Cryptocurrency prices are gradually returning to their previous values, winning back losses and rising from the deep hole of 2023. As Bitcoin (BTC) enjoys a period of explosive growth and registers a new 2023 high of around $40,000, the cryptocurrency community is beginning to show interest, with some turning to ChatGPT, an artificial intelligence (AI) tool developed by OpenAI.
ChatGPT, after analyzing the data and key factors, made a price forecast for Solana (SOL), a smart contract platform, as well as InQubeta (QUBE), a decentralized application (dapp) on Ethereum that plans to launch a crowdfunding solution for cryptocurrency AI startups.
Solana: SOL will reach $100 by the end of 2023
According to ChatGPT, Solana’s price will reach $100 by the end of 2023 and $250 by the end of 2024. This forecast is primarily due to the current performance of the smart contract platform and the project’s plans to consolidate its position by competing with Ethereum.
The AI platform points to Solana’s scalability, low fees and expanding dapps ecosystem as key price drivers in the coming months. Like Ethereum, Solana offers a platform for hosting smart contracts. However, blockchain is scalable and has lower fees. This feature differentiates it from a legacy platform that still suffers from scalability issues and increases gas costs, especially during bull cycles.
High scalability and low fees may explain the recent rally, especially in the non-fungible token (NFT) market. With SOL bulls rising in sync with Bitcoin (BTC) since the start of the second half of 2023, Solana’s trading volume continues to grow, attracting more users and capital into the ecosystem.
Moreover, Solana is developing and planning further decentralization, which makes it more reliable and stable. Jump Crypto recently released Firedancer, a validator client for Solana built from the ground up to improve scalability and security. With Firedancer, deploying validators can increase node uptime, which helps stabilize the network.
InQubeta: QUBE could reach $0.20 again by 2023
Like Solana, ChatGPT is bullish on InQubeta – a platform whose goal is to create an alternative solution for cryptocurrency AI projects to raise funds from the crypto community.
ChatGPT estimates that QUBE, InQubeta’s deflationary ERC-20 token, could reach $0.20 by the end of 2023 and $0.50 by the end of 2024. Artificial intelligence names the InQubeta team, market sentiment, technological progress and innovation as factors that could contribute to price growth.
InQubeta brings together AI, cryptocurrencies and non-fungible tokens (NFTs), allowing cryptocurrency holders to gain access to vetted AI startups. In the future, these startups will be able to mint opportunities in the form of NFTs, which can be divided into parts and listed on the InQubeta marketplace for purchase by interested users. Additionally, these tokens can be traded using QUBE as a medium of exchange.
QUBE is deflationary, meaning tokens will be phased out of circulation. At the same time, owners will be able to stake their tokens and receive rewards.
At the fifth stage of the presale held by InQubeta, QUBE can be purchased for $0.0161. The project has already raised over $4.7 million.
Although ChatGPT is positive about the prospects for QUBE, the project is still in the development stage.
As of mid-November 2023, ChatGPT’s outlook for Solana and InQubeta remains bullish. However, it should be noted that these forecasts are not always accurate due to the volatility and unpredictability of the cryptocurrency market. In addition, the cryptocurrency market may be influenced by many secondary factors, including macroeconomic risks. However, investors may want to look at these tokens for profit.
I am an experienced journalist and writer with a career in the news industry. My focus is on covering Top News stories for World Stock Market, where I provide comprehensive analysis and commentary on markets around the world. I have expertise in writing both long-form articles and shorter pieces that deliver timely, relevant updates to readers.