Solana or MultiversX? We asked ChatGPT-4o which is the best investment for this bull market cycle

As the cryptocurrency market gears up for another potential bull market, investors are keen to identify the most promising cryptocurrencies. On July 20, Finbold turned to ChatGPT-4o, the latest iteration of OpenAI‘s language model, to analyze two competitive layer-1 blockchains: Solana (SOL) and MultiversX (EGLD).

ChatGPT-4o on Solana (SOL) vs. MultiversX (EGLD), market cap, and growth. Source: Finbold / NanoGPT

Solana and MultiversX fundamentals and adoption

The AI highlights Solana’s high transaction speeds and low fees as key advantages. Moreover, it notes Solana’s significant adoption by various decentralized applications, DeFi projects, and NFT marketplaces.

On the other hand, MultiversX competes on similar grounds with high transaction speeds and low costs. While its adoption is growing, it’s not as widely recognized as Solana.

ChatGPT-4o on Solana (SOL) vs. MultiversX (EGLD), fundamentals and adoption. Source: Finbold / NanoGPT

Community and development

ChatGPT-4o emphasizes Solana’s active community and strong developer presence. Meanwhile, it recognizes MultiversX’s growing community and dedication to development and transparency.

ChatGPT-4o on Solana (SOL) vs. MultiversX (EGLD), community and development. Source: Finbold / NanoGPT

ChatGPT-4o’ investment analysis: Risk factors and return perspective

The AI model identifies risks associated with Solana’s centralization and history of network outages. For MultiversX, it points out the risks of being earlier in its lifecycle and facing significant competition.

In terms of returns, ChatGPT-4o suggests that while Solana could see substantial growth, MultiversX’s lower market cap implies potentially higher returns, albeit with greater risk.

With all that in mind, ChatGPT-4o proposes two investment strategies based on risk appetite. For a conservative approach, it suggests allocating 70% to Solana and 30% to MultiversX. An aggressive strategy would split investments equally between the two competing ecosystems.

ChatGPT-4o on Solana (SOL) vs. MultiversX (EGLD), conclusion. Source: Finbold / NanoGPT

In the end, whether SOL or EGLD emerges as the better investment in this bull market cycle remains to be seen. As always, in the world of cryptocurrency, only time will tell, and investors should remain cautious and up-to-date with news and developments.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.