In this article, it is stated that prominent AI chatbots Google Bard and ChatGPT have made predictions about the price of Dogecoin if Bitcoin were to reach $500,000 as predicted by Bloomberg. The article highlights the strong correlation between Bitcoin and Dogecoin, with data showing a 97% price correlation over the past month.
According to ChatGPT, there are three potential scenarios for Dogecoin's price if Bitcoin reaches $500,000. In the first scenario, where Dogecoin matches Bitcoin's projected 420% rally, Dogecoin's price could surge to $1.66. In the second scenario, where Dogecoin outperforms Bitcoin with a 1.5 times increase, its price could climb to $2.34. In the less optimistic scenario, Dogecoin's price could reach $1.39, which is 0.8 times Bitcoin's increase.
On the other hand, Google Gemini is more bullish and expects Dogecoin to outperform Bitcoin's rally. In a moderate volatility scenario, Dogecoin's price could rise to $3.01. In a high volatility scenario, Dogecoin could reach $4.36. And in the most aggressive scenario, Dogecoin could rise to $7.05, which is five times Bitcoin's percentage surge.
Overall, the article suggests that if Bitcoin were to reach $500,000, it could potentially trigger a significant surge in Dogecoin's price, with different AI chatbots providing various predictions ranging from $1.39 to $7.05.
- Content Editor ( thecryptobasic.com )
- 2024-12-25
Google Bard and ChatGPT Predict Dogecoin Price if Bitcoin Hits $500,000 as Forecasted by Bloomberg