2024

Cardano

Opus

<div class="finbold">
 <p class="paragraph">In the midst of the 2024 cryptocurrency bull market, investors are seeking guidance to navigate the volatile landscape. Finbold turned to Anthropic’s new artificial intelligence (AI) model, Claude 3 Opus, for insights on cryptocurrencies to invest in 2024.</p>
 <p class="paragraph">Notably, Claude Opus, a cutting-edge artificial intelligence system, has emerged as a valuable tool for investment insights. Anthropic unveiled this new model on March 4, deemed vastly superior to ChatGPT-4 and Gemini 1.0 competing tools.</p>
 <p class="paragraph">In this context, <em>Google Trends</em> has registered an increased interest in the Claude AI, with searches for the term skyrocketing in the past 90 days.</p>
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    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
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   </svg> Picks for you</h3>
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 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="537" src="https://cdn.thebittimes.com/images/2024/03/13/2be61177290a6bed20281d8f19e6ec66.webp" alt class="wp-image-160602" srcset="https://cdn.thebittimes.com/images/2024/03/13/2be61177290a6bed20281d8f19e6ec66.webp 1024w, https://cdn.thebittimes.com/images/2024/03/13/2be61177290a6bed20281d8f19e6ec66.webp 300w, https://cdn.thebittimes.com/images/2024/03/13/2be61177290a6bed20281d8f19e6ec66.webp 768w, https://cdn.thebittimes.com/images/2024/03/13/2be61177290a6bed20281d8f19e6ec66.webp 1280w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Claude AI search term – Interest over time. Source: <em>Google Trends</em>
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 <p class="paragraph">After analyzing data and market trends, Claude Opus AI has identified three <a rel="noopener noreferrer nofollow" title="cryptocurrencies" href="https://thebittimes.com/tag/cryptocurrencies.html">cryptocurrencies</a> with significant potential for growth in 2024.</p>
 <h2 class="wp-block-heading" id="h-bitcoin-btc">Bitcoin (BTC)</h2>
 <p class="paragraph">Bitcoin (BTC), the world’s first and most well-known cryptocurrency, tops Claude Opus AI’s list of recommendations. The AI system recognizes Bitcoin’s established position as a store of value and its increasing adoption by institutional investors.</p>
 <p class="paragraph">Previously, Claude predicted that Bitcoin’s price would continue to rise in 2024 as more <a rel="noopener noreferrer nofollow" title="invest" href="https://thebittimes.com/tag/invest.html">invest</a>ors view it as a hedge against inflation and economic uncertainty.</p>
 <blockquote class="wp-block-quote">
  <ul>
   <li>Advantages: 
    <ul>
     <li>Established and widely recognized cryptocurrency</li>
     <li>Large market capitalization and liquidity</li>
     <li>Growing institutional adoption and mainstream acceptance</li>
     <li>Limited supply, which may lead to scarcity and potential price appreciation</li>
    </ul></li>
   <li>Disadvantages: 
    <ul>
     <li>High volatility and price fluctuations</li>
     <li>Regulatory uncertainty in some jurisdictions</li>
     <li>High energy consumption during mining process</li>
     <li>Scalability challenges with increasing network congestion</li>
    </ul></li>
  </ul>
 </blockquote>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="316" src="https://cdn.thebittimes.com/images/2024/03/13/b17673a23c1ed620c418fb694452e676.webp" alt class="wp-image-160593" srcset="https://cdn.thebittimes.com/images/2024/03/13/b17673a23c1ed620c418fb694452e676.webp 1024w, https://cdn.thebittimes.com/images/2024/03/13/b17673a23c1ed620c418fb694452e676.webp 300w, https://cdn.thebittimes.com/images/2024/03/13/b17673a23c1ed620c418fb694452e676.webp 768w, https://cdn.thebittimes.com/images/2024/03/13/b17673a23c1ed620c418fb694452e676.webp 1536w, https://cdn.thebittimes.com/images/2024/03/13/b17673a23c1ed620c418fb694452e676.webp 2048w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Claude 3 Opus output: Bitcoin (BTC). Source: <em>NanoGPT</em> (Finbold)
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="ethereum-eth">Ethereum (ETH)</h2>
 <p class="paragraph">Ethereum (ETH), the second-largest cryptocurrency by market capitalization, is another top pick by Claude Opus AI.</p>
 <p class="paragraph">The AI system highlights Ethereum’s role as the backbone of the decentralized finance (DeFi) ecosystem and its transition to a more scalable and environmentally friendly proof-of-stake consensus mechanism. In particular, these factors, coupled with the growing demand for smart contract functionality, position Ethereum for substantial growth in 2024.</p>
