Google Bard will be released after the halving expected to take place in April. Cardano He shared the possible scenario regarding the price.
Google Bard first predicts that the Bitcoin price will approach $100,000, in line with CoinCodex’s prediction. This movement in BTC price could result in Cardano price rising to a range between $2.5 and $5.
The principle behind this prediction is a moderate spillover effect from Bitcoin’s potential upside. Bard notes that historically altcoins like Cardano have experienced 2x to 5x increases following Bitcoin bull runs.
With a bullish target of $100,000 for Bitcoin, the AI chatbot believes that ADA could potentially reach $1.22 to $3.05, with an upside of $2.5 to $5 due to increased market confidence and capital flows.
For the second scenario, Google Bard mentions a Bitcoin halving target of $250,000 projected by BitQuant. In this case, the Cardano price is predicted to be between 5 and 10 dollars. A price of $10 would mark an increase of 1,539% from ADA’s current price of $0.61.
Bard thinks that if BTC reaches $250,000, the Cardano price may increase 8-fold to 16-fold.
In the third scenario, Google Bard predicted a Bitcoin halving target of $50,000. Here, ADA’s price projection predicts that it will be between $1 and $2. The rationale is based on a more muted effect than Bitcoin’s potential rise.
Google Bard points out some factors to consider, including Cardano’s specific development progress, adoption of Cardano’s blockchain for decentralized applications (dApps), and overall market sentiment towards cryptocurrencies.