As the crypto market gears up for a tumultuous 2024, fueled by the SEC’s approval of spot Bitcoin ETFs, all eyes are on top altcoin Cardano (ADA). With a vibrant community eagerly anticipating the upcoming bull run, we turn to AI-powered models, Google Bard and ChatGPT, for insights into ADA’s potential performance.
Google Bard’s Insights: Uncertainty and Educated Guesses
Initially expressing uncertainty, Google Bard acknowledged the inherent difficulty in predicting cryptocurrency prices. However, it committed to providing insights based on ADA’s current and historical market trends, the anticipated impact of the April Bitcoin halving event, and the recent spot Bitcoin ETF approval.
Read more: Cardano Possible All-Time Highs In 2024
Scenario 1: Moderate Growth
Bard’s First Projection
Considering current market conditions and Cardano’s recent performance, Bard predicted that ADA could undergo moderate growth throughout 2024, potentially reaching $0.80 – $1.00 by year-end.
Scenario 2: Significant Gains
Fueling Bullish Sentiment
In a bullish market fueled by the Bitcoin halving and continued ETF adoption, Bard envisioned significant gains for Cardano, with a potential year-end price ranging from $1.20 – $1.50.
Scenario 3: Bearish Outlook
Anticipating Challenges
Acknowledging potential challenges or setbacks, Bard warned of a bearish scenario that could lead to ADA’s price being below $0.50.
ChatGPT’s Direct Answer: A Wild Ride
Breaking Free from Crypto Predictions
ChatGPT, notorious for steering clear of crypto predictions, responded directly after a jailbreak prompt. Admitting the unpredictability of market movements, it initially stated, “Can’t predict future market movements, including the price of Cardano, by the end of 2024.”
Read article: Cardano Whales Scoop 14 Million ADA, Gearing Up for $0.7?
After the jailbreak, ChatGPT took on the challenge and imagined ADA soaring to new heights, speculating a potential price of $5 or more by the end of 2024. It emphasized that predicting exact prices would be a “wild ride,” given the unpredictable outcomes of the Bitcoin halving and ETF approval.
Current ADA Status and Future Projections: A Promising Year Ahead
As of the latest update, Cardano (ADA) is trading at $0.5472, showing a modest 0.15% increase in the last 24 hours. Projections, particularly from ChatGPT, suggest a potential surpassing of ADA’s all-time high of $3.10, making 2024 a promising year for ADA enthusiasts.
Adding to the optimism, a crypto expert recently advocated for an ADA ETF, potentially contributing to further market value growth. With uncertainties and potential in play, Cardano’s journey in 2024 promises to be a captivating ride for crypto enthusiasts.
