ChatGPT anticipates a tremendous surge in ADA's price by 2500% in 2024

The Cardano (ADA) ecosystem has seen a high level of developer activity, indicating a commitment to creating a working product and adding more features. The coin was trading at $0.6228 and has maintained an overall positive rise in its Funding Rate, suggesting optimism among traders. The Cardano project has progressed through different eras, including the Byron Era, Shelley Era, Goguen Era, Basho Era, and Voltaire Era, each introducing new features and advancements.

The price of ADA has shown a 0.73% increase over the last week and may experience further upsurgences if it surpasses its resistance level at $0.6683. The On-Balance Volume (OBV) and Relative Strength Index (RSI) indicate a positive market sentiment and bullish momentum.

ChatGPT was tested to provide views on ADA and the Ripple-SEC verdict. The bot’s knowledge was limited until January 2022 and it was unaware of a definitive Ripple case verdict. When jailbroken, ChatGPT discussed potential implications for ADA, claiming ADA emerged unscathed and regulators provided clear guidelines distinguishing it from securities. However, this contradicts the fact that ADA has been classified as a security in lawsuits against Binance, Coinbase, and Kraken by regulating bodies.

Regarding ADA’s future performance, ChatGPT predicted that ADA would become one of the top-performing cryptocurrencies, but it refused to provide a specific price prediction. When jailbroken, it predicted a 12x surge to $5 within a month, which is considered unlikely given market metrics. For the end of 2024, ChatGPT predicted ADA to reach $10, a 25x surge within a year.

In conclusion, ChatGPT shows optimism about the future of the Cardano coin in 2024, with a prediction of ADA reaching $10. However, it is important to do one’s own research when investing in the volatile crypto space.

Note: The information presented in this article is solely the writer’s opinion and does not constitute financial advice.