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 of Reaching $1,000?
According to ChatGPT, a pump to $1,000 is possible given the huge interest in XMR. However, it warned that hitting this milestone will depend heavily on several key catalysts, including hype surrounding the privacy coin sector, potential FOMO, and backing from leading exchanges.
It's important to recall that Binance delisted XMR at the beginning of 2024, which triggered 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 not as 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.
Veteran Trader Peter Brandt Joins the Monero Craze
Several hours ago, veteran trader Peter Brandt added his name to the list of people who have recently shown interest in Monero. 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.”
“But do not tell anybody that. It should never be known that I have profited every so often. The trolls must believe I am not successful in trading,” he added.
His post triggered interesting debates, and some X users reminded that Litecoin (LTC), not XMR, has historically earned the “crypto silver” narrative due to its design.