With the renewed interest in artificial intelligence (AI) sparked by the release of the text-based AI platform ChatGPT, the tool has proven exceptionally useful in multiple areas, including providing insights into the future price trends of assets on the cryptocurrency market, such as that of Ethereum (ETH).
After dutifully reminding the reader that “investing in cryptocurrencies is risky” and that the actual price of Ethereum may be higher or lower than the estimates, ChatGPT has provided “some information on the possible Ethereum price range by 2025, based on ecosystem developments and upgrades, related news, community support, user base, and other factors.”
Is $10,400 possible?
As some of the factors that could impact crypto asset’s price by 2025, ChatGPT singled out the “ongoing development and improvement of the Ethereum ecosystem, including upgrades to the Ethereum 2.0 protocol,” and “the growth of decentralized finance (DeFi) applications.”
On top of that, the AI tool pointed out the “adoption by major companies or financial institutions, or partnerships with other blockchain projects” as well as “the number of customers and developers building on the Ethereum blockchain” as further positive factors potentially driving its price up. Finally, as it explained:
Other not-so-bullish predictions
At the same time, CoinPriceForecast is a lot less bullish on the price of Ethereum in 2025, predicting a price of $2,685 at the end of 2024, followed by $2,825 by mid-2025 and ending the year 2025 with $2,446, according to the most recent data retrieved by Finbold.
Interestingly, the price prediction model over at PandaForecast trends more to the bearish side, targeting $2,045 in January 2025, $1,319 in June, and $1,752 in December 2025, with even its optimistic range seeing $2,224 at the year’s beginning and $2,084 at its conclusion.
Ethereum price analysis
Meanwhile, Ethereum was at press time trading at the price of $1,901, which represents a very modest increase of 0.03% on the day, as well as a drop of 0.49% in the last seven days but still a 1.59% gain on its monthly chart, according to the data retrieved on May 5.
Whether the ChatGPT’s very optimistic prediction has a chance of coming true will largely depend on future positive sentiment and developments directly connected to the Ethereum network, as well as the overall attitude on the wider crypto and macro landscapes.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.