2024 is expected to be a rollercoaster year for the crypto market. Now that the U.S. Securities and Exchange Commission (SEC) has approved spot Bitcoin ETFs, expectations are high for the crypto market.
Cardano (ADA), one of the top altcoins, has a vibrant community eager to see how well their beloved token performs in the 2024 bull run. We consulted Google Bard and ChatGPT, the top AI-powered Large Language Models (LLM), to get an answer.
Read Also: Cardano Price Trend History Shows An Epic Milestone Is Underway For ADA
At first, Google’s AI tool expressed some uncertainty, writing, “Predicting the future price of any cryptocurrency is notoriously difficult, and Cardano (ADA) is no exception.”
However, it stated that it would provide insights and educated guesses based on ADA’s current and historical market trends, the potential impact of the upcoming Bitcoin halving event in April, and the spot Bitcoin ETF approval.
Bard provided three potential scenarios for ADA in 2024.
Scenario 1: Considering current market conditions and Cardano’s recent performance, Bard predicted a scenario where ADA could experience moderate growth throughout 2024, potentially reaching around $0.80 – $1.00 by the end of the year.
Scenario 2: If the overall market sentiment turns bullish, fueled by the Bitcoin halving and continued ETF adoption, Bard believes Cardano could see significant gains, potentially reaching $1.20 – $1.50 by year-end.
Scenario 3: If the broader market faces challenges or Cardano encounters unforeseen setbacks, its price could stagnate or decline. Bard believes that a bearish scenario could send ADA below $0.50.
Read Also: Cardano Dev Unveils Roadmap to Revolutionize the Gaming Industry
ChatGPT gave a more direct answer. However, it didn’t offer this answer to a regular prompt. ChatGPT has become notorious for staying away from crypto predictions without a jailbreak. The classic version of ChatGPT stated outright that it “Can’t predict future market movements, including the price of Cardano, by the end of 2024.”
However, after a jailbreak prompt, it took on the challenge. It admitted that predicting exact prices would be a “wild ride” because of the unpredictable outcomes of the Bitcoin halving and ETF approval.
For ADA’s future price, ChatGPT wrote, “Let’s imagine Cardano soaring to new heights, maybe hitting $5 or more by the end of 2024. The crypto rollercoaster has just begun!”
At the time of writing, Cardano (ADA) is trading at $0.5472, up 0.15% in 24 hours. 2024 could be a huge year for ADA, as ChatGPT believes it can surpass its all-time high of $3.10. A crypto expert also recently made the case for an ADA ETF, which could further help boost its market value.
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