long-term retention was considerably higher than that of Arbtrum, suggesting more users‘ trust in the L2 blockchain.
Network Fees & Revenue Increase
Interestingly, while OP’s retention rate registered a hike, Token Terminal’s data revealed that the same remained true for the blockchain’s fees. OP’s network fees and revenue both went up over the last 30 days, indicating increased usage. Source: Token Terminal Further growth in the Optimism network can be expected as the blockchain approaches the date of the much-awaited Bedrock upgrade. The new upgrade is expected to go live in March, and it will considerably reduce usage fees on the mainnet.
Price Drop & Market Capitalization
OP was feeling heat as its native token had reasons for concern as its price declined by over 17% in the last seven days. According to CoinMarketCap, OP was down by 5.5% in