CardanoGPT has officially announced the beta launch of its AI-powered chatbot, Girolamo. This initiative marks a substantial advancement in the integration of artificial intelligence (AI) technologies with the Cardano blockchain ecosystem. Named after the influential Italian mathematician Girolamo Cardano, the chatbot aims to symbolize the fusion of historical intellectual heritage with contemporary technological innovation.
Girolamo is designed to provide a range of functionalities, including content generation, image generation and image interpretation, tailored to a variety of user requests. This set of capabilities allows the chatbot to provide real-time, contextually aware responses, extending its usefulness beyond standard blockchain applications. The inclusion of image-related functionalities represents a significant technological step forward, improving the interactive experience and expanding the scope of its applicability.
To participate in Girolamo’s beta testing phase, users must own a minimum of 5,000 CGI tokens, as outlined by CardanoGPT. Access to the chatbot is enabled through the CardanoGPT Discord server, where users undergo a wallet verification process. Upon successful verification, users will be given the @cyborg role, allowing them to communicate directly with Girolamo through the designated chat channel.
CardanoGPT’s announcement highlights that Girolamo is still in beta, indicating continued development and potential improvements. This phase is critical for assessing the chatbot’s performance, user experience, and overall functionality within the Cardano ecosystem. The company has emphasized its commitment to continuous innovation and development, with the aim of maintaining a leading position in the convergence of AI and blockchain technology.
Cardano price ready for a 22% increase?
ADA has seen a strong uptrend since breaking the downtrend (black line) on October 21, causing its price to rise by more than 60%. However, the rally has stalled in the past two weeks. The price is in a consolidation after the ADA was rejected at the 0.786 Fibonacci retracement level at $0.411.
However, the AI story and potential hype in this market segment could be significantly bullish for the Cardano price once Girolamo’s launch approaches. AI tokens have seen some sharp price movements in recent months, driven by news about the progress of OpenAI and other companies.
In the short term, ADA price may need a new test of support at the 0.618 Fibonacci retracement level at $0.37 to usher in the next upward move. Notably, the price level is doubly important, as the 20-day exponential moving average is also at this price level.
If this price level is defended in the coming days, it could be the precursor to the next move higher. The obvious target would be the yearly high of $0.463. Reaching this price would mark a 22% rally from the current price.
Featured image from Shutterstock, chart from TradingView.com
