ChatGPT, an artificial intelligence language model-based chatbot, shared a price prediction of top crypto coins Cardano (ADA) and BorroeFinance ($ROE). This forecast will help to determine the potential levels to expect these crypto assets.
Which of these top altcoins is worth investing in based on ChatGPT’s prediction? Let’s find out.
ChatGPT Says Cardano Can Reach $1.00
On November 8, the prominent generative AI language model ChatGPT offered its perspective on the future price levels of Cardano (ADA). The AI tool gave an extensive projection of ADA, focusing on the 2024 bull market. It noted that ADA is now recovering from months of sustained decline, which could signal the start of a parabolic surge.
ChatGPT also called attention to increased activity on the Cardano network, spurred by favorable shifts in staking dynamics. Notably, October witnessed a substantial surge in staking activities on the Cardano network. The overall ADA coins stake peaked at a 90-day high of $23.05 billion on October 23.
Considering ADA’s trading price at approximately $0.27, the total value of the stake reached $6.20 billion. StakeRewards.com, a platform aggregating staking data, indicates a cumulative staking of 22.94 billion ADA coins across diverse staking protocols in November.
At present market values, the collective ADA staked within smart contracts amounts to $8.90 billion, constituting approximately 65.02% of the total coins in circulation.
Given the optimistic perspective, there are indications that Cardano is poised to draw heightened staking engagement in the upcoming weeks. This action could affect the price of ADA positively.
The chart shows that Cardano (ADA) rose 27.41% between November 1 and November 21, rising from $0.29 to $0.37.
Combining several factors, ChatGPT suggested that the Cardano coin is poised for significant gains, which will manifest fully in 2024. The AI expects ADA to hit $1.00 after the bull market kicks in. This surge represents a potential 170.27% growth in the Cardano coin.
BorroeFinance Price Prediction
The artificial intelligence technology also provided insight into the potential price levels of $ROE, the native token of BorroeFinance.
On its own, BorroeFinance is projected to register significant price growth while in its presale stage. ChatGPT, however, shared a price forecast for $ROE after its debut on centralized and decentralized exchanges.
But first, what is BorroeFinance?
BorroeFinance is a platform designed for Web3 content creators to exchange future earnings, such as royalties, invoices, and subscriptions, for immediate cash.
Owners convert these items into non-fungible tokens and offer them for sale on the BorroeFinance marketplace at discounted rates. To instill confidence in buyers, BorroeFinance incorporates an automated repayment system.
Web3 Financing For All
The platform aligns with the principles of Web3, emphasizing user empowerment and ownership and providing a channel for Web3 contributors to reap rewards from their contributions.
Furthermore, $ROE allows investors to optimize returns from their vesting, positioning itself as one of the best cryptocurrency investments in the digital landscape.
Presently, BorroeFinance is in the second stage of its presale, where $ROE is selling for $0.015, having risen 50% from $0.01. According to its presale projection, $ROE is primed for a 166.66% increase to its final presale price of $0.04.
However, ChatGPT has a much-pronounced projection for $ROE as the bull market approaches. ChatGPT expects $ROE to hit $0.10 in 2024, representing another 150% increase in the DeFi coin price.
Learn more about BorroeFinance ($ROE) here:
*This article was paid for Cryptonomist did not write the article or test the platform.