With the interest in artificial intelligence (AI) still prevalent following the introduction of ChatGPT by OpenAI, other major names, including Google Bard which has proven its ability to analyze cryptocurrencies, continue their investments.
With most assets in the cryptocurrency sector finally making a stronger rally, Cardano is no exception and recorded significant increases on all of its charts. Considering this, Finbold consulted Bard for information about the possible price of this asset at the beginning of 2024.
Bard’s Cardano Prediction
According to the review conducted by chat-based artificial intelligence, a level between $0.4242 (according to Binance Research’s prediction) and $0.90 (according to Cardano’s informative channel Cardano 360’s prediction) was indicated for ADA at the beginning of 2024.
Google Bard seems to have based its predictions on Binance Research and a few analysts’ predictions. According to Binance Research, the average price of Cardano in 2024 has been predicted to be at a level of $0.4767 between $0.4242 and $0.5344, and Bard shares this in response to the question.
In addition, Bard shared data from CoinMarketCap. According to this data, the average price prediction for 2024 was $0.515, with a minimum price of $0.43 and a maximum price of $0.61.
Finally, according to Cardano 360, the price expectation for 2024 is calculated as an average price expectation of $0.70 with a minimum of $0.55 and a maximum of $0.90.
Lastly, Bard made positive comments about the development efforts of the Cardano network, which began with the Vasil hard fork in September 2022, and the continuous work of the Input-Output Global (IOG) team led by co-founder Charles Hoskinson.
Cardano Price Analysis
Cardano is currently trading at a price level of $0.4953 and experienced a strong increase of 13.07% in the last 24 hours. The altcoin, which experienced a gain of 29.30% over a seven-day period, saw a rise of 39.84% on the monthly chart according to the latest data as of December 8.
Overall, considering the recent price movements, which crypto expert Ali Martinez stated “reflected the 2018-2020 price movements” and “prepared for a potential rally up to $0.75 by the end of December”, Cardano (ADA) could have the capacity to meet the bullish prediction put forward by Google Bard. Moreover, the crypto market is also known for its surprising turns.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry risk due to their high volatility and should conduct their transactions in accordance with their own research.
