Cardano is described as one of the groundbreaking projects in the cryptocurrency world and stands out as an innovative protocol that promises hope for the future of blockchain technology. However, its price is currently trading well away from its all-time high ($3.1). Additionally, its ATH is only $3.1, which is considered a very low level compared to the potential of the altcoin.
However, predictive tools such as AI-powered chatbots Google Bard (now known as Gemini) and ChatGPT are predicting a significant increase in Cardano’s price. These chatbots predict that the price of ADA may rise up to 10, 20 or even 30 dollars in the coming period. These estimates may reflect the future growth potential and adoption rate of the platform.
Currently, Cardano price is trading around $0.5862. If the price of ADA rises to $10, this means it will rise 1.605% from the current level.
Gemini’s Cardano Forecast
Predictions about when Cardano’s price will reach $10, $20, and $30 must be evaluated within the context of a complex and volatile crypto ecosystem. As Google Gemini points out, it can be difficult to put such price predictions on a specific timeline. However, based on the basic forecasts of expert analysts in the industry, it is possible to get a certain idea.
Chatbot Gemini expects Cardano to reach a price of $10 by the end of 2024. This prediction is supported by key factors such as adoption and consistent updates. In particular, the increasing adoption of Cardano in the ecosystem and the stability and reliability of updates to the protocol may trigger the price to reach this level.
However, when it comes to the $20 price target, Gemini notes that it will take longer to reach this target: this target could probably happen between 2025 and 2027. During this time, there should be a noticeable increase in the adoption of Cardano and the security of the network. In order for this growth to occur, widespread acceptance and reliability in the market are critical.
Finally, Gemini suggested that the $30 price range might not be reached until 2027 or 2030. Gemini expects ADA to achieve this goal only in an environment of unpredictable market trends and favorable regulations.
Rating of ChatGPT
According to ChatGPT’s analysis, it may take approximately 12 to 18 months for Cardano to reach the $10 price limit. This is an estimate, taking into account the current status of the project and its pace of development.
However, to reach the more ambitious goal of a $20 price point, estimates suggest it could take 2 to 3 years. This is a level Cardano has not yet reached but is aiming for. According to ChatGPT’s predictions, under conditions similar to Gemini’s, it could take 3 to 5 years for ADA to reach $30.
What is particularly notable is that Cardano took a more modest stance than market analysts ahead of Bitcoin’s halving. This may reflect confidence in the long-term growth potential of the project. The Cardano protocol is evolving rapidly, and there are solid foundations in the nature of the ecosystem that will support this growth forecast in the long term.
You can follow the current price movement here.
Source : the crypto basic