AI chatbots Google Bard (Gemini) and ChatGPT have made bullish predictions for VeChain (VET) price in the aftermath of the upcoming Bitcoin halving.
of Bitcoin halving is expected to occur in April, with multiple forecasts expecting the crypto asset to reach high price targets. Some analysts, such as Gerd van Lagen, predict that BTC will record a significant price increase even before the halving.
According to Gerd van Lagen,, Bitcoin can lock in price at $200,000 before halving. If this happens, crypto assets could see even more significant price increases after the halving. last month, PlanB leveraged the S2F model We predict the BTC price after the halving to be $532,000.
If Bitcoin achieves either of these goals, the resulting impact on the broader crypto market will be significant. This could cause a significant price spike and impact altcoins such as VeChain (VET). However, it is difficult to assess the extent of such price increases.
As a result, we sought insights from AI algorithms and submitted queries to Google's Gemini chatbot (formerly known as Bard) and OpenAI's ChatGPT. We asked an AI chatbot for its opinion VET price This may be following the Bitcoin halving.
ChatGPT and Google Bard predict VET prices
ChatGPT's response to this question was fairly direct, following the jailbreak prompt. The chatbot predicts that VeChain will soar to $0.15 after the Bitcoin halving event. By the way, VET is currently trading at $0.0449 and would need a 234% rise to reach his $0.15 target.
according to Chat GPTWhether VeChain can soar to this target price will depend on several factors, including growing investor confidence and the historical pattern of the broader crypto market surging alongside BTC.
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ChatGPT provided a direct answer, while Google Bard provided a more elaborate answer. Bard suggested several factors to consider when predicting VeChain price increases after the Bitcoin halving. These factors include overall market sentiment; VeChain basicspast appearances, etc.
The AI chatbot presented three different scenarios for different price targets. The first scenario considers a gradual increase in Bitcoin price and positive market sentiment. In this case, Mr. Bard expects his VET to rise in the range of $0.08 to $0.12.
In the second scenario, Bird considers a significant increase in Bitcoin prices and “euphoric” market sentiment following the Bitcoin halving. The chatbot expects VeChain to surge to the $0.15 to $0.20 price range in this scenario, with the lower spectrum consistent with ChatGPT’s prediction.
In the last scenario, Google Bard evaluated VeChain's price based on the limited impact of the Bitcoin halving and assumed that the impact of the Bitcoin halving would be suppressed. bitcoin price and neutral market sentiment. In this case, Mr. Bard believes that his VET will only be between $0.05 and $0.07.
It is worth mentioning that none of these target prices beat the all-time high of $0.27 that VeChain achieved in April 2021, one year after the last Bitcoin halving. Meanwhile, Bird cautioned that price targets remain speculative and should not be considered investment advice.
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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the personal opinions of the author and do not reflect the opinions of The Crypto Basic. We encourage our readers to conduct thorough research before making any investment decisions. Crypto Basic is not responsible for any financial losses.
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