The neural network predicts an increase in the price of Ethereum to $6,500 in 2024
The Grok neural network, developed by Elon Musk’s xAI company, predicts an increase in the price of Ethereum (ETH) to $6,500 in 2024.
Artificial intelligence made two predictions:
At the end of 2024, the Ethereum rate will be from $4,000 to $5,000;
Within a year, the price of ETH could peak at $6,500.
Now ETH costs $2,296, so if the neural network’s calculation turns out to be correct, the cryptocurrency will almost triple in price.
Grok appreciates the prospects of Ethereum due to the development of the ecosystem of this cryptocurrency and the Dencun update, which is scheduled to take place on February 8th. Thanks to the implementation of this upgrade, the level of scalability of the ETH blockchain will increase and the costs of processing transactions in second-level networks will significantly decrease due to the use of proto-dunksharding technology, which allows increasing the throughput of the blockchain.
