AI predicts ADA and EGLD price amid potential Cardano-MultiversX collaboration
Cardano (ADA) and MultiversX (EGLD) communities and investors are looking forward to a potential collaboration hinted at by their leadership. On November 30, IOHK CEO Charles Hoskinson and MultiversX...
Cardano (ADA) and MultiversX (EGLD) communities and investors are looking forward to a potential collaboration hinted at by their leadership. On November 30, IOHK CEO Charles Hoskinson and MultiversX Foundation CEO Beniamin Mincu agreed upon a goodwill meeting this week.
Everything started with a casual conversation between ADA and EGLD communities regarding the ongoing dominance of centralized dollar-based stablecoins like Circle’s USDC, Tether’s USDT, and Ripple Lab’s RLUSD, looking for sound alternatives.
During the talk, Cüneyt Denizli, DBCrypto, and Angry Crypto Show discussed a Cardano-MultiversX ecosystem collaboration, referencing decentralized stablecoin alternatives. Denizli summoned Hoskinson for the talk, asking if IOHK is in contact with MultiverseX, which received a positive answer.
Picks for you
I am in contact with them. My old friend and former colleague Adam Bates is their CMO
— Charles Hoskinson (@IOHK_Charles) November 30, 2024
One hour later, Charles Hoskinson tagged Beniamin Mincu on X, suggesting they could “have a call sometime.” Mincu responded he will be in the United States “next week” and is “happy to meet and chat” with Hoskinson.
Cardano (ADA) and MultiversX (EGLD) price analysis
As of this writing, ADA is trading at $1.07 and EGLD at $44.53, up 199% and 86.7% in the last 30 days, respectively. This is a 23% surge since Finbold featured EGLD as an opportunity for investors who missed the XRP and ADA rally.
At these prices, Cardano has a market cap 31 times higher than MultiversX. The former currently has a $38 billion capitalization, and the latter $1.2 billion.
ADA (left) and EGLD (right) 30-day price charts. Source: Finbold
xAI’s Grok 2 predicts ADA and EGLD price eyeing a Cardano-MultiversX collab
In this context, Finbold turned to xAI’s Grok 2, looking for insights on ADA and EGLD price predictions for 2025’s upcoming “mother of all bull markets” or “the biggest crypto bull run ever,” according to analysts, who believe “utility altcoins” are the “easiest and surest” investment play this cycle.
Grok has itself made headlines by challenging Google’s and other artificial intelligence (AI) models’ dominance. The xAI stands out from its competitors by being able to scan the web and X in real time for up-to-date data.
ADA and EGLD: Grok AI’s price prediction for 2025
Overall, Grok believes that a collaboration between Cardano and MultiversX will mutually benefit both ecosystems. Cardano could benefit from new functionalities and interoperability, while MultiversX could benefit from a boost in visibility and utility.
Therefore, the AI predicts ADA could range between $2.55 and $3.38 by the end of 2025. In the meantime, EGLD is forecasted to trade at a minimum of $60 and a maximum of $72.71.
Nevertheless, the price predictions are speculative and based on current trends, proposed collaborations, and up-to-date expert analyses. Numerous factors, including market conditions, regulatory news, technological developments, and broader economic factors, could influence the actual price.
Featured image from Shutterstock.
Cardano Catalyst Project - Discover and Vote for our proposals in Fund 13 by December 12, 2024 11:00 UTC
If you are you using your ADA to vote in Cardano’s Project Catalyst don’t forget to voice your vote. We would be excited if you can see, comment, share and vote for us. Cast your vote today, find our proposals by searching "CardanoFeed" in the Voting App.Vote for Us
