Cryptocurrency

Bitcoin ETF

Avalanche

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 <p class="paragraph">Avalanche (AVAX) has had a very interesting 2023. It has, for example, made several key partnerships such as those with Amazon’s (NASDAQ: AMZN) AWS – a leading provider of infrastructure for cloud computing – and BLRD – a gaming company seeking to build its first Web3 game with the help of Avalanche.</p>
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 <p class="paragraph">The <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of AVAX has also been interesting throughout the year, particularly in the last three months, as it has surged by more than 200%. It also experienced a significant spike in volume at the beginning of the fourth quarter of the year, largely due to the launch of Stars Arena – though this has diminished after the platform was hacked in early October.</p>
 <p class="paragraph">With all of these developments in mind and the new year in just a few days, Finbold decided to consult the artificial intelligence (AI) of ChatGPT – the flagship platform of OpenAI – on where AVAX might find itself on January 1, 2024.</p>
 <h2 class="wp-block-heading" id="h-chatgpt-predicts-avax-price-on-new-year-s-day">ChatGPT predicts AVAX price on New Year’s Day</h2>
 <p class="paragraph">When making its prediction, ChatGPT took into account the various developments pertaining to Avalanche, and boosting its overall ecosystem, as well as its recent <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> movements, and initially estimated that AVAX would find itself somewhere between $50 and $60.</p>
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       <h3 class="font-bold leading-6 " id="chatgpt-picks-5-cryptocurrencies-to-buy-for-start-of-2024">ChatGPT picks 5 cryptocurrencies to buy for start of 2024</h3>
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 <p class="paragraph">When pressed to narrow the range, the AI stated that it considers $42-47 as the most credible, though it highlighted that, even by the standards of the crypto market, AVAX has been going through significant volatility.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/d0ecYtzMJV-85yKmo-luMU3Lxhpk8bDBcC2qBd62XAy1T5GEgFPowk8U58LCCuQ1Ez2ujpP6HOzU0OEhIHSlJQ3uoz0PyuYqQQhY0G9zmABq_-xIpyoJZQzV_sk9V171f3X8dMHE87VMtBXlEhtJUXI" alt>
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   ChatGPT predicts AVAX January 1, 2024 price range. Source: Finbold and ChatGPT
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 <p class="paragraph">ChatGPT also admitted that it sees some potential for a more significant bull run in the coming days that could take Avalanche as high as $65 provided the market more broadly maintains a decisive upward momentum.</p>
 <p class="paragraph">Interestingly, CharGPT’s predictions align relatively closely with those made by another major AI platform – Google Bard – approximately two weeks earlier. Google’s (NASDAQ: GOOGL) large language model (LLM) at the time stated that Avalanche is likely to stand no higher than $63.38 on January 1, 2024.</p>
 <p class="paragraph">The AI also warned that there is always the danger of adverse developments – regulatory, technological, or market-driven – and that these could take AVAX as low as $30 before the year is out.&nbsp;</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/6pDPh6hnOj3kIS-TzeXNA2RZ57mNOf-qWtUeczmjK7txPsLttOgL1TNzKVDBYBcx2sJcBV-6ul1vxnAolcE5tuqx98g495do-DOvuTl1Cgd9MhYuDpSaK1NPSLGnwqCk8KUoIJsb3-_sukRbuBzcFBQ" alt>
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   ChatGPT explains the bullish and bearish scenario for AVAX. Source: Finbold and ChatGPT
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 <h2 class="wp-block-heading" id="h-avax-price-analysis">AVAX price analysis</h2>
 <p class="paragraph">AVAX’s recent <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> movements serve well to showcase the cryptocurrency’s overall volatility, as well as its recent dramatic bull run. In the last 24 hours, Avalanche declined 3.80% to the <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of $44.42 by the time of publication.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/noIxj5IsdaX8t5mJB5BVjvzMiWjjFkdmCcjQ_a5KIPguXNI-iJlz3wzbCiVU-Oqa6Ir-t2aJZyeZBGpSGKrOH7a1zwNppjHZ7_CrUkx_SSSBhIFP6Wr8nViF_Y2G3moAtdK5DZfAR5cBQGSJkCaCrNE" alt>
  <figcaption class="wp-element-caption">
   AVAX 1-day price chart. Source: Finbold
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 <p class="paragraph">On the other hand, looking at the previous 30 days, AVAX decisively continued its Q4 rally and is up 116.14%. Finally, looking at the entire previous year, Avalanche rose significantly from its <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> during the “crypto winter” and is overall nearly 280% in the green.</p>
 <p class="paragraph"><strong><em>Disclaimer</em></strong><em>: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/chatgpt-predicts-avalanche-price-for-the-start-of-2024-tbt74909.html">https://thebittimes.com/chatgpt-predicts-avalanche-price-for-the-start-of-2024-tbt74909.html</a></p>

ChatGPT predicts Avalanche price for the start of 2024

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