XRP along with two other cryptocurrencies was projected to see an incredible 100,000% increment in market valuation by 2024. This prediction is coming following the emergence of several bullish XRP price predictions for the past couple of weeks.
In the most recent price prediction, XRP Captain, a prominent XRP enthusiast, took to his verified X handle to share his conversation with ChatGPT, an OpenAI’s artificial intelligence (AI) model renowned for its applications in the crypto sphere, especially in the area of price predictions.
BREAKING 🚨🚨 #XRP To Pump 100,000% By 2024. Confirmed By #ChatGPT 👀👀👇 pic.twitter.com/ENFrfGidIw
— XRP CAPTAIN (@UniverseTwenty) October 11, 2023
Read Also: Based On 4-Year XRP Price Pattern, Analyst Sees 63% Drop From $0.93 Before Major Rally
From the shared chat, it was apparent that XRP Captain might have most likely enquired about cryptocurrencies with massive potential for an incredible surge in price.
ChatGPT’s Outrageous Prediction for XRP, Bitcoin, and Ethereum
The machine learning algorithm highlighted XRP, Bitcoin (BTC), and Ethereum (ETH) as tokens with proven potential to surge by 100,000%.
At the time of writing, XRP, BTC, and ETH are priced at $0.48, $26,811.8, and $1,546.8, respectively. A 100,000% increase will send the price of XRP to approximately $480, BTC to about $26.8 million, and ETH to relatively $1.55 million.
100,000 Increase In Crypto Assets Prices – Market Analyst Gives Insight
A crypto channel on YouTube shared its insight on the presumed projection by ChatGPT. According to the market analyst, such an incredible rise in price is not feasible for cryptocurrencies based on current standings.
He noted that the crypto industry is relatively small when likened to other sectors of the world’s economy. Making an analogy using Bitcoin, the Youtuber recalled BTC’s humble beginning and its gradual ascent to becoming the number one cryptocurrency with a market capitalization estimated to be worth $500 billion.
He added that BTC’s substantial and sustained growth could be due to the prevailing condition, which is not the same as what is obtainable now. This implies that Bitcoin did not just explode spontaneously, he said market and economic standings seemed to have favored it.
Read Also: Ripple CTO Stresses Limitations in Debunking XRP Price Predictions
XRP Spiking 10X Or 20X Appears Feasible
The Youtuber conceded to the fact that a 10X or 20X increment in XRP price appears conceivable, noting that the token might see significant surges that could catapult it to $50 in the long run.
He advised that the crypto community desist from entertaining ridiculous price predictions and be rational in accepting some price predictions.
Follow us on Twitter, Facebook, Telegram, and Google News
