Google’s advanced AI-based chatbot Bard continues to attract attention with its potential to provide valuable insights in various industries. Bard was asked to identify five cryptocurrencies with high price performance and investment return potential. Here are the 5 cryptocurrencies that Google’s AI believes meet these criteria.
Unsurprisingly, Bitcoin (BTC) is at the top of the list of cryptocurrencies provided by Google Bard. Bitcoin is known as the first and largest cryptocurrency. Google Bard emphasized that BTC has a long history of success and is considered a relatively safe investment. It was also highlighted that Bitcoin is the most easily bought and sold cryptocurrency with high liquidity.
When asked why Bitcoin was included in the list, Google’s AI stated that “BTC has a limited supply of 21 million, therefore it is not subject to inflation like traditional currencies.” This scarcity makes Bitcoin a valuable store of value. Additionally, it operates on a highly secure and tamper-resistant distributed ledger technology called Blockchain. However, it is subject to volatility and regulations.
The second cryptocurrency on the list is Ethereum (ETH), the largest altcoin. Ethereum is a platform developed for decentralized applications (dApps) and also hosts non-fungible tokens (NFTs). When explaining why Ethereum was included in the list, Google’s AI stated that “Ethereum has established an impressive first-mover advantage in key areas such as NFTs and decentralized finance (DeFi), and has pioneered a number of Blockchain innovations.” However, its low transaction speed of only about 15 transactions per second limits its ability to handle large-scale applications.
The third cryptocurrency on the list is Solana (SOL), provided by Google’s AI. Solana is a smart contract platform with a unique architecture that can process thousands of transactions per second and keep transaction fees extremely low. Just a few days ago, Solana’s DeFi ecosystem reached a significant milestone by surpassing $655 million in locked value.
The fourth position is occupied by the popular altcoin Cardano (ADA). Cardano is a Blockchain platform named after Augusta Ada King, who is considered the world’s first computer programmer and was created by Charles Hoskinson, a co-founder of Ethereum.
The last cryptocurrency on the list is Shiba Inu (SHIB), the second-largest memecoin. Shiba Inu is a meme-inspired cryptocurrency launched in August 2020 that uses the Shiba Inu dog breed as its mascot. Created by an anonymous developer known as “Ryoshi,” Shiba Inu operates on the Ethereum Blockchain and positions itself as a decentralized community-building experience.