The 1-year price prospects of Cardano (ADA) were amplified by two of the tech world’s most prominent chatbots, ChatGPT and Google Bard.
Many consider Cardano as one of the most innovative smart contract protocols in the blockchain ecosystem but whose native token ADA is grossly undervalued. ADA’s price and market capitalization are down by 0.78% to $0.5349 and $18,931,061,618 respectively.
Notably, Cardano boasts of multiple positive features. From an active developer ecosystem that powers innovative products like Girolamo to an active community that amplifies its key products.
ChatGPT and Cardano Mega Pump Ahead
While 12 months seems like a long time, in the fast-moving crypto ecosystem, this time can quickly flash through one’s eyes. In this time, a lot could be achieved and ChatGPT realized this tendency when it projected that Cardano’s price could touch $5 to $6 by the end of 2024.
This forecasted price is way ahead of the All-Time High (ATH) of $3.10 previously achieved by the coin. Justifying its reasons for the mega targets, ChatGPT stresses the growing Cardano ecosystem and the wide adoption in the broader digital currency ecosystem.
The Chatbot noted that with uncertainty in the market, Cardano’s price could settle in between the $3 to $4 range. This call, though highly ambitious, still tracks way lower than the mega projections from top market analysts like Dan Gambardello and Ali Martinez.
The Google Bard’s Take on Cardano
The optimistic call on Cardano was also complemented by Google Bard which projected a yearly high of $1.46 amid an average price of $1.29 respectively. On a more pessimistic note, Google Bard highlighted that Cardano could drop as low as $0.4040 by the end of the year.Â
An intriguing attribute of this price target from Google Bard is the link to factors that can make or mar Cardano’s growth prospects within the time in focus.
While it suggests that regulatory clarity and developers’ consistency in rolling out new products in the ecosystem can help drive the price of ADA, the chatbot cited competition from other chains as a major factor that might tilt the balance overall.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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