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Cardano Ecosystem

TheCryptoBasic

01/31/2024

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Projected Timeline for Cardano to Retest $3.10 Revealed

Cardano (ADA) is one of the top digital currencies of interest in Web3, and here are ChatGPT and Google Bard’s projections for it to return to its All-Time High (ATH) price. In its prime, Cardano hit an ATH...

Projected Timeline for Cardano to Retest $3.10 Revealed

Cardano (ADA) is one of the top digital currencies of interest in Web3, and here are ChatGPT and Google Bard’s projections for it to return to its All-Time High (ATH) price.

In its prime, Cardano hit an ATH of $3.10 on September 2, 2021, but has dropped drastically as market sentiment has forced the price to lower over the years.

From the time it recorded the ATH to date, the blockchain has grown remarkably in adoption. Several products and innovations have emerged that have boosted Cardano’s attractiveness overall.

With this, the underlying ADA has fared badly in terms of recouping its lost valuation. The Crypto Basic hence consulted with ChatGPT and Google Bard to know the timeline to watch out for ADA to retest its ATH.

Google Bard and ChatGPT Cardano ATH Timeline Projection

According to ChatGPT, Cardano has the tendency to retest its ATH within the next 6 to 12 months, provided some conditions are fulfilled.

Some of these conditions include the technological upgrades or advancement of the network and any major catalysts that might trigger a major price reversal.

ChatGPT on ADA ATH
ChatGPT on Potential Timeline for ADA to Retest ATH

Meanwhile, Google Bard took a different stance from the ChatGPT projection, noting that achieving the ATH in 2024 appears unrealistic under current market conditions.

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However, the Chatbot noted the possibility of Cardano retesting the ATH in 2025 and beyond as its aggregated sourced projected growth to a double-digit level.

Both artificial intelligence applications underscored the importance of growing development activities to bring about the desired price growth.

Fortunately, through Input Output Global, Cardano has been optimal over the past 12 months, during which Hydra, Mithril, and Midnight Protocols were launched.

Cardano Current Price Outlook

Cardano remains one of the most capitalized cryptocurrencies, with its price and market capitalization down by 3.60% in the past 24 hours to $0.5102 and $18,071,984,487, respectively. The coin’s trading volume is up 16.94% to $440,081,188.

The journey to retesting ATH is a long one, but with the numerous applications and growing adoption level, this move appears inevitable in the long term.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


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