ChatGPT, an artificial intelligence (AI) text-based platform is gaining popularity and has predicted the future price of cryptocurrency after being asked by experts at Finbold Ethereum (ETH). Analysts of the platform asked a question in which they asked the "machine" to predict a possible price range Etherea by 2030. This technology enabled forecasting based on historical data on price developments and current market conditions.
ChatGPT recognizes that it is difficult to accurately predict future value ETH. Ethereum is a very volatile asset and its price is affected by many factors such as market sentiment, adoption, network activity and development. Nevertheless, the platform provided a prediction that the price of this virtual currency could range from $5000 to $20.
In addition, ChatGPT emphasized: “Many experts believe that the price Ethereum will continue to grow in the long term due to several factors”, such as the increasing adoption of decentralized applications (dApps) built on the network, as well as the expansion of the entire DeFi ecosystem.
The chatbot also mentioned “the potential of the network to develop and increase efficiency with upcoming updates such as Ethereum 2.0”. Thanks to various basic indicators, the AI managed to derive a specific range.
“Based on various price forecasts and analysis, some experts state that the price Etherea could reach at least $2030 in 5. According to artificial intelligence, it is unlikely that the price Etherea will exceed $20 in the next 000 years. However, much will depend on the speed of implementation and technical development. ChatGPT emphasized that these predictions are highly speculative and may change depending on future circumstances.”
