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Google Bard, during the Rare Evo conference held in August this year, made some new predictions about the price of Cardano (ADA) until the end of 2023. Charles Hoskinson, the creator of Cardano, said in his opening speech that he believes Cardano will become the world’s largest cryptocurrency.
Cardano (ADA) Current Status
To achieve this, Cardano needs to be much bigger than it is now. For Cardano enthusiasts and investors, Google’s AI model, Google Bard, predicted the price of Cardano (ADA) for the end of 2023.
According to CoinMarketCap data, Cardano is currently trading at $0.2489 and is ranked 7th in terms of market value. It will need to overcome some crypto barriers to reach the top of the market. Let’s see what Google Bard thinks.
Cardano (ADA) Price by the End of 2023
The answer was sought from Bard in an environment where trust in artificial intelligence is increasing day by day. The response of the AI tool to the question was as follows:
Based on current market conditions and expert predictions, I believe that the price of ADA could range from $0.28 to $0.88 by the end of 2023. The average price could be around $0.62.
Looking at the current price of Cardano, one thing is certain; Bard expects the price to rise. Now the real question is how high it will rise. If it settles at the lowest price point of $0.28, it will mean an increase of 12.49%. This is much higher than what most coins have achieved this year and shows promising signs for the future. If it rises to $0.62, it will mean an increase of 149% and will indicate a more significant upward trend.
Finally, reaching the maximum prediction of $0.88 for Cardano may be a challenging point. However, Bard states that if the Cardano ecosystem continues to evolve and is adopted by businesses and institutions, it could see a higher price for ADA.
Discussing the price point of $0.88, which represents a 253.23% increase from the current price, Bard believes that ADA has the potential to reach that price by the end of 2023. However, he also mentioned that it is possible for ADA to fall below $0.28.
