Crypto is dynamic, with new projects launching daily and existing ones continuously gaining traction.
CoinMarketCap data reveals that there are over 20,000 unique projects, with new ones continually launching on multiple blockchains across the globe. However, while there are numerous coins to choose from, XRP, the coin powering the XRP Ledger (XRPL), and InQubeta (QUBE) are in focus.
Though there have been hard questions about whether AI-powered chatbots like ChatGPT can accurately value crypto assets by parsing and analyzing large datasets, analysts asked the algorithm about XRP and QUBE price outlooks and their growth potential going forward.
The results were interesting:
ChatGPT Reviews XRP and Its Growth Potential
After going through relevant data, the chatbot by OpenAI and Microsoft is “cautiously optimistic” noting that XRP could grow in the days ahead, floating upwards as crypto finds tailwinds.
XRP rose to as high as $3.20 in the past cycle before contracting. The downtrend was primarily because of the crypto winter of 2022 and the Securities and Exchange Commission (SEC) suing some of Ripple’s top executives, including Brad Garlinghouse.
As a result, XRP’s liquidity fell. Still, the coin managed to maintain its position in the top 10 by market cap despite being delisted in multiple exchanges in the United States.
However, with a Judge ruling favorably in July, XRP is now on an uptrend, rising higher. Even though $1 remains a critical resistance level that must be broken, increasing adoption of Ripple’s solutions, including the on-demand liquidity (ODL), could support prices in the future. If Ripple finds more partners who integrate the ODL, XRP might rally above $1 and even reach $3.2 in the coming months.
While there are upsides, there are notable downsides that XRP investors should factor in. Though there is regulatory clarity on the coin, it remains to be seen whether XRPL, the native blockchain of XRP, would maintain decisive advantages over emerging blockchains competing with legacy designs. Options like Stellar (XLM) might slow down adoption.
ChatGPT Analyzes InQubeta’s Chances
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Author: BeInCrypto Team
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