ChatGPT gives price forecast for Ripple (XRP) and InQubeta (QUBE)

The cryptocurrency market is dynamic: more and more new projects are appearing every day, and existing ones continue to gain strength.

According to CoinMarketCap, there are more than 20,000 unique projects in the world, and they are regularly launched on various blockchains. However, despite the large number of coins, the focus at the moment is on XRP – the native cryptocurrency of the XRP Ledger (XRPL), and Qubeta (QUBE).

Despite doubts about whether AI-powered chatbots like ChatGPT are capable of accurately analyzing crypto assets by parsing and analyzing large amounts of data, analysts have questioned the AI ​​about the prospects of XRP and QUBE and their growth potential in the future.

The results turned out to be very interesting:

ChatGPT analyzes XRP and its growth potential

After analyzing the latest data, the chatbot created by OpenAI and Microsoft notes with “cautious optimism” that XRP may rise in the near future amid the general recovery of the crypto market.

Last cycle, XRP rose to $3.2 and then plummeted. The decline was primarily caused by the 2022 crypto winter and the Securities and Exchange Commission (SEC) litigation with some of Ripple’s top executives, including Brad Garlinghouse.

XRP liquidity has dropped significantly due to these issues, with some exchanges delisting the coin. Nevertheless, it managed to maintain its position in the top 10 by market capitalization.

However, after a positive ruling from a judge in July, XRP is experiencing another surge. While $1 remains a critical resistance level that must be passed, the growing adoption of Ripple’s solutions, including On-Demand Liquidity (ODL), could support price growth in the future. If Ripple finds more partners who integrate ODL, XRP could rise to the $1 mark and even reach $3.2 in the coming months.

While there are pros, there are also significant cons that XRP investors should consider. Although the coin has a regulatory framework, it is not yet clear whether XRPL, the native blockchain of XRP, will retain its main advantages over new blockchains competing with older projects. Projects like Stellar (XLM) can slow down the adoption process.

ChatGPT analyzes InQubeta’s chances

The crypto community’s interest in InQubeta during the current pre-sale, it seems to have attracted the attention of analysts. At the moment, the InQubeta project has sold more than 608 million QUBE tokens and raised about $6.3 million.

Project participants are optimistic, citing the fact that it can give users access to the capabilities of artificial intelligence (AI). InQubeta provides a platform where creators of AI crypto projects can raise funds from cryptocurrency owners.

InQubeta uses proven smart contracts and the reliability of Ethereum. Approved cryptocurrency AI startups monetize opportunities in the form of fractional NFTs that can be sold on an internal NFT marketplace. QUBE is used as an exchange tool and as a governance token. Token holders can vote on proposals, thus directly participating in the development of the project.

ChatGPT notes that the project has a chance to become a successful (DeFi) project after launch. However, the success of QUBE depends on the implementation of the roadmap. Investors are optimistic that the token will rise significantly in value in the coming months as the cryptocurrency market moves away from the 2022 bears.

Even with this optimism, investors should consider the fact that InQubeta is a relatively new project. Therefore, its success will largely depend on the developer’s experience, adoption rate, community, and its ability to provide effective solutions in a highly competitive environment.

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Conclusion

As follows from the above, the chatbot refrains from making specific price forecasts. However, while he remains positive about the potential of XRP and InQubeta (QUBE), investors need to do their due diligence. Traders and investors should carefully study this project before investing in it, given the fact that previous highs are not always repeated.

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