The rise in generative AI programs has undoubtedly become a major story of the last year. Moreover, it has become a key tool to understand the investment landscape and give some perspective on potential moves to make. Now, we’ll break down what ChatGPT predicts what Cardano (ADA) price will be in 2024.
Cardano has been one of the most popular digital assets on the market. With positive performances throughout the end of the year, ChatGPT discusses how the asset could perform in the coming year. Specifically, if it can continue its uptrend throughout the last year.
Also Read: Cardano (ADA) Price Prediction: January 2024
What ChatGPT Has to Say About Cardano (ADA) in 2024
Throughout the last several months of the year, the digital asset sector has observed immense optimism. On the heels of an incoming Spot Bitcoin ETF approval, the industry as a whole has benefitted. One of those was undoubtedly Cardano, which is trading near the $0.61 level a 148% increase over the last year.
Last month, Cardano’s total value locked (TVL) reached an all-time high of $444 million. Moreover, it has benefited alongside other altcoins from the greater Bitcoin rally. With its transactions surpassing 1.5 million per day, the overall interest appears to be increasing.
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However, what does ChatGPT have to say about Cardano (ADA) in 2024? Well, according to Crytpo Potato research, the generative AI program has stated that the asset will trade within the range from $0.80 and $1.20 in the coming year. Specifically, it notes that the ecosystem development should continue well into the new year.
The positive sentiment of the industry as a whole could also feed continued gains for the asset. Currently, the asset is trading at $0.55, and down more than 9% over the last 24 hours according to CoinMarketCap. Specifically, due to an overall market downturn that occurred today. However, that development could point to the adverse being true for the asset.