OpenAI o1 builds ideal crypto portfolio for the 2024 bull run


OpenAI o1 builds ideal crypto portfolio for the 2024 bull run

  finbold.com 21 September 2024 18:40, UTC

Cryptocurrency analysts say an altseason is “just around the corner,” getting ready for a crypto bull run starting in 2024.

Looking for insights on how to better build an investment position, Finbold turned to OpenAI’s recent launch and most advanced artificial intelligence (AI), o1, asking for the ideal crypto portfolio given this potential opportunity.

Notably, the “PhD-like” OpenAI model offered a complete portfolio subdivided in six categories. First, large- and mid-cap cryptocurrencies represent 30% of the investment, followed by small-caps and three niche sectors totaling 40%.

As disclosed, o1 looks to maximize the potential return given the growing perception of a more favorable scenario for altcoins. In particular, allocating to projects outside the top 10, currently breaking out of a capitalization downtrend, as Ali Martinez highlighted.

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%)

First, DeFi projects received a 10% allocation, divided among Uniswap (UNI), Aave (AAVE), Compound (COMP), and Synthetix (SNX). Followed by Decentraland (MANA), The Sandbox (SAND), Enjin Coin (ENJ), and Axie Infinity (AXS) for metaverse and NFT-related tokens, totaling 5% of the crypto portfolio.

Finally, o1 recommends another 5% allocation to 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take all that with a grain of salt, considering artificial intelligence models are limited to public data and could be outdated.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: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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