Bard, Google’s artificial intelligence chatbot, predicts that by the summer of 2024, crypto giants like BTC and ETH will be multiplied. Keeping in mind that estimates are not precise, let’s take a look at a selection of forecasting tools Bard has listed.
Google Bard predicted BTC and ETH prices for summer 2024
Google-backed artificial intelligence chatbot Bard says that Ethereum will reach $2,458.15 in June 2024 and $2,519.15 in July 2024. Its predictions are based on a number of leading price prediction lengths of the market. These include followed analytics platforms such as AmbCrypto.
Bard, specifically by AmbCrypto, listed some more bullish predictions that the ETH price could reach $2,630.22 in June 2024 and $2,695.49 in July 2024, based on the assumption that “Ethereum will be the dominant platform for dApps:
If DigitalCoinPrice and Gov Capital’s predictions come true, the ATH price will likely exceed $5. ETH is currently trading at $1,876.75, up 1.5% on the day. Forecasts suggest it will rise above 3x by the summer of 2024.
On the BTC side, the halving factor, which will coincide with April 2024, raises the bar. Bard gave a detailed response, emphasizing that “there are a number of factors that indicate that price may reach new highs.” Halving, global acceptance and regulatory environment are among the main developments that will affect the BTC price.
What levels do experts expect in BTC price?
Google Bard emphasized the importance of 3 factors that will shape the Bitcoin price. In terms of specific numbers, the AI has listed Bitcoin price predictions from several different sources, including crypto analyst PlanB’s stock-to-flow (S2F) model, which has set the BTC price at $100,000 by 2024.
Also, the second forecast by Standard Chartered predicts that Bitcoin will reach $120,000 by 2024. Additionally, ZebPay, India’s oldest cryptocurrency exchange, has set the BTC price at $40,000 by 2024. For this reason, let’s also mention that there are experts who keep the bar low.
Kava (KAVA) and Phantom (FTM)
Kava (KAVA), a DeFi platform based on the Cosmos SDK, provides cross-chain services such as loans and interest-bearing accounts. In terms of price, it has experienced a significant price drop recently. It fell 91% from its ATH level of $9.19 in 2021 to its current price of $0.90.
Technically, Kava has been struggling to break the $1.10-1.50 resistance zone since November 2022. Artificial intelligence predicts that it will likely break this level in the coming years.
As we reported as Kriptokoin.com, Fantom (FTM) was caught in the middle of last week’s Multichain hacking event. According to reports, hackers have seized around $126 million in various altcoins and stablecoins. The impact of the event was also reflected in the price of FTM, which fell from $0.3186 to just under $0.27 in just two days.
Analysts state that the $0.20 level should hold steady otherwise Phantom (FTM) will likely fall to new lows not seen in several years. It’s really time for the Phantom to make it or break it.
What does Bard expect in the meme token market?
Artificial intelligence mentioned that the meme token market could outperform in 2023. Dogecoin (DOGE) was Bard’s first choice. He said that the feature that keeps Dogecoin afloat is the support of celebrities such as Elon Musk. DOGE price is currently pricing in the news around Musk’s new super app X-App. It led the altcoin market in terms of earnings this week.
Finally, Bard featured Dogecoin’s lesser competitors Shiba Inu (SHIB) and Pepe (PEPE). He stated that Shiba also received the support of famous names like Dogecoin. The artificial intelligence SHIB specifically details its choice as follows:
The Shiba Inu is relatively inexpensive to buy and trade, making it a good option for investors looking for a low-cost meme token. According to experts, the popularity of the Shiba Inu has the potential to continue to rise in 2023.
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