Grok

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 <p class="paragraph">Grok is an artificial intelligence model developed by xAI – founded by Elon Musk in 2023. Since its launch, Grok AI has thrived with a different approach to GPT-like models, being a success on X.</p>
 <p class="paragraph">In particular due to its ability to scan what users are saying on the social platform in real time. This feature allows for valuable insights into user sentiment, opinions, and trends, which Finbold decided to explore further.</p>
 <p class="paragraph">We then asked Grok to scan X and list three cryptocurrencies people should “stay away from.” Surprisingly, the AI named Dogecoin (DOGE), Shiba Inu (SHIB) and Tron (TRX). The first two are very popular on the platform and were previously promoted by Elon Musk.</p>
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    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
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 <p class="paragraph">On the other hand, xAI’s chatbot has already named the ideal <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a> for payments on X.</p>
 <h2 class="wp-block-heading" id="h-grok-ai-tells-people-to-stay-away-from-dogecoin-doge">Grok AI tells people to stay away from Dogecoin (DOGE)</h2>
 <p class="paragraph">First, Grok explains that Dogecoin started as a joke but gained popularity in the <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency market. According to the AI, this growth was due to meme-based branding and celebrity endorsements. However, there are three main reasons to stay away from DOGE:</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">“<strong>Lack of competitive advantages:</strong> Dogecoin does not offer any significant improvements or innovations in the <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency space.</p>
  <p class="paragraph"><strong>High volatility: </strong>The value of Dogecoin has been known to fluctuate wildly due to its association with social media trends and celebrity endorsements.</p>
  <p class="paragraph"><strong>Limited use cases: </strong>Dogecoin’s primary use is as a speculative investment rather than a practical currency for everyday transactions.”</p> <cite>– Grok, by xAI</cite>
 </blockquote>
 <figure class="wp-block-image size-full"><img decoding="async" width="906" height="584" src="https://cdn.thebittimes.com/images/2024/02/22/af623ef4c9a37b10d74dc46968dbf2ed.webp" alt class="wp-image-156468" srcset="https://cdn.thebittimes.com/images/2024/02/22/af623ef4c9a37b10d74dc46968dbf2ed.webp 906w, https://cdn.thebittimes.com/images/2024/02/22/af623ef4c9a37b10d74dc46968dbf2ed.webp 300w, https://cdn.thebittimes.com/images/2024/02/22/af623ef4c9a37b10d74dc46968dbf2ed.webp 768w" sizes="(max-width: 906px) 100vw, 906px">
  <figcaption class="wp-element-caption">
   Grok (by xAI) output to stay away from Dogecoin (DOGE). Source: Finbold
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="shiba-inu-shib-is-another-cryptocurrency-to-avoid">Shiba Inu (SHIB) is another cryptocurrency to avoid</h2>
 <p class="paragraph">Second, Elon Musk’s developed AI warns investors to stay away from Shiba Inu. Interestingly, Grok attributes SHIB’s success to being another meme-based cryptocurrency, similar to Dogecoin.</p>
 <p class="paragraph">The reasons to avoid Shiba Inu are pretty much the same as the ones listed for DOGE:</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">“<strong>Lack of utility: </strong>Similar to Dogecoin, Shiba Inu does not offer any significant improvements or innovations in the <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency space.</p>
  <p class="paragraph"><strong>High volatility:</strong> Shiba Inu’s value is also subject to wild fluctuations due to its meme-based branding and social media hype.</p>
  <p class="paragraph"><strong>Limited use cases:</strong> Like Dogecoin, Shiba Inu is primarily used as a speculative investment rather than a practical currency for everyday transactions.”</p> <cite>– Grok, by xAI</cite>
 </blockquote>
 <figure class="wp-block-image size-full"><img decoding="async" width="906" height="538" src="https://cdn.thebittimes.com/images/2024/02/22/10dc35f63e8d62050d67519c40ad1df9.webp" alt class="wp-image-156472" srcset="https://cdn.thebittimes.com/images/2024/02/22/10dc35f63e8d62050d67519c40ad1df9.webp 906w, https://cdn.thebittimes.com/images/2024/02/22/10dc35f63e8d62050d67519c40ad1df9.webp 300w, https://cdn.thebittimes.com/images/2024/02/22/10dc35f63e8d62050d67519c40ad1df9.webp 768w" sizes="(max-width: 906px) 100vw, 906px">
  <figcaption class="wp-element-caption">
   Grok (by xAI) output to stay away from Shiba Inu (SHIB). Source: Finbold
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="stay-away-from-tron-trx">Stay away from Tron (TRX)</h2>
 <p class="paragraph">Finally, Grok urges investors to avoid Tron, a blockchain platform mostly known for offering efficient transactions with stablecoins. Recently, Circle announced the removal of USDC from the Tron Network.</p>
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   <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
    <p lang="en" dir="ltr">1/ We are discontinuing USDC on the TRON blockchain in a phased transition. Effective immediately, we will no longer mint USDC on TRON. Transfers and redemptions of USDC on TRON will continue to operate normally through February 2025. Read the details: https://t.co/kw9A3ZUpWH</p>— Circle (@circle) February 21, 2024
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 <p class="paragraph">As for the reasons to stay away from TRX, AI mentions regulatory and centralization concerns, plus a competitive environment.</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">“<strong>Regulatory concerns:</strong> The founder of Tron, Justin Sun, has faced regulatory scrutiny and accusations of plagiarism, which could negatively impact the project’s reputation and future development.</p>
  <p class="paragraph"><strong>Centralization concerns: </strong>Despite its goal of decentralization, some critics argue that Tron is too centralized, with a significant portion of the TRX tokens being held by the development team and a small number of large investors.</p>
  <p class="paragraph"><strong>Competition: </strong>Tron faces stiff competition from other blockchain-based platforms, such as Ethereum and EOS, which could limit its growth and adoption.”</p> <cite>– Grok, by xAI</cite>
 </blockquote>
 <figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="906" height="640" src="https://cdn.thebittimes.com/images/2024/02/22/90e3cba940c2aa7a0a03a80180cdb22a.webp" alt class="wp-image-156473" srcset="https://cdn.thebittimes.com/images/2024/02/22/90e3cba940c2aa7a0a03a80180cdb22a.webp 906w, https://cdn.thebittimes.com/images/2024/02/22/90e3cba940c2aa7a0a03a80180cdb22a.webp 300w, https://cdn.thebittimes.com/images/2024/02/22/90e3cba940c2aa7a0a03a80180cdb22a.webp 768w" sizes="(max-width: 906px) 100vw, 906px">
  <figcaption class="wp-element-caption">
   Grok (by xAI) output to stay away from Tron (TRX). Source: Finbold
  </figcaption>
 </figure>
 <p class="paragraph">However, these outputs are based on X user’s sentiments and overall perception. Therefore, investors must not use this information alone while making financial decisions. Instead, use these insights as a motivator to study and understand each of these <a rel="noopener noreferrer nofollow" title="cryptocurrencies" href="https://thebittimes.com/tag/cryptocurrencies.html">cryptocurrencies</a> to stay away from.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/grok-ai-picks-3-cryptocurrencies-to-stay-away-from-tbt80432.html">https://thebittimes.com/grok-ai-picks-3-cryptocurrencies-to-stay-away-from-tbt80432.html</a></p>

Grok AI picks 3 cryptocurrencies to stay away from

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