ChatGPT Thinks Dogecoin Price Could Surge 50% in February

ChatGPT has made a bold prediction that the popular meme coin Dogecoin (DOGE) could see its price surge over 50% this month.

This comes after some interesting price action from DOGE recently that hints the coin could be gearing up for another bull run.

Alongside Dogecoin, ChatGPT also highlighted an under-the-radar token that it believes is primed for an even bigger breakout this month.

Dogecoin Priming for Next Leg Higher Despite Poor Trading Volumes

At the time of writing, DOGE is trading at $0.078, having gone sideways for the last two weeks.

During those two weeks, DOGE has been trapped in a tight trading range between $0.077 and $0.081.

Bulls have established strong support at the bottom of this range, which has held firm since it was first tapped on January 23.

Many investors now believe that this consolidation period could be laying the foundation for Dogecoin’s next leg higher, allowing buyers to accumulate before an explosive breakout.

The local high sits at $0.09, and a decisive push above here would likely see DOGE return to early December’s peak.

However, spot trading volumes for DOGE remain muted at $231 million, which has pushed the coin out of the top 20 cryptocurrencies by trading activity.

All in all, it’s a choppy period for Dogecoin, with the market waiting for a significant catalyst to break the current sideways trend.

ChatGPT Forecasts 51% Surge for DOGE in February

Armed with this information, we tasked ChatGPT with providing a DOGE price prediction for the month ahead.

Despite lackluster trading volumes and sideways price action, ChatGPT expects the consolidation to end with a sharp move higher.

The model sees the tight trading range as indicative of pent-up demand from retail traders.

As such, ChatGPT thinks February is ripe for another Dogecoin bull cycle, especially if the overall crypto market sees renewed bullish momentum.

If volumes pick up and bulls can propel DOGE over the local high at $0.09, ChatGPT sees no reason why the coin can’t rise to between $0.10 and $0.12 by the end of February.

Should DOGE hit the upper end of this range, it would represent a 51% surge from the coin’s current value.

So, although Dogecoin’s technicals may be mixed, ChatGPT believes there’s still potential for a significant price increase in the coming weeks.

Which Other Meme Coins Does ChatGPT Think Could Surge in February?

While Dogecoin grabs the most attention, ChatGPT also analyzed lesser-known meme coins that could pull off a rally in February.

Top of that list is Sponge V2 (SPONGEV2), a new meme token ChatGPT believes is ready to produce massive gains when it hits the open market.

ChatGPT Predicts 273% SPONGEV2 Pump Thanks to P2E & Stake-to-Bridge Catalysts

Sponge V2 aims to improve on its predecessor with optimized tokenomics, staking rewards up to 209% per year, and integration with an upcoming play-to-earn (P2E) game.

The only way for investors to get SPONGEV2 is by locking the original SPONGE in a smart contract before today’s “snapshot,” which will occur at 11pm UTC.

This entitles SPONGE holders to receive SPONGEV2 in return ahead of the token’s debut on the Uniswap DEX.

Over $4.1 million worth of SPONGE has already been locked as anticipation builds ahead of the token’s official launch.

ChatGPT expects this unique “Stake-to-Bridge” mechanism to drive immense demand for SPONGEV2 from retail investors in the weeks ahead.

Combine that with the upcoming P2E game, and the AI model sees the perfect conditions for exponential growth.

Considering SPONGE’s current $0.00067 price point, ChatGPT forecasts SPONGEV2 reaching as high as $0.0025 by the end of February.

For context, that would represent a nearly 273% surge from the token’s price at the time of writing.

While ambitious, similar meme coin launches in the past have triggered even more dramatic breakouts.

As such, ChatGPT sees every reason SPONGEV2 could pull off a move like this, given the enormous buzz around the token.