ChatGPT4o predicts when Cardano price will reach 1

During a challenging period for Cardano (ADA) prices, which have been declining across all charts, a well-known artificial intelligence (AI) model has provided insights into when the 10th largest cryptocurrency by market capitalization could reach $1.

Despite positive developments such as Cardano’s partnership with the government of Entre Ríos province in Argentina to boost blockchain adoption and enhance crypto infrastructure in the region, the digital currency has been under significant selling pressure.

In order to predict the future price of Cardano, Finbold sought the expertise of ChatGPT-4o, the latest iteration of OpenAI’s AI model. The chatbot offered two scenarios for when ADA could hit $1 based on available information and analysis.

According to the optimistic scenario, ADA could reach $1 by mid to late 2024, supported by various technical indicators and market analysis. On the other hand, a more conservative target date of 2025 was set, taking into consideration moderate growth projections and expert opinions.

The AI model highlighted the impact of factors such as Bitcoin’s halving cycles and the growth of the Cardano network, which has undergone significant upgrades like the introduction of staking and smart contracts in the Shelley and Alonzo phases, respectively.

Currently, Cardano is trading at $0.42297, representing a 1.49% decline in the last 24 hours and a 13.42% drop over the past seven days. Despite this, pseudonymous crypto analyst Sssebi has suggested that Cardano hitting $2 in August is highly likely, citing progress on upcoming node upgrades and the Chang hard fork going live.

In conclusion, while the generative AI model suggests a timeline for Cardano reaching $1, there is potential for the digital currency to achieve this milestone sooner, especially if predictions from experts like Sssebi are accurate. However, it is important to conduct independent research as the crypto sector can be unpredictable.