Cardano (ADA) has seen a surge in price and is attempting to maintain support above $1. OpenAI's ChatGPT-4o predicts various scenarios for ADA's value at the end of 2024, with a bullish scenario suggesting a trading range of $1.25 to $1.40. Whale accumulation of ADA tokens has been observed, indicating possible short-term price increases. Additionally, a significant number of ADA holders are in profit, providing support for the cryptocurrency. The ADA community is looking forward to the impact of Cardano's 'Chang' upgrade, which enhances utility and decentralization. Technical analysis suggests a bullish trend for ADA, with potential price targets of $2.50, $3.00, and even $12 in the long term. However, attention is focused on ADA's ability to stay above the $1 support level.
- Content Editor ( finbold.com )
- 2024-12-14
ChatGPT says Cardano (ADA) price will hit this target by December 31, 2024