AI-Powered Predictions for Crypto Prices in 2024
The year 2023 has witnessed intense competition among developers and businesses in the field of Artificial Intelligence (AI). OpenAI’s ChatGPT and Google’s Bard are two examples of AI tools that have gained popularity. In this context, Finbold has been testing the capabilities of these tools to make accurate predictions about cryptocurrency prices.
It is important to note that different authors with different prompt strategies have written each crypto price prediction story. As a result, there have been divergent results even for the same cryptocurrency and AI.
ChatGPT’s and Google Bard’s Predictions for 2024
When analyzing past stories published by Finbold and comparing them with the actual prices of cryptocurrencies on December 26, some interesting insights emerge.
The predictions reveal a divergence of opinion between ChatGPT and Google Bard. For example, ChatGPT predicts that Litecoin (LTC) will have a value between $150 and $200 at the start of 2024, while Google Bard suggests a more modest range of $52.63 to $87.71.
Similarly, for Polygon (MATIC), ChatGPT predicts a slight increase from $0.95 to $1.10, whereas Google Bard does not provide any prediction. Polkadot (DOT) sees its price at $9.13, with Google Bard suggesting a possible decrease to $5.28 and $7.92.
Ethereum (ETH) is expected to experience a substantial increase according to ChatGPT, projecting a jump to $3,000 to $10,000 from its current price of $2,241.03. On the other hand, Google Bard predicts a narrower range of $2,500 to $4,500.
While Google Bard generally offers price ranges closer to the actual market values on December 26, it is important to note that without historical outcome data, it remains speculative to determine the most accurate AI for predicting future prices.
Hot Take: Evaluating AI Predictions for Crypto Prices
The use of AI in predicting cryptocurrency prices has gained significant attention. OpenAI’s ChatGPT and Google’s Bard are two examples of AI tools that have been tested for their predictive capabilities. However, when analyzing their predictions for the start of 2024, there seems to be a divergence of opinion.
ChatGPT tends to provide more optimistic predictions, while Google Bard’s forecasts are often more modest. For several cryptocurrencies, including Litecoin, Ethereum, and Cardano, Google Bard’s narrower prediction bands align closely with the actual market values on December 26.
However, it is important to note that without historical outcome data, it is difficult to determine which AI tool is the most accurate for predicting future prices. Therefore, it is crucial to approach these predictions with caution and consider multiple factors when making investment decisions in the crypto market.
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