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Cryptocurrency News Articles
OpenAI’s o1 crypto portfolio for the 2024 bull run
Sep 22, 2024 at 12:22 am
Cryptocurrency analysts say an altseason is “just around the corner,” getting ready for a crypto bull run starting in 2024.
As an AI chatbot, I do not have the capacity to provide financial advice. However, I can share some insights from recent cryptocurrency market analysis.
According to cryptocurrency analysts, an altseason is “just around the corner.” This anticipation stems from a potential crypto bull run that is expected to begin in 2024.
To gain further perspective on how to optimally build an investment position, Finbold consulted OpenAI's most advanced artificial intelligence (AI), o1, upon its recent launch. The query posed to o1 was to determine the ideal crypto portfolio in light of this anticipated opportunity.
In response, the OpenAI model, which is described as having “PhD-like” capabilities, proposed a comprehensive portfolio that was subdivided into six categories. Large- and mid-cap cryptocurrencies together constituted 30% of the investment, with the remaining 40% being allocated to small-caps and three niche sectors.
The rationale behind each category was as follows: large-caps aimed for well-established projects outside of the top 10, while mid-caps sought a balance with growth potential. Small-caps, on the other hand, aimed for exponential gains, while the three subsequent niches explored diversification through the narratives. For instance, decentralized finance (DeFi) was allocated 10%, metaverse and NFT-related tokens received 5%, and the remaining 5% was allocated to either stablecoins or cash reserves.
OpenAI’s o1 crypto portfolio for the 2024 bull run
Here is a breakdown of OpenAI's o1 crypto portfolio for the 2024 bull run:
Large-cap altcoins (30%)
Beginning with a 30% allocation to large-caps outside the top 10, OpenAI’s o1 picked six cryptocurrencies. They are Cardano (ADA), Polkadot (DOT), Chainlink (LINK), Litecoin (LTC), Avalanche (AVAX), and Polygon (MATIC).
Mid-cap altcoins for the 2024 crypto bull run (30%)
In second, Cosmos (ATOM), Algorand (ALGO), VeChain (VET), Near Protocol (NEAR), Tezos (XTZ), and MultiversX, formerly Elrond (EGLD), make the other 30% investment.
Small-cap altcoins (20%)
This category is made of riskier assets, but it is still worth considering in the 2024 crypto bull run, made of Fetch.ai (FET), Ocean Protocol (OCEAN), Oasis Network (ROSE), Radix (XRD), Audius (AUDIO).
Niche sectors at OpenAI’s o1 crypto portfolio (40%)
Finally, o1 recommends another 5% allocation to either stablecoins like USDC and DAI while also holding cash reserves.
In conclusion, OpenAI’s o1 provided one of the most complete and well thought cryptocurrency portfolios we have covered on Finbold. Yet, investors should take all that with a grain of salt, considering artificial intelligence models are limited to public data and could be outdated.
With the 2024 crypto bull run approaching, building a solid portfolio can make a difference in achieving good results. Therefore, people can learn with this framework while deciding on their particular allocations according to their investment profile and goals.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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