Cardano (ADA) remains one of the cryptos with promising prospects that have attracted considerable attention over time.
Per Cardano’s (ADA) data on CoincGecko, the digital asset is ranked the ninth-largest crypto asset by market cap. The crypto asset is changing hands at about $0.50 after seeing declines in the just-concluded month.
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Notably, the last 30 days saw ADA register a 21.3% decline. In addition, the digital asset traded between maximum and minimum prices of $0.53 and $0.46 respectively, in the past week.
Amidst the declines in the Cardano (ADA) market variables, crypto enthusiasts still think that it boasts the potential to reclaim its all-time high (ATH) of about $3.1, attained in September 2021.
In light of the above, we deemed it fit to ask ChatGPT and Bard what they think about the prospect of Cardano (ADA) reclaiming its ATH.
ChatGPT’s Insight
The OpenAI artificial intelligence (AI) chatbot noted that predicting when Cardano (ADA) will revisit its previous ATH seems tricky, considering the high volatility associated with the crypto sphere.
Nevertheless, the chatbot remarked that Cardano (ADA) could still reclaim its ATH in the next 12 to 24 months, which invariably implies a year or two years from now.
ChatGPT did not stop at predicting when it expects Cardano (ADA) to reach its ATH, the chatbot also highlighted crucial factors that can catalyze its price drive.
The spotlighted factors included increased adoption rate, improved fundamentals, favorable market trends, regulatory clarity, and increased institutional investments.
Google Bard’s Insight
Like ChatGPT, Bard admitted how difficult it could be to predict a timeline for Cardano (ADA) to reclaim its previous all-time high.
The Google AI model was highly skeptical about mentioning a specific or potential timeline for such to happen. However, pressing further, the chatbot highlighted possible timelines based on scenarios that could play out.
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The first scenario painted by Bard was a rapid growth outlook fuelled by an overall crypto market rally for cryptocurrencies, significant Cardano and its Decentralized (DeFi) applications, positive regulatory developments, and significant technical advancements.
In this scenario, Bard noted that it will take 1 to 2 years before ADA will hit the $3.1 price mark. To describe the possibility of the scenario, Bard added, “Less likely, as it requires multiple highly favorable conditions aligning simultaneously.”
Read Also: Charles Hoskinson Predicts Remarkable Growth for Cardano (ADA) in 2024
The second scenario, “Moderate growth outlook,” will require 3 to 5 years for Cardano (ADA) to reclaim its ATH. Bard noted that it seems more likely than the first outlook.
The last scenario was a stagnant or slow growth outlook, which Google Bard noted would require more than five years to achieve.
For the likelihood of the above playing out, Bard noted, “Cannot be ruled out, as the crypto market is known for its volatility and uncertainty.”
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