Cardano (ADA) has been a fixture in the crypto world for almost seven years. During the previous bull market, the project reached its all-time high (ATH) of $3.10. Currently, the price is significantly lower, at $0.63.
Whether Cardano will reach new highs remains a big question. To gain more insight into possible future price developments, we called on the expertise of the artificial intelligences ChatGPT and Gemini, previously known as Google Bard.
We specifically asked them for their forecasts for when Cardano could touch the $10, $20, and ultimately $30 price levels.
A Cardano (ADA) price of $10
Gemini, the artificial intelligence, is particularly optimistic about the future of ADA. According to Gemini, ADA’s share price could rise to $10 by the end of 2024, which would represent a remarkable increase of almost 1,500% in just 10 months.
ChatGPT, on the other hand, takes a more cautious stance and predicts that reaching $10 could take more than 18 months.
A Cardano (ADA) price of $20
Gemini predicts that the $20 price target for ADA would be achievable between 2025 and 2027. According to this Google-developed chatbot, achieving this goal will require broad market adoption and continued trust in the Cardano network.
ChatGPT echoes this view with a similar forecast, expecting a $20 valuation within a time frame of about 2 to 3 years.
A Cardano (ADA) price of $30
ChatGPT predicts that a price of $30 for ADA is still about 3 to 5 years away. Gemini agrees with this forecast from the OpenAI chatbot, indicating 2030 as the latest date. If ADA achieves this growth, it would amount to an impressive increase of 4,661% in a period of up to 6 years.
Cardano sees DeFi growth
The positive predictions for the project did not come entirely out of the blue. There is a lot of good news to report.
Cardano’s DeFi (Decentralized Finance) sector is experiencing remarkable growth, driven by innovation and the introduction of stablecoins.
Recently collected data indicates an increase in usage, which has resulted in record high Total Value Locked (TVL).
The new integration of stablecoins, such as iUSD and DJED, also plays a crucial role in increasing the stability and functionality of the ecosystem, including by reducing the risk of price volatility.
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Source: https://newsbit.nl/google-bard-en-chatgpt-dit-is-wanneer-de-cardano-een-koers-van-30-kan-bereiken/
