The immense success of the text-based AI platform ChatGPT reflects a growing fascination in Artificial Intelligence (AI), and its usefulness is evident across multiple fields. For instance, it leverages predictive analytics to offer insight into future cryptocurrency assets such as Cardano (ADA).
To gain a better understanding of Cardano’s potential price by year 2030, Finbold asked the AI chatbot to take into consideration, when analyzing ADA’s price, various characteristics such as network upgrades and developments, number of smart contracts, crypto wallets available and most importantly community strength.
ChatGPT acknowledged that it is difficult to make an accurate prediction of Cardano’s price for the next decade due to a multitude of market factors and constant market fluctuations. Nevertheless, the AI tool did observe several key elements that could potentially influence the token’s price by 2030.
“Firstly, Cardano is known for its focus on research and development, and it has a strong development team working on implementing upgrades to its network. These upgrades, including the Alonzo hard fork, which introduced smart contract functionality, could potentially increase the demand for ADA as a utility token for decentralized applications and services.”
Moreover, ChatGPT noted that Cardano’s increasing number of ADA wallets could point to an expanding user base and adoption rate. The AI platform further emphasized the positive influence of Cardano’s vibrant community and partnerships with several organizations on its growth trajectory.
ChatGPT suggests $2 – $30 ADA range
Based on the assumptions mentioned above, the chatbot calculated that analysts and other web sources estimated a range of probable prices for ADA by year 2030. This is what it said:
“According to some sources, ADA could potentially reach anywhere from $10 to $30 or more by 2030, based on its developments and increasing adoption. However, it’s important to keep in mind that these are only estimates, and the actual price of ADA in 2030 could vary significantly based on a variety of factors.”
On the flip side, ChatGPT suggested more measured expectations on Cardano’s trajectory ; predicting it could trade between $2 and $5 by 2030.
Price Action
As of press time, ADA is changing hands at $0.40, up 2.20% intraday. The $13.8 billion market cap cryptocurrency is up almost 15% on a month-over-month basis.
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