ChatGPT expects DOT’s price to hit $90-$110 in 2024. Its on-chart metrics suggest a bearish run in the short run.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.its latest treasury spending report this week. As per the report, its spending jumped from $13.4 million in 2022 to $21.06 million in 2023.
The crypto industry lapped up the judgement instantly, generating a price rally across tokens. But no token could sustain the price rally.continues to expand as more parachains developments come onboard. By the end of Q1 2023, over 40 parachains had won fresh auction slots on Polkadot,These new parachain developments could add upward pressure to DOT’s token value as they drive demand. Notably, a project team must win a Polkadot parachain slot auction to be connected to the core network.
For example, Coinbase recently received a Wells Notice from the SEC. One of the objects of the potential lawsuit is reportedly its crypto-staking service. For example, ChatGPT stated that DOT hit a high of $52 in December 2021. On the contrary, TradingView’s data showed it at a high of $39 on 1 December 2021.to get modest price prediction values for DOT. We had to ask the AI model to break down DOT’s historical price data in 2021 to use it for the predictions.The results noted little deviation from TradingView’s data, compared to the previous output.
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