Artificial Intelligence (AI) models have evolved to become an indispensable tool among crypto and stock investors, especially when predicting future market trends and market price actions.
Amidst the surge in the adoption of AI chatbots in crypto platforms, Google Bard, the production AI version presented by Alphabet, appears to generate waves with its unique pattern of futuristic price projections for crypto projects.
In one of its most recent forecasts, Google Bard gave a pragmatic insight into Stellar’s future prices following the victory recorded in the court by Ripple.
Giving a brief insight into the supposed impacts of Judge Torres’ summary judgment that exonerated Ripple of most of all charges levied against it by the U.S. SEC, the chatbot noted that the famous court verdict turned out to be a welcome development for most crypto projects. It added that it creates opportunities for these crypto platforms to present their tokens without having to worry about SEC scrutiny, which will, in turn, boost investors’ confidence in these tokens, particularly Stellar (XLM).
Bard also noted that although XLM had seen several price declines, it remains above its pre-ruling levels, with high chances of being adopted by top financial firms and other crypto outlets.
Bitso, one of Latin America’s leading crypto outlets, reportedly incorporated Stellar’s anchor network into its platform to allow global firms to make low-cost USDC payments to Colombia, Argentina, and Mexico.
Intriguingly, the world’s second-largest crypto exchange, Coinbase, recently integrated Stellar into its outlet. Presently, Coinbase’s blockchain supports deposits and withdrawals via USDC.
Recall that shortly after Judge Torres’s unprecedented court ruling that absolved XRP of the acclaimed security status, XLM spiked by more than 60% over four consecutive days, reaching a 14-month high. XLM, during the intraday trading on July 13, surged further by a remarkable 100%.
Meanwhile, XLM’s recent performance appears to be pointing towards a bearish pattern, with just 12 green days out of the last 30 days, seemingly hinting at a 40% occurrence of upward price movements.
Price projections from crypto price predictions authoritative sites also corroborated XLM’s bearish sentiments. WalletInvestor, DigitalCoinPrice, TradingBeasts, CoinPricePrediction, and GovCapital predicted XLM market costs below the $0.20 price mark by the end of 2023.
Per CoinGecko, XLM price as of press time is $0.$0.1498, reflecting a decline of relatively 3% in the past 24 hours. Stellar boasts a fully diluted valuation estimated to be worth about $7,385,999,041 from a circulating pool of 27,306,355,299 tokens.
It is worth noting that the XLM price pattern got boosted by trading above the 200-day simple moving average, which indicates a potential XLM rally for market traders that use the indicator as a signal for trends and other market activities.
Follow us on Twitter, Facebook, Telegram, and Google News
Robinhood Crypto, the European division of the popular U.S. trading platform, has introduced a suite…
The excitement is palpable as the bull run of 2024 gains momentum. Investors are eager…
As the bull run of 2024 gains momentum, a select group of cryptocurrencies are positioning…
Ethereum, Solana, and Avalanche have had their run. These established players have dominated the crypto…
The Shiba Inu lead developer, Shytoshi Kusama, recently took to X to express his satisfaction…
In the ever-evolving world of cryptocurrencies, Near Protocol and Polkadot have exhibited remarkable metrics and…