Crypto prices are recovering, reversing losses, and rising from the pits of 2023. As Bitcoin (BTC) blooms, registering new 2023 highs at close to $40,000, the crypto community is curious, with some turning to ChatGPT, the artificial intelligence (AI) tool developed by OpenAI.
ChatGPT, after analyzing data and breaking down recent fundamental factors, has made price predictions for Solana (SOL), a smart contract platform, and InQubeta (QUBE), a decentralized application (dApp) on Ethereum that plans to launch a solution where crypto AI startups can crowdfund.
This article looks at ChatGPT’s prediction and potential factors that may have driven the AI tool to come to such a conclusion.
Solana: SOL To Reach $100 by Close of 2023
The following content does not constitute the opinion of BeInCrypto and should not be construed as financial advice
ChatGPT predicts Solana prices to reach $100 by the close of 2023 and $250 by the close of 2024. This outlook is primarily because of the current performance of the smart contract platform and the project’s plans to cement its position, competing with Ethereum.
The AI platform cites Solana’s scalability, low fees, and the expanding ecosystem of dApps as drivers of price in the coming months. Like Ethereum (ETH), Solana offers a platform for deploying smart contracts. However, the blockchain is scalable and has lower fees. This feature distinguishes it from the legacy platform, which still struggles with scaling problems and pushes gas fees higher, especially in bullish cycles.
The high scalability and low fees may explain the recent revival, especially in the non-fungible token (NFT) scene. Buoyed by SOL bulls, rising in sync with Bitcoin (BTC) from early H2 2023, trading volume continues to expand in Solana, driving more users and capital to its ecosystem.
Moreover, Solana is building and plans to further decentralize, making it more reliable and robust. Jump Crypto recently released the Firedancer, a validator client for Solana, which is built from the ground up and meant to be more scalable and secure. Through Firedancer, deploying validators can increase the uptime of their nodes, helping the network stabilize.
InQubeta: QUBE Might Retest $0.20 by 2023
Like Solana, ChatGPT maintains a bullish outlook on InQubeta, the platform aiming to create an alternative solution for crypto AI projects to raise funds from the crypto community.
In ChatGPT’s estimation, QUBE, the deflationary ERC-20 coin of InQubeta, can reach $0.20 by the end of 2023 and $0.50 by the end of 2024. The AI tool points to InQubeta’s team, market sentiment, technological advancement, and innovation as factors that may drive prices.
InQubeta leverages AI, crypto, and non-fungible tokens (NFTs), allowing crypto holders to gain exposure to vetted AI startups. These startups then mint opportunities as NFTs, which can be fractionalized and listed on the InQubeta marketplace for interested users to purchase. Additionally, these tokens can be traded using QUBE as the medium of exchange.
QUBE is deflationary, meaning tokens will be gradually removed from circulation. At the same time, holders can stake the token and receive rewards.
In stage five of the ongoing InQubeta presale, QUBE is available for $0.0161. The project has raised over $4.7 million.
While ChatGPT is bullish on QUBE’s prospects, the project is still being developed.
Conclusion
As of mid-November 2023, ChatGPT’s prediction for Solana and InQubeta remains bullish. However, it should be noted that these forecasts are not always accurate due to the volatile and unpredictable nature of the crypto scene. Additionally, multiple secondary factors can influence the crypto market, including market risks associated with macroeconomics. Nevertheless, investors may want to consider exploring these tokens to gain exposure.
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Disclaimer
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Source: https://beincrypto.com/chatgpt-gives-price-projections-for-solana-and-inqubeta/