Grok AI system founded by Elon Musk, has forecast that Ethereum will have a value of $4000 to $5000 by the end of 2024.
The model established the highest price target at $6,500 and the minimum at $2,500. It predicted issues like Ethereum’s move to proof-of-stake, the possibility of ETFs, and ecosystem growth from updates like the Shanghai.
On the other hand, Grok’s model does not show that Ethereum is below the minimum price target, which means a small error occurred within the model. Investors should conduct research on opportunities before making investment decisions.
For Solana, Grok set a best-case prediction of $125 to $150 by the end of 2024 based on Solana’s strong performance recently and its growing adoption. However, the model warned Solana could drop to $60 to $80 under a bearish scenario driven by regulatory changes.
Solana has become a top Ethereum competitor, owing strength to metrics like its rising total value locked. Institutional interest is also high. Still, risks remain around regulation and market volatility.
Also read: Grok AI Gazes into Cardano’s 2024 Crystal Ball