ChatGPT predicts XRP’s value for March’23: A parody or a reality?
The market has been good to XRP lately. In the wake of the FTX crisis, the asset price rose to $0.40. However, it is not out of hot water yet. There continues to be a lot of uncertainty surrounding the outcome of Ripple vs. The SEC case, and there are also several other macroeconomic considerations to take into account. It is safe to say that at the moment the future of the asset is almost impossible to predict.
Nevertheless, community speculation has been sparked by the widespread belief that XRP will break the $1 threshold in 2023.
The live XRP price is $0.377883 USD with a 24-hour volume of $834,476,920 USD. XRP fell 2.44% overnight.
XRP to touch the $1000 mark?
The XRP community was surprised after Uphold’s head of research, Dr. Martin Hiesboeck, released a ChatGPT conversation involving XRP.
The conversational chatbot ChatGPT was released by OpenAI in November 2022. Hiesboeck claims that a question about when XRP will be “mooning” was asked to ChatGPT.
After being asked to make a prediction about the stock market, the AI tool explained that it was never meant to. After some pressure, it revealed that March 23, 2023 was the XRP moon date and that it planned to acquire the massive bag just before the moon before sailing off into the sunset. “XRP hits $589,000, up your XRPP,” ChatGPT chimed in.
The artificial intelligence tool may allude to the parody channel “XRP the Standard Productions”, which often pokes fun at developments in the cryptocurrency industry.
Society reacts
The XRP community was clearly amused by the utility’s response, as evidenced by the number of “LOL” emojis posted in response to the tweet.
Some interpreted it as a prediction that XRP’s value will shoot to the “moon”. Hiesboeck wrote: “Future value of XRP. ChatGPT, an AI that claims to know everything, has predicted the date when XRP will skyrocket in value. After persistent solicitation.”
Is $589K possible?
Looking at the current price target, it is challenging for industry experts to say that XRP will shoot anywhere to 589. To achieve this, XRP needs a 200x pump.
John Deaton, the founder of CryptoLaw and a proponent of blockchain technology, supported the claim, Hiesboeck responded by adding: “And they said 589 was impractical.”
The majority of forecasts for XRP place its value above the $1,000 level, with several placing it in the five-figure range. XRP is now trading at $0.38, and realistically, the $589,000 price forecast was deemed impossible to achieve because the asset would have to increase by roughly 200 million percent.
David Gokhshtein expects the price of XRP to skyrocket if the SEC action is successful; however, the scope and extent of the potential price increase is unknown.
As the market recovers from the bloodshot of 2022, coins will struggle to restore investor confidence before any good Fed or political developments.
