Google Bard and ChatGPT, two AI chatbots, have made optimistic predictions about the price of VeChain (VET) following the upcoming Bitcoin halving. This event is anticipated to happen in April, with many forecasts suggesting that Bitcoin could reach high price levels.
Analysts such as Gert van Lagen also predict significant price increases for Bitcoin even before the halving takes place.
Forecasting VeChain’s (VET) Price Post Bitcoin Halving: Analysts AI Predictions
According to Gert van Lagen, Bitcoin might reach an impressive $200,000 price even before the halving event. If this prediction comes true, Bitcoin could experience even greater price growth after the halving. Additionally, last month, PlanB utilized his Stock-to-Flow (S2F) model to forecast a BTC price of $532,000 following the halving.
Should Bitcoin achieve any of these ambitious targets, it would have a significant impact on the entire cryptocurrency market. This could spark a considerable price surge, affecting altcoins like VeChain (VET). However, it’s challenging to determine the exact extent of such a rally.
To gain further insights, we turned to AI algorithms, querying Google’s Gemini chatbot (formerly Bard) and OpenAI’s ChatGPT. We asked these AI chatbots about their predictions for VET’s price following the Bitcoin halving.
ChatGPT’s response to the question was concise, suggesting a surge for VeChain to $0.15 after the Bitcoin halving event. Currently trading at $0.0449, this projection implies a significant 234% increase.
ChatGPT highlighted several factors influencing VeChain’s potential to reach this target, including rising investor confidence and historical trends indicating a general market surge alongside Bitcoin.
On the other hand, Google Bard provided a more detailed response, outlining various considerations for forecasting VeChain’s post-halving price growth. Bard mentioned factors such as market sentiment, VeChain’s fundamentals, and historical performance.
Bard presented three scenarios with different price targets
In a scenario of moderate Bitcoin price increase and positive market sentiment, Bard predicts VET to reach a range of $0.08 to $0.12.
In a second scenario with a significant Bitcoin price surge and euphoric market sentiment, Bard expects VET to surge to the $0.15 to $0.20 range, aligning with ChatGPT’s forecast at the lower end of this spectrum.
Google Bard explored various scenarios for VeChain’s price following the Bitcoin halving. In one scenario, if the impact of the halving on Bitcoin is limited and market sentiment remains neutral, Bard predicts VeChain to reach a price range of $0.05 to $0.07.
It’s important to note that none of these predicted prices surpass VeChain’s previous highest value of $0.27, which it reached in April 2021, a year after the last Bitcoin halving. Additionally, Bard emphasized that these forecasts are speculative and should not be taken as investment advice.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
