Cardano (ADA) is one of the most promising assets in the market today and AI chatbots Google Bard and ChatGPT have shared 3 price targets to watch out for post Bitcoin halving.
Cardano’s growth has been stunted recently, hovering between a monthly low of $0.4497 and a high of $0.618. At the time of writing, the coin’s price and market cap are down by 3.97% in 24 hours to $0.4921 and $17,446,874,339.
The trading volume is the only metric in the green today, having jumped 7.6% to $477,799,146. Amid this performance, here are projections from ChatGPT and Google Bard on the price of ADA post-halving.
ChatGPT and Google Bard on ADA Price Insight
The Crypto Basic’s consultation with ChatGPT gave three different price targets for Cardano all with a positive outlook. According to the chatbot, Cardano could trade from $1.5 to $2 under bearish scenarios after the Bitcoin halving event.
ChatGPT projected a moderate scenario of a $3 to $4 price target and a bullish scenario surge from $5 to $7. Compared to the current price of Cardano, these are highly ambitious targets ultimately surpassing the coin’s All-Time High (ATH) price of $3.1.
The AI chatbot hinges on the potentially positive adoption of Cardano’s technology and overall market stability as one of the key reasons behind the bullish forecasts.
For Google Bard, a more cautious estimate was given, with the conservative scenario pegging the price of ADA between $0.5 and $0.75. The moderate scenario comes with a $0.75 to $1.25 while the optimistic target ranges from $1.15 to $3.
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Justifying the Bullish Forecasts
Almost similar justifications were given by both ChatGPT and Google Bard with the Cardano growing ecosystem and developmental progress specifically highlighted.
Cardano has been taunted as the most active crypto protocol on GitHub with its developers always fully working on new products, upgrades, and other nerdy activities.
The protocol is building the technology for the future with Hydra, Mithril, and Midnight protocols among the innovations tied to it.
In the long run, Cardano hopes to flip Ethereum, not necessarily in token price but in overall ecosystem liquidity.