OriginTrail

Filecoin

Polkadot

Show

<p>Polkadot <a href="https://twitter.com/Polkadot/status/1759676976279806462" target="_blank" rel="noopener noreferrer nofollow">rolled out</a> a new artificial intelligence tool dubbed PolkaBot.AI – offering insights and information related to its blockchain ecosystem in the form of the red-hot chatbot ChatGPT.</p>
<p>However, despite the forward-thinking integration of AI, not all market observers remain bullish on DOT’s near-term price outlook.</p>
<h2 class="wp-block-heading" id="strong-polkabot-provides-customized-learning-about-polkadot-strong"><strong>PolkaBot Provides Customized Learning About Polkadot</strong></h2>
<p>As detailed on Polkadot’s official channels, PolkaBot.AI leverages decentralized AI OriginTrail and NeuroWebAI models to empower users with knowledge on all things Polkadot. People can access the bot directly via familiar chat interfaces or the PolkaBot.<a class="wpil_keyword_link" href="https://captainaltcoin.com/best-ai-crypto-projects/" title="ai" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">ai</a> website.</p>
<p>Framed as an educational resource, PolkaBot stands to boost awareness and understanding of Polkadot’s offerings at a time when complexity presents barriers to mainstream adoption. The move also keeps Polkadot at the forefront of AI integration, following similar Web3 projects in augmenting capabilities via machine learning.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p>The key? Getting in early, especially during the IDO phase. <strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow">Get in on NuggetRush</a></strong> now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the<strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"> current ICO prices</a></strong>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<h2 class="wp-block-heading" id="strong-technical-analyst-spots-ominous-price-pattern-strong"><strong>Technical Analyst Spots Ominous Price Pattern</strong></h2>
<p>However, despite the long-term innovations, trader Tony Bitcoin <a href="https://twitter.com/Toni_Bitcoin/status/1759839991004323924" target="_blank" rel="noopener noreferrer nofollow">highlights</a> the emergence of a bearish ascending wedge pattern on Polkadot’s DOT token charts.</p>
<p>This setup, characterized by consecutive higher highs and higher lows within a narrowing range, typically resolves downward with an eventual break below rising support.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="448" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-742-1024x448.png" alt="" class="wp-image-441017" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-742-1024x448.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-742-300x131.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-742-766x335.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-742-1536x672.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-742-2048x896.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-742-343x150.png 343w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-742-100x44.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-742-800x350.png 800w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-742-788x344.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-742.png 1793w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>If DOT confirms a breakdown in its wedge structure, Tony expects prices to drop and expects the opposite if it breaks the top of the wedge.</p>
<p>With Polkadot positioned as a long-term bet on web3 infrastructure, the project likely accepts near-term volatility if it can accelerate ecosystem-building.&nbsp;&nbsp;</p>
<p>Over the last 24 hours, DOT has traded relatively flat, gaining only 0.6%. Expanding the timeframe shows DOT remains stuck in a consolidation phase, with single-digit percentage changes over the past week (6.6% gain) and month (14.0% gain). Some bullish divergences appear on wider timeframes, with DOT notching a solid 17.4% rally over the past two weeks.</p>
<p>In the interim period, technical analysis provides clues about navigating market timing. But the big-picture trends may pay little heed to the price charts. Power users of PolkaBot itself may soon have an input into whether DOT bucks its wedge destiny.</p>
<p>You may also be interested in:</p>
<ul>
 <li><a href="https://captainaltcoin.com/kaspas-kas-token-soars-to-new-heights-surpassing-cosmos-atom-and-theta-tao/" target="_blank" rel="noopener noreferrer nofollow">Kaspa’s KAS Token Soars to New Heights, Surpassing Cosmos (ATOM) and Theta (TAO)</a></li>
 <li><a href="https://captainaltcoin.com/filecoin-fil-eyes-tripling-to-25-as-technicals-turn-bullish-and-solana-partnership-catalyzes-growth/" target="_blank" rel="noopener noreferrer nofollow">Filecoin (FIL) Eyes Tripling to $25 as Technicals Turn Bullish and Solana Partnership Catalyzes Growth</a></li>
 <li><a href="https://captainaltcoin.com/the-5-best-altcoins-to-watch-in-february-2024-which-altcoin-will-explode-in-2024/" target="_blank" rel="noopener noreferrer nofollow">The 5 Best Altcoins to Watch in February 2024: Which Altcoin Will Explode in 2024?</a></li>
</ul>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-nuggetrush-nugx-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check NuggetRush ($NUGX)</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy NUGX Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/polkadot-unveils-chatgpt-rival-polkabot-ai-but-analyst-warns-of-potential-dot-price-decline/" rel="noopener noreferrer nofollow">Polkadot Unveils ChatGPT Rival PolkaBot AI: But Analyst Warns of Potential DOT Price Decline</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Polkadot Unveils ChatGPT Rival PolkaBot AI: But Analyst Warns of Potential DOT Price Decline

Table of Contents

CaptainAltcoin

Other articles published on Feb 20, 2024

Bitcoin: Will ETF interest push BTC to new highs?

JPMorgan Reveals the Biggest Threat to Bitcoin

Twitter's (X) top trader reveals $1 Million bull run portfolio—the top 3 cryptos take up 83%

Minu Price Prediction: MINU Skyrockets 552% In 7 Days, But Traders Say A Surging New Solana Meme ...

Anticipation for Starknet Token Listing on Crypto Exchanges

Stellar Price Prediction: How High Can XLM Reach In February?

Join our free newsletter for daily crypto updates!