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.
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Source: https://newsbit.nl/chatgpt-voorspelt-xrp-koers-zal-dit-jaar-naar-3-dollar-stijgen/
