The Founder of Cardano (ADA) recently invited Sam Altman, the recently outed Chief Executive Officer (CEO) behind OpenAI, for a potential collaboration. This led to an increase in the trading volume of the crypto, and if a collaboration does take place, it could send it upwards. Bitcoin (BTC) regained strength and is now aiming for the $40,000 price range. Today, we will explore the price potential for each crypto to see how far they can spike.
Cardano (ADA) Founder Invites Former OpenAI CEO
Charles Hoskinson reached out through X, formerly Twitter, to the former CEO of OpenAI, Sam Altman. The departure of this CEO sent shockwaves throughout the entire industry and even led to a crisis within OpenAI. There are reports indicating that the board is in talks with Altman for a potential return. This development follows numerous high-profile resignations, including the president, Greg Brockman.
As a result, Hoskison invited the former CEO to join a decentralized big language model (LLM) on the Cardano (ADA) partner chain. The invitation came after the Cardano team announced that the Polkadot stack would get used on the public chain.
LLM is expected to be a significant development within the industry and will allow for the creation of decentralized applications that can process natural language inputs and outputs. It will be created on top of the Cardano public chain.
As for the ADA crypto, it has seen a steady increase in its value, and its trading volume spiked. During the past week, the crypto increased in value from a low point of $0.346738 to a maximum value of $0.406049.
The total price increase was by 51.3% in the last 30 days as a result. The ADA market cap is now at $13,733,097,707, making it the 9th largest crypto. According to the Cardano price prediction, it can surge to $0.6290 by the start of Q1 2024.
Bitcoin (BTC) to Spike 600% According to CryptoRUs
Bitcoin (BTC) also saw a significant level of excitement from enthusiasts, especially after multiple companies submitted proposals for Exchange-Traded Funds (ETFs).
A crypto analyst known as CryptoRUs, who has over 672,000 subscribers on YouTube, noted that the crypto has the potential to surge by 600%. This would bring the Bitcoin price prediction to a value of $265,000.
As for the recent on-chart performance of the cryptocurrency, the BTC crypto traded between $35,266.34 on the low end and $37,903.66 on the high end. The Bitcoin market cap is now at $731,560,010,430, giving it a market cap dominance rate of 49.47%.
During the past month, the total Bitcoin price moved up 25.2%, and it rose 126% in the past year. Recently, Bitcoin saw a fresh increase above the $37,000 resistance zone, and the more realistic outlook for the crypto by the end of 2023 is at the $40,000 range, according to the on-chart data.