Gemini

Cardano

2024

<div class="finbold">
 <p class="paragraph">Decentralized finance (DeFi) project Cardano (ADA) has seen an uptick in whale activity that has surged at least tenfold. Indeed, the increase in whale activity can potentially influence ADA’s <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> trajectory.</p>
 <p class="paragraph">In this context, ChatGPT-4o, OpenAI’s advanced and recent artificial intelligence (AI) chatbot model, has offered insights into how ADA is likely to trade by the end of 2024. The chatbot is more accurate, faster, and cost-effective than other models.</p>
 <p class="paragraph">The tool provided both conservative and optimistic <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> estimates. ChatGPT-4o suggested that if the general crypto market experiences steady but moderate growth, the ADA <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> could range between $1 and $2 by the end of 2024.</p>
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    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
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 <p class="paragraph">On the other hand, the AI platform offered a more optimistic scenario in which, if positive trends and significant developments occur, ADA could potentially climb higher, reaching between $2 and $5. Indeed, if ADA hits $5, the <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> movement will represent an increase of over 1,000% from the current valuation.&nbsp;</p>
 <figure class="wp-block-image aligncenter size-full"><img decoding="async" width="958" height="62" src="https://cdn.thebittimes.com/images/2024/05/19/f99d3fb4e677ab8a0bbda988ce0dd740.webp" alt class="wp-image-176860" srcset="https://cdn.thebittimes.com/images/2024/05/19/f99d3fb4e677ab8a0bbda988ce0dd740.webp 958w, https://cdn.thebittimes.com/images/2024/05/19/f99d3fb4e677ab8a0bbda988ce0dd740.webp 300w, https://cdn.thebittimes.com/images/2024/05/19/f99d3fb4e677ab8a0bbda988ce0dd740.webp 768w" sizes="(max-width: 958px) 100vw, 958px">
  <figcaption class="wp-element-caption"><em>ADA price prediction for the end of 2024. Source: ChatGPT-4o</em>
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="h-factors-influencing-ada-s-price-nbsp">Factors influencing ADA’s price&nbsp;</h2>
 <p class="paragraph">ChatGPT-4o also highlighted several factors likely to impact ADA’s price. The tool acknowledged that increased holdings by whales suggest strong confidence in ADA. This scenario potentially indicates a bullish outlook due to higher demand from large investors.</p>
 <p class="paragraph">At the same time, positive developments, such as institutional adoptions or technological advancements within Cardano, could drive <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a>s higher, while negative news could have the opposite effect.</p>
 <p class="paragraph">According to the tool, continued network development, enhanced smart contract capabilities, and achieving key milestones will likely positively influence ADA’s value. Notably, recent data from Cardano developer IOHK, released on May 17, reveals ongoing growth in several metrics. The number of smart contracts on the network has reached 46,060, with 171 projects launched.</p>
 <figure class="wp-block-image aligncenter size-large"><img decoding="async" width="1024" height="576" src="https://cdn.thebittimes.com/images/2024/05/19/598c4b354752d562f9d2aa3a60669e63.webp" alt class="wp-image-176861" srcset="https://cdn.thebittimes.com/images/2024/05/19/598c4b354752d562f9d2aa3a60669e63.webp 1024w, https://cdn.thebittimes.com/images/2024/05/19/598c4b354752d562f9d2aa3a60669e63.webp 300w, https://cdn.thebittimes.com/images/2024/05/19/598c4b354752d562f9d2aa3a60669e63.webp 768w, https://cdn.thebittimes.com/images/2024/05/19/598c4b354752d562f9d2aa3a60669e63.webp 1536w, https://cdn.thebittimes.com/images/2024/05/19/598c4b354752d562f9d2aa3a60669e63.webp 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption"><em>Cardano network statistics. Source: IOHK</em>
  </figcaption>
 </figure>
 <p class="paragraph">The AI model also noted that ADA investors should be on the lookout for regulatory changes, broader economic conditions, such as global stability, interest rates, and market liquidity.</p>
 <h2 class="wp-block-heading" id="h-ada-price-analysis-nbsp">ADA price analysis&nbsp;</h2>
 <p class="paragraph">Currently, ADA continues to trade below the $0.50 resistance zone, and reaching the $1 level would be significant for the asset’s growth. Notably, whales have aggressively accumulated ADA tokens at this level.&nbsp;</p>
 <p class="paragraph">Beyond the factors highlighted by the AI tool, Cardano will likely benefit from increased exposure. For instance, reports suggest that crypto exchange Gemini might be planning to list ADA.</p>
 <p class="paragraph">At the time of reporting, ADA was trading at $0.47, having faced a short-term correction of 1.51% in 24 hours. However, the token remains bullish on the weekly timeframe, having rallied over 6%.</p>
 <figure class="wp-block-image aligncenter size-full"><img loading="lazy" decoding="async" width="675" height="550" src="https://cdn.thebittimes.com/images/2024/05/19/07e9298618040ad23a1ab3baa4e78562.webp" alt class="wp-image-176862" srcset="https://cdn.thebittimes.com/images/2024/05/19/07e9298618040ad23a1ab3baa4e78562.webp 675w, https://cdn.thebittimes.com/images/2024/05/19/07e9298618040ad23a1ab3baa4e78562.webp 300w" sizes="(max-width: 675px) 100vw, 675px">
  <figcaption class="wp-element-caption"><em>ADA seven-day price chart. Source: Finbold</em>
  </figcaption>
 </figure>
 <p class="paragraph">Overall, ADA bulls have significant work ahead to move the token away from the consolidation below $1.&nbsp;</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><strong><em>&nbsp;</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>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/we-asked-chatgpt-4o-what-will-be-cardano-price-at-the-end-of-2024-here-s-what-it-said-tbt88871.html">https://thebittimes.com/we-asked-chatgpt-4o-what-will-be-cardano-price-at-the-end-of-2024-here-s-what-it-said-tbt88871.html</a></p>

We asked ChatGPT-4o what will be Cardano price at the end of 2024; Here’s what it said

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