Ethereum Developer Creates AstroPepeX Meme Coin Using ChatGPT
Date: 2023-09-21 Author: Dima Zakharov Categories: BLOCKCHAIN, IN WORLD
Ethereum Developer Creates Meme Coin AstroPepeX with ChatGPT's Help
Modern artificial intelligence technologies continue to make inroads into the world of cryptocurrencies and blockchain, demonstrating their potential in creating new digital assets. Recently, an anonymous developer on the Ethereum network turned to ChatGPT to create a meme coin called AstroPepeX (APX).
The idea of creating a meme coin arose from a desire to test ChatGPT's capabilities
ChatGPT, which is a product of OpenAI, was not originally designed for cryptocurrency development, but this experiment allowed the developer to test its abilities in the blockchain space. This became possible through the integration of ChatGPT with Ethereum smart contracts, where the OpenAI API enables the integration of artificial intelligence into blockchain-based applications.
ChatGPT generated the code to launch a new token conforming to ERC-20 contract standards
The developer described that the integration of ChatGPT and the OpenAI API enabled the creation of code conforming to ERC-20 standards, upon which the meme coin AstroPepeX was launched. This process demonstrates the potential use of artificial intelligence in the development of blockchain applications and digital assets.
AstroPepeX saw trading volume exceed $14 million within its first day of release
After being listed on the Uniswap exchange, AstroPepeX experienced active trading, with its trading volume exceeding $14 million within the first day. This indicates high interest in this meme coin and the potential for significant speculation in the cryptocurrency market.
Following a deep dip, AstroPepeX showed a 54% price increase in one day
Despite the initial volatility and a significant dip, AstroPepeX managed to recover and demonstrated a 54% price increase within one day. This underscores the impact of hype and speculative nature associated with such coins, along with the high risks for investors.
Experiments with Artificial Intelligence and Cryptocurrency
AstroPepeX is not the first experiment in which artificial intelligence was used to create cryptocurrency assets. However, most of these coins often turn out to be temporary projects that rise on the hype but lack fundamental value. This highlights the importance of caution and awareness when investing in such digital assets.
This experiment underscores that modern artificial intelligence technologies continue to reshape the cryptocurrency and blockchain landscape, with innovations emerging from unexpected sources, including the creation of meme coins and tokens.
