Cardano

Entropy

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 <p class="paragraph">The approval of spot Bitcoin (BTC) exchange-traded funds (ETFs) in January and – possibly even more, given it came sooner than many expected – the approval of Ethereum (ETH) ETFs in May both caused much excitement in the crypto market.&nbsp;</p>
 <p class="paragraph">Indeed, the January approvals – after some initial staggering – <a rel="noopener noreferrer nofollow" title="proved" href="https://thebittimes.com/tag/proved.html">proved</a> a catalyst that helped drive many cryptocurrencies near to or even above their previous all-time highs (ATH), and while the May decision has so far had a limited impact, it is likely the recent movements are just the beginning.&nbsp;</p>
 <p class="paragraph">Another effect of the SEC’s decisions has been the ignition of a lively discussion on which cryptocurrency will receive the next approved exchange-traded funds, with many concluding Solana (SOL) and XRP are particularly strong candidates and JPMorgan (NYSE: JPM) signaling that there is no strong candidate left in 2024.</p>
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 <h2 class="wp-block-heading" id="h-chatgpt-explains-the-likely-candidates-for-the-next-crypto-etf">ChatGPT explains the likely candidates for the next crypto ETF</h2>
 <p class="paragraph">In its search for a likely upcoming crypto ETF, Finbold consulted the most advanced model of OpenAI’s flagship artificial intelligence (AI) platform – ChatGPT-4o.</p>
 <p class="paragraph">According to the AI, there are 5 cryptocurrencies that stand out among the competition: Cardano (ADA), Solana, Ripple, Binance Coin (BNB), and Polkadot (DOT).</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/lh6tkD-4hEfrPwblXAjpiG6f5NlJf4yH8f8-tW2y1Zi10y36mTZGqOg9RE7ZoaV5uYfKH-89ZQaXfcdDx5DgA0gi8GoflDFLefZG4R0rE70iQspoAtfFp_cCEAs7T7xanqK6c9eFTmDHUOjoogad-n8" alt="">
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   ChatGPT outlines the strongest candidates for the next crypto ETF. Source: Finbold and ChatGPT
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 <p class="paragraph">When inquired about what makes ADA a strong candidate, ChatGPT singled out its technological strength, regulatory compliance, strong community, smart contract and dApp capabilities, and Cardano’s market position as the 5 main factors rendering it a strong competitor for the spot of the third crypto ETF.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/n_DMwNhCDVRyJG5sbzAJ9VoPaqQgVOy65Z8sjHZ5Lihpq8krkycuqfB2o0U0bPK4cDm4MDDpPagSDTbC0bZ2ZalrY6XeKgT-cQMl5SsjrvR-_Jl-oBM7ftVhzS5oMqECV1nfPa02MpY1lrsCyLKWABY" alt="">
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   ChatGPT explains why ADA is a strong crypto ETF candidate. Source: Finbold and ChatGPT
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 <h2 class="wp-block-heading" id="h-chatgpt-sets-a-price-target-for-ada-should-an-etf-be-approved">ChatGPT sets a price target for ADA should an ETF be approved</h2>
 <p class="paragraph">Given the strong impact of Bitcoin’s ETFs, stemming from heightened interest, the air of increased regulatory clarity, and the growing institutional adoption, Finbold also proceeded to consult ChatGPT on what bearing might an approval of a Cardano fund have on ADA.</p>
 <p class="paragraph">The AI <a rel="noopener noreferrer nofollow" title="proved" href="https://thebittimes.com/tag/proved.html">proved</a> generally bullish about the likely impact citing the common argument that are considered to have driven Bitcoin in the wake of the approval of its own funds, but also again pointed out Cardano’s continued technological advancements.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/MANvuVQY_vYP2Dgv7opytb_bqKeYI_5d1Uy-qvsWCvnJO7n8Syo1hhEK7E5pqrzsrYr1g2nG33rxBrKkviDXS4J7BQclePlid4ICVM3pRjHVaIZchBBJ_lGHLVGS8lSV4KO7WE-U-1AMSBmv6F8mbEA" alt="">
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   ChatGPT begins its assessment of an approval of ADA ETFs. Source: Finbold and ChatGPT
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 <p class="paragraph">Starting from Cardano <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> today – $0.45 – ChatGPT concluded that an ADA ETF is likely to drive the <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of the <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a> to approximately $0.5461 in the immediate aftermath and towards $0.5916 as the dust settles.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/dfAgGj1ZAUG06EhTAzAMHTQTnJjthWjBb5r6rA-r-dYVNnKU44BeajQV-GOcCp1xnLYzokxnxmO0JuTBqCq18y0gmUhVV_Hk6BBimYP3-5hzvYEy7t6Bh3RP2pmZjmkYwkLVo-EkvFlZPFMyBAapLxE" alt="">
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   ADA YTD price chart. Source: Finbold
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 <p class="paragraph">Still, it is worth noting that making a precise <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> target based on ADA’s press time value may not be useful, given that the next crypto ETF is at least months away. Therefore, the magnitude of the change might be a better gauge and ChatGPT indeed also estimated the potential upsides in percentages.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/nidOKkAyL1SFn0yNkdbqj_EkdZCwAfAsdOuhxz5CO11y-8w1ehoHaJS28FgX-kQ_hY7Hls9AeK4VaMbQBqc66k27gSmhfbzTY68yzO3_iB_1X91JSAzudWXMSLlmTt6liRL9vTO4j4bZ2MVm_I65ktc" alt="">
  <figcaption class="wp-element-caption">
   ChatGPT sets and explains ADA price target if a Cardano ETF is approved. Source: Finbold and ChatGPT
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 <p class="paragraph">According to the AI, fund approval is likely to quickly drive Cardano’s <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> up some 20%, and a total of 30% in the subsequent weeks.</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-4o-predicts-cardano-price-if-the-token-s-etf-is-approved-tbt90100.html">https://thebittimes.com/chatgpt-4o-predicts-cardano-price-if-the-token-s-etf-is-approved-tbt90100.html</a></p>

ChatGPT-4o predicts Cardano price if the token’s ETF is approved

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