• ChatGPT is a natural language processing tool with the ability to provide human-like conversations.
• The Ethereum [ETH] Shanghai upgrade was proposed and completed in 2022-2023, with validators being rewarded for their deposits.
• ChatGPT can be used by traders and analysts as well as other sectors and individuals to gain insight into the crypto space.
What is ChatGPT?
ChatGPT is a natural language processing tool that provides human-like conversations. It has been gaining popularity among traders, analysts and other sectors and individuals who are looking for insight into the crypto space.
Ethereum Shanghai Upgrade
In 2022, The Ethereum [ETH] Shanghai Upgrade was proposed with the goal of transitioning to Proof-of-Stake (PoS). To qualify, each validator needs 32 ETH deposited into the Ethereum Mainnet. The upgrade was originally set for March 2023 but was delayed until April 12th in order to allow for withdrawals of rewards given to validators.
ChatGPT & Crypto Market
ChatGPT has become an increasingly important tool in understanding the broader crypto ecosystem because it can provide AI hype previously unavailable from other sources. As such, it can be used by traders, analysts,and other individuals interested in gaining more insight into the cryptocurrency market.
Prediction of Ethereum Price by December 2023
When asked what Ethereum’s price will be by December 2023, ChatGPT gave an interesting reply: due to the successful completion of Ethereum’s Shanghai upgrade combined with its increasing use amongst investors and analysts, we can expect prices of Ethereum to remain steady or even increase over time leading up to December 2023.
Disclaimer
The information presented does not constitute financial, investment, trading or any other type of advice and should only be taken as opinion from the writer.