Cardano’s native token, ADA, has been termed the best-performing token in 2024. ADA has soared by 70% since January 01, 2023. It is currently exchanging hands at $0.3833, and experts believe that the digital token, or the cryptocurrency, has the potential to keep up its momentum in the next 2 years. These are estimates and predictions subjected to crypto volatility.
One of the key factors experts have considered in their prediction is the AI exploration by a Cardano-based project – Girolamo. It has been launched in the beta version to test the capabilities of Artificial Intelligence within blockchain frameworks. It is an AI-powered chatbot that officially marks a step toward leveraging AI’s potential in the blockchain sphere.
It is safe to state that CardanoGPT will only look to accelerate its efforts as the beta version of Girolamo moves forward or as users keep sending their feedback. The objective is to make blockchain-based applications more multifunctional and interactive. Thereby elevating the experience of the end-user.
AI-related technology has gained recognition since Microsoft announced working on AI applications specifically for enterprises. Microsoft will work to help them build solutions so that enterprises can organize their database into a set of knowledge bases that is more efficient for finding keynotes.
Also, the recent movement in OpenAI by Sam Altman has brought people in large numbers to read and know more about what the venture is doing, along with its implications on a larger level.
Simply put, generic users are beginning to know about AI, keeping track of its development, and how its deployment in enterprises can help them use technology better. As for experts predicting the rise of ADA, Dan Gambardello has stated that ADA could touch $11 after the BTC halving process next year.
The Founder of Crypto Capital Venture has also said that its Market Capitalization could explode to $400 Billion. ADA crypto price prediction, as of now, has sorted the token to just above $1 by the end of 2025. Dan’s prediction is indeed aggressive to reflect how quickly the potential of Cardano and its token can change if they embrace AI in its best form.
ADA’s Market Cap at the time of writing this article is $13,512,570,529, a drop of 3.11%. The 24-hour volume, however, has jumped by 18.77% to touch the milestone of $249,015,938.
Cardano’s ADA is not hanging by a thread, evident based on the development and predictions. While one can argue how well ADA will rise in the coming days, it is safe to assume that Cardano will experience a bullish run in the next 2 years, provided volatility does not spoil the environment and the portfolio.