The second largest cryptocurrency in terms of market value Ethereum, is a leader in the field of decentralized finance (DeFi) with Web3. ETH, which increased by almost 100% in 2023, wants to offer its investors an optimistic outlook in 2024.
As we reported as Koinfinans.com, Grok AI, which was founded by Elon Musk and has a direct connection with X, expects the ETH price to be in the range of $ 4000-5000 by the end of 2024. While AI states that the top value could be $6500 in 2024, it suggests a bottom level of $2500.
The AI prediction is extremely bullish as ETH is currently trading at $2,306 as of press time. However, Grok is still analyzing on incorrect data because the market is already below the minimum. Analysts who pointed out this detail to artificial intelligence received a different answer.
Our Ethereum price prediction for late 2024 takes into account several factors, including the successful Shanghai upgrade, the transition to Proof-of-Stake, and the potential for Ethereum ETFs. The growth of the Ethereum ecosystem as well as the impact of the Dencun Upgrade are also taken into account. With a projected minimum of $2,300, a maximum of $6,500, and an average price of $4,000, Ethereum continues to have the potential to make significant gains in 2024.
NEWS CONTINUES BELOW
Although Grok uses old data from time to time, it seems to have taken more recent developments and potential into its Ethereum price prediction. The accuracy of artificial intelligence’s prediction means an average price increase of 74% on an annual basis. However, reaching the maximum price estimate represents a rate as high as 180%.
