More than a year ago, ChatGPT experienced a global explosion in adoption and usage. This artificial intelligence (AI) can answer a wide range of questions and appears to have in-depth knowledge on many topics.
Partly because of this expertise, the chatbot is increasingly used to predict the price of XRP. Remarkably, the AI has a very optimistic view on XRP.
An XRP price of $3?
ChatGPT is very optimistic about the future of XRP and predicts that the price could reach $3 by the end of 2024. This would mean that the digital currency could rise by around 500% in up to seven months. However, the AI emphasizes that several factors are crucial to realizing this prediction.
Crucial factors
The legal battle between Ripple and the US Securities and Exchange Commission (SEC) appears to be slowly coming to an end. There is currently discussion about the amount of the fine that Ripple should pay.
The parties have not yet reached an agreement: the SEC is demanding $2 billion, while Ripple has proposed a much lower counteroffer of $10 million. Depending on the outcome of this case, this could have a positive or negative impact on the price of XRP.
The chatbot emphasizes that the adoption of XRP and the underlying technologies can have a significant impact. It is crucial that Ripple builds partnerships with financial institutions and expands the practical use of XRP, especially for cross-border payments.
A positive development is the integration of the Swiss company Metaco into the Ripple platform. The new services include asset tokenization, stablecoin issuance and staking, with a strong focus on security, connectivity and flexibility. With these new functionalities, Ripple is evolving from a payment protocol to a more extensive financial technology platform.
Trade €10,000 for free and get a 10 euro bonus
Do you want to enter the crypto world and perhaps buy XRP or another crypto? Then grab your chance now with this exclusive offer! Thanks to a special deal between Newsbit and Bitvavo, one of the most accessible and user-friendly crypto exchanges in Europe, our readers receive an exclusive offer.
Create an account with Bitvavo via the button below and receive a welcome gift of 10 euros completely free. And that’s not all – you also don’t pay trading fees on your first 10,000 euros in transactions. Register now!
Source: https://newsbit.nl/chatgpt-voorspelt-xrp-koers-zal-dit-jaar-naar-3-dollar-stijgen/