Grok AI picks 3 cryptocurrencies to invest in 2024

Grok, an artificial intelligence (AI) developed by xAI under Elon Musk‘s guidance, has quickly gained popularity on X (formerly Twitter) and in the crypto world. The model processes diverse data streams and has real-time analysis of X’s user-generated content.

Previously, Grok made waves by choosing an ideal cryptocurrency for payments on X.

In the meantime, cryptocurrencies are getting ready for what could be a brewing bull market. Investors are managing their portfolios, looking for the best opportunities and value asymmetry to invest in 2024.

Finbold turned to Grok, seeking valuable insights on three recommended cryptocurrencies for three different investment profiles. Particularly, we asked xAIs model to pick one cryptocurrency for a conservative, aggressive, and very aggressive investor.

Grok picks Ethereum (ETH) for conservative investors

First, Grok named Ethereum (ETH) as the ideal investment for a conservative cryptocurrency profile in 2024. The AI forecasts a fair value of $8,000 to $10,000 for ETH, which justifies its pick.

“Ethereum is a well-established and widely adopted platform with strong fundamentals and a large developer community. The successful implementation of Ethereum 2.0 and the continued growth of DeFi and NFT projects on the Ethereum network could drive its value higher.”

— Grok, by xAI

Elon Musks AI names Polkadot (DOT) to invest in 2024

Meanwhile, aggressive investors should look at Polkadot (DOT) and a price range of $200 to $300 in 2024.

“Polkadot is a promising interoperability platform that enables cross-chain communication and transactions. With its strong development team, growing ecosystem, and potential to become a critical infrastructure for the next generation of blockchain projects, it could see significant growth in the coming years.”

— Grok, by xAI

Chainlink (LINK) is for the very aggressive investors, according to Grok

Finally, Grok names Chainlink (LINK) as the right pick for very aggressive speculators looking for higher risks. LINK is expected to reach the price range of $150 to $250 per token, according to the AI.

“Chainlink is a decentralized oracle network that provides real-world data to smart contracts. As the demand for reliable off-chain data in DeFi and other blockchain applications continues to grow, Chainlinks adoption and value could increase significantly.”

— Grok, by xAI

Conclusion

In summary, three different types of investors could benefit from deploying capital to Ethereum, Polkadot, and Chainlink, according to Grok. Notably, each project focus on different use cases like Web3 infrastructure, cross-chain solutions, and real-world data oracles, respectively.

Nevertheless, Grok warned for the speculative nature of its predictions and that “the cryptocurrency market is highly volatile and unpredictable.”