 <blockquote class="wp-block-quote">
  <ul>
   <li>Advantages: 
    <ul>
     <li>Second-largest cryptocurrency by market capitalization</li>
     <li>Supports smart contracts and decentralized applications (dApps)</li>
     <li>Growing ecosystem of decentralized finance (DeFi) projects built on Ethereum</li>
    </ul></li>
   <li>Disadvantages: 
    <ul>
     <li>High gas fees during network congestion</li>
     <li>Competition from other smart contract platforms</li>
     <li>Complexity of the platform may be a barrier for some users</li>
    </ul></li>
  </ul>
 </blockquote>
 <figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="234" src="https://cdn.thebittimes.com/images/2024/03/13/8397745d9b2f481aba86bffd669145ad.webp" alt class="wp-image-160594" srcset="https://cdn.thebittimes.com/images/2024/03/13/8397745d9b2f481aba86bffd669145ad.webp 1024w, https://cdn.thebittimes.com/images/2024/03/13/8397745d9b2f481aba86bffd669145ad.webp 300w, https://cdn.thebittimes.com/images/2024/03/13/8397745d9b2f481aba86bffd669145ad.webp 768w, https://cdn.thebittimes.com/images/2024/03/13/8397745d9b2f481aba86bffd669145ad.webp 1536w, https://cdn.thebittimes.com/images/2024/03/13/8397745d9b2f481aba86bffd669145ad.webp 2048w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Claude 3 Opus output: Ethereum (ETH). Source: <em>NanoGPT</em> (Finbold)
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="cardano-ada">Cardano (ADA)</h2>
 <p class="paragraph">Cardano (ADA), a third-generation blockchain platform, rounds out Claude Opus AI’s top three cryptocurrency <a rel="noopener noreferrer nofollow" title="picks" href="https://thebittimes.com/tag/picks.html">picks</a> for 2024. The AI system recognizes Cardano’s focus on academic research, security, and sustainability as key strengths that set it apart from other blockchain projects.&nbsp;</p>
 <blockquote class="wp-block-quote">
  <ul>
   <li>Advantages: 
    <ul>
     <li>Proof-of-Stake (PoS) consensus mechanism, which is more energy-efficient than Proof-of-Work (PoW)</li>
     <li>Strong focus on academic research and peer-reviewed development</li>
     <li>Potential for scalability and interoperability with other blockchains</li>
     <li>Growing ecosystem of decentralized applications and partnerships</li>
    </ul></li>
   <li>Disadvantages: 
    <ul>
     <li>Relatively newer platform compared to established players like Bitcoin and Ethereum</li>
     <li>Lower adoption and liquidity compared to some other top cryptocurrencies</li>
     <li>Still in the process of implementing smart contract functionality and scaling solutions</li>
     <li>Competition from other PoS platforms and alternative blockchain technologies</li>
    </ul></li>
  </ul>
 </blockquote>
 <figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="306" src="https://cdn.thebittimes.com/images/2024/03/13/faacff0257551c435e4aabba1c27373e.webp" alt class="wp-image-160595" srcset="https://cdn.thebittimes.com/images/2024/03/13/faacff0257551c435e4aabba1c27373e.webp 1024w, https://cdn.thebittimes.com/images/2024/03/13/faacff0257551c435e4aabba1c27373e.webp 300w, https://cdn.thebittimes.com/images/2024/03/13/faacff0257551c435e4aabba1c27373e.webp 768w, https://cdn.thebittimes.com/images/2024/03/13/faacff0257551c435e4aabba1c27373e.webp 1536w, https://cdn.thebittimes.com/images/2024/03/13/faacff0257551c435e4aabba1c27373e.webp 2048w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Claude 3 Opus output: Cardano (ADA). Source: <em>NanoGPT</em> (Finbold)
  </figcaption>
 </figure>
 <p class="paragraph">While Claude Opus AI’s predictions are based on advanced algorithms and extensive data <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a>, it is essential to remember that the cryptocurrency market is highly unpredictable.&nbsp;</p>
 <p class="paragraph">Investors should always conduct their own research and consider their risk tolerance before making any <a rel="noopener noreferrer nofollow" title="invest" href="https://thebittimes.com/tag/invest.html">invest</a>ment decisions. Nevertheless, the insights provided by Claude offer a compelling starting point for those looking to capitalize on the cryptocurrency bull market in 2024.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/claude-opus-ai-picks-3-cryptocurrencies-to-invest-in-2024-tbt82372.html">https://thebittimes.com/claude-opus-ai-picks-3-cryptocurrencies-to-invest-in-2024-tbt82372.html</a></p>

Claude Opus AI picks 3 cryptocurrencies to invest in 2024

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