It is February 2024 already, which implies that the Bitcoin halving event estimated to play out in April 2024 is almost upon us. According to CoinMarketCap’s countdown, it remains about 71 days to the most anticipated event in the crypto industry.
As usual, the event will undoubtedly orchestrate price spikes across the general crypto market, including the Cardano (ADA) price.
At press time, Cardano (ADA), the ninth-largest cryptocurrency by market cap, is trading at about $0.51, reflecting a 3.7% price jump in the past 24 hours.
Read Also: Charles Hoskinson Predicts Remarkable Growth for Cardano (ADA) in 2024
This insight shall reveal what Cardano’s (ADA) post-bitcoin halving event price will be, according to two leading artificial intelligence models, ChatGPT and Bard.
Do you think Cardano (ADA) will exceed expectations after the Bitcoin (BTC) halving event? Find out as you read through this piece.
Taking on OpenAI’s artificial intelligence jailbreak ChatGPT version, we engaged the chatbot in a series of conversations to get what it thinks about Cardano’s (ADA) price after the conclusion of the Bitcoin (BTC) halving show.
The AI model projected Cardano’s (ADA) price based on three likely events that could play out after the halving show.
For a conservative estimate, ChatGPT speculated, “ADA could potentially see a moderate price increase following the Bitcoin halving event, reaching a price target of around $1.50 to $2.00 per ADA.”
In an optimistic scenario, the OpenAI chatbot remarked that Cardano (ADA) could attain price levels between $3 and $4. Part of ChatGPT’s projection for an optimistic outcome read thus, “If Cardano’s platform gains significant adoption and attracts more users, along with positive market sentiment, ADA could experience a more substantial price surge.”
Finally, in a highly bullish outlook, ChatGPT noted that ADA could break above its $3.1 all-time high attained in September 2021. The AI model sets price targets between $5 and $6.
On its part, Bard took a conservative approach while predicting the Cardano (ADA) price based on three possible outcomes.
Projecting potential price targets for a moderate outlook, Bard noted that ADA could sell between $0.75 and $1.50, reflecting a 50% to 100% increase from its current price standings.
For a bullish outlook, Bard remarked, “This scenario hinges on Bitcoin experiencing a significant post-halving price surge and increased mainstream adoption of Cardano.”
Read Also: Cardano Whales Abruptly Moved $125 Million. Is This Risky For ADA Price Trend?
The chatbot added that the Cardano (ADA) price could surge 300% to 600% to attain price levels ranging from $2 to $3.5.
In a bearish outlook, Bard projected that the Cardano (ADA) price could plunge slightly between $0.35 and $0.5. How events unfold remains to be seen.
Readers are encouraged to tread wisely by researching adequately before opting for crypto investment, as events might not play out as described in this insight.
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