Google Bard has provided some new predictions for what the price of Cardano (ADA) will be by the end of 2023.
During the Rare Evo conference in August of this year, Cardano creator, Charles Hoskinson, said in his keynote that he believes Cardano would become the biggest cryptocurrency in the world. To achieve this, Cardano would have to become much bigger than it is now.
For the Cardano enthusiasts out there, Google Bard, the large language model run by Google, has predicted the price of Cardano (ADA) for the end of 2023.
Cardano is currently trading at $0.2489 according to data from CoinMarketCap and it is currently ranked 7th according to market cap. To get to the top of the market, it will have to surpass some crypto juggernauts. Let’s see what Google Bard thinks.
Cardano (ADA) Price for the End of 2023
Bard states, “Based on the current market conditions and expert predictions, I believe that the price of ADA could range between $0.28 and $0.88 by the end of 2023. The average price could be around $0.62.”
From Cardano’s current price, one thing is for sure; Bard expects it to go up. The question now is by how much. If it settles at the lowest price point of $0.28, that will be an increase of 12.49%. This is a lot more than most coins in the market have done this year and it shows good signs for the future. If it surges to $0.62, this would be an increase of 149%, a much more significant uptrend.
Finally, Cardano getting to the maximum prediction of $0.88 might be a difficult task. However, Bard says, “The continued development of the Cardano ecosystem and increased adoption by businesses and institutions could support a higher price for ADA.”
Speaking further on the $0.88 price point, which is a 253.23% increase from the current price, Bard said, “I believe that ADA has the potential to reach a price of $0.88 by the end of 2023, but it is also possible that it could stay below $0.28.”
It closes the prediction advising investors to do research and understand the risks before investing in Cardano (ADA).