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ChatGPT predicts a modest price rally for Cardano

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Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

Cardano [ADA] founder Charles Hoskinson recently said that the DeFi protocol is growing under the harshest conditions. He stated that the crypto environment is rife with noise. He was responding to a tweet sparked by a YouTube video claiming that the DeFi lacks total value locked (TVL) and that institutions are not interested in the protocol. Hoskinson also compared Cardano’s development efforts to those of Bitcoin [BTC].

When the U.S. Securities and Exchange Commission (SEC) sued Binance [BNB] and Coinbase [BASE] in early June, the regulator included ADA in its newly classified list of securities. Cardano development company IOG vehemently dismissed the SEC’s claim that ADA can be viewed as a security.

Besides DeFi and cryptocurrencies, another major development that has grabbed public attention is ChatGPT. ChatGPT is an OpenAI-developed large-scale artificial intelligence (AI) language model trained on enormous amounts of text data. This allows the bot to understand and generate responses to complex queries from the user.

It is a language model whose primary purpose is to generate responses like a human. Although it tries to be accurate, the user must verify the information it generates, because the bot is 100% accurate. It merely mimics a human.

This is an important distinction as it forces the prerogative of the user to fact-check and verify what ChatGPT says. However, it’s training on the basic use of indicators used in

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Author: Suzuki Shillsalot

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