Monero (XMR) Sets a New ATH: We Asked 4 AIs if $1,000 is in Play This Month

The popular privacy token continues to perform impressively and just a few hours ago hit a new all-time high of around $715.

We asked four of the most popular AI chatbots to assess whether a further rise to $1,000 could occur as early as this month.

What are the Chances?

According to ChatGPT, such a pump is possible given the huge interest in XMR as of late. However, it warned that hitting the $1K milestone will depend heavily on several key catalysts, including hype surrounding the privacy coin sector, potential FOMO, and backing from leading exchanges.

Recall that Binance delisted XMR at the beginning of 2024, triggering a short-term price collapse. Renewed support from the biggest crypto exchange would significantly improve the asset’s liquidity and availability while strengthening its market credibility, setting the stage for a rally.

In conclusion, ChatGPT estimated that the odds of reaching the depicted target sometime this month are in the 20-30% range.

Google’s Gemini was much more optimistic, stating the current momentum is “extraordinarily strong.” It reminded that XMR has surged by almost 60% over the past week alone, arguing that an additional jump of 42% until the end of January is very much in the cards.

Grok and Perplexity, on the other hand, are nowhere near that bullish. The AI chatbot integrated into X predicted that Monero’s native token can stretch to as high as $800-$900 “in a strong Q1 scenario,” rejecting the possibility of reaching $1,000 this month. Perplexity shared a similar forecast, envisioning a further rise to $800, followed by a substantial retreat.

This Trader Joins the Craze

Several hours ago, veteran trader Peter Brandt added his name to the list of people who jumped on the Monero bandwagon lately. He revealed on X that he purchased XMR after finding similarities between its performance and that of paper silver (a term that refers to all financial instruments that track the price of the precious metal). Brandt even described the token as “crypto silver.”

His post triggered interesting debates, and some X users reminded that Litecoin (LTC), not XMR, has earned the “crypto silver” narrative due to its design.

The post Monero (XMR) Sets a New ATH: We Asked 4 AIs if $1,000 is in Play This Month appeared first on CryptoPotato.