Price analyses and insights projecting XRP to jaw-dropping price highs continue to surface. These have been raising the hope of XRP enthusiasts who anticipate a meteoric price rally to the current all-time high and beyond.
Recently, a now-deleted article published by Forbes surfaced. This article projected XRP to a new price high of $59,472. This unrealistic projection has generated discussions within the XRP community.
Read Also: As XRP Burn Rate Doubles Over 30 Days, Analyst Says $100 XRP Price Is Certain
The main reason behind Forbes’s mysterious article creating a buzz in the crypto space could be due to the nature of the revocation of the article.
Some implied that it might be due to gross misinformation, others hinted that it could be a routine editorial board exercise, while some opined that it could be related to potential legal or regulatory concerns.
It is worth noting that at the time of drafting this report, the reason behind this ridiculous projection has not been confirmed, as details are still sketchy.
However, amid the debates and speculations about the withdrawn report, Artificial Intelligence (AI) model perspectives were consulted, adding a new dimension to the prevailing dilemma.
Microsoft Bing and Google Bard have confirmed the existence and details of an article titled “The New Bitcoin Is XRP And It’s Headed To $59,472.”
The AI models noted the factors highlighted to support the price projection by Forbes publication. The rising adoption of RippleNet, positive crypto market sentiments, and the growing interest and adoption from individuals and firms were all spotlighted as forces that would catalyze the unrealistic ascent.
Read Also: Expert Chartist Says This Wave 3 Trend Can Send XRP Price to $12 or $50. Here’s the Timeline
Bing noted that Forbes promptly took down the news report from its platform almost as soon as it was published.
On the other hand, Bard took a historical angle to its insight, noting that the article was published on September 21, 2023, which some community members seemed not to agree with, but that is not even the main controversy revolving around the whole publication and revocation concerns.
Bard also added that the publication was possibly sponsored by a crypto investment outlet, begging the question of what could be the intent and purpose of attempting to make such a publication.
Follow us on Twitter, Facebook, Telegram, and Google News
The XRP price has surged significantly recently, experiencing an impressive 60% rally. As the token…
The crypto world is buzzing with excitement this week, and for good reason. President-elect Donald…
Ethereum (ETH) has long dominated the cryptocurrency space, setting itself as the foundation for decentralized…
As we look to 2025, the battle between token prices like the Dogecoin price and…
XRP, a digital asset often criticized for its lackluster price movements, has recently demonstrated remarkable…
HO CHI MINH, Vietnam, 17th November 2024, Chainwire