|

Cardano based project commits to AI integration with launch of AI-powered Girolamo

  • CardanoGPT, based on Cardano, begins a new phase of exploring AI and blockchain with the launch of Girolamo.
  • The launch of the AI powered entity represents CardanoGPT’s exploration of AI applications within the blockchain framework. 
  • ADA price climbed nearly 5% in the past week, eyes potential rally. 

CardanoGPT, is a project focused on bringing Artificial Intelligence to the blockchain, in the Cardano ecosystem. The team recently launched CardanoGPT, an AI chatbot. At the time of writing, Cardano price is $0.3919. 

Also read: Solana USDC transfer volume exceeds $70 billion, hits 6-month peak

CardanoGPT announces beta launch of Girolamo

Girolamo is the AI-powered chatbot by CardanoGPT. The project announced the beta launch of the chatbot, this marks a key step in the direction of bringing Artificial Intelligence capabilities to projects and applications on the blockchain.

The beta launch marks a new phase in the exploration of AI applications on the Cardano blockchain. The objective of the AI chatbot is to make blockchain applications more interactive and multifunctional.

The AI-focused narrative gathered steam with recent developments at the American Artificial Intelligence organization, OpenAI. Technology giant Microsoft is working on preparing AI applications for enterprises to help build solutions for firms looking to organize their data into searchable knowledge base.

These developments resulted in a rally in AI-focused cryptocurrencies and the AI narrative became central to the Q4 2023 narratives in crypto and blockchain.

Cardano is currently trading at $0.3919 and the altcoin has yielded nearly 4% gains for holders in the past week. The Ethereum alternative token offered 36% gains to ADA holders in the past 30 days, as it rallied alongside large market capitalization assets like Bitcoin and Ethereum.

Cardano price has remained unchanged in the past 24 hours.

Author

Ekta Mourya

Ekta Mourya

FXStreet

Ekta Mourya has extensive experience in fundamental and on-chain analysis, particularly focused on impact of macroeconomics and central bank policies on cryptocurrencies.

More from Ekta Mourya
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

BNB Price Forecast: BNB slips below $855 as bearish on-chain signals and momentum indicators turn negative

BNB, formerly known as Binance Coin, continues to trade down around $855 at the time of writing on Tuesday, after a slight decline the previous day. Bearish sentiment further strengthens as BNB’s on-chain and derivatives data show rising retail activity.

Top Crypto Losers: Aster, Midnight, and Ethena extend losses as selling pressure mounts

Aster, Midnight, and Ethena are the altcoins with the most losses over the last 24 hours, as the broader cryptocurrency market weakens amid Bitcoin dropping below $86,000. ASTER, NIGHT, and ENA risk further losses as selling pressure mounts and risk-off sentiment spreads across the crypto market.

Ethereum Price Forecast: BitMine acquires 102,259 ETH as price plunges 5%

Ethereum (ETH) treasury company BitMine Immersion scaled up its digital asset stash last week after acquiring 102,259 ETH since its last update. The purchase has increased the company's holdings to 3.96 million ETH, worth about $11.82 billion at the time of publication.

Strategy scoops about $1 billion in Bitcoin for second consecutive week

Bitcoin (BTC) treasury and financial intelligence firm Strategy expanded its holdings following another round of weekly accumulation.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.