This summary text is fully AI-generated and may therefore contain errors or be incomplete.
CardanoGPT has launched its AI-powered chatbot, Girolamo, which aims to integrate artificial intelligence (AI) technologies with the Cardano blockchain ecosystem. Named after Italian mathematician Girolamo Cardano, the chatbot offers functionalities such as content and image generation, as well as image interpretation. This allows Girolamo to provide real-time, contextually aware responses, expanding its utility beyond standard blockchain applications. Users can participate in the beta testing phase by holding a minimum of 5000 CGI tokens and accessing the chatbot through the CardanoGPT Discord server. The company emphasizes that Girolamo is still in its beta phase, highlighting ongoing development and potential enhancements. CardanoGPT aims to maintain a leading position in the convergence of AI and blockchain technology through continuous innovation. In terms of Cardano’s price, the ADA token has experienced a strong upward trend since breaking out of a downward trend in October. However, the rally has recently stalled, with the price consolidating after being rejected at the 0.786 Fibonacci retracement level. The launch of Girolamo could potentially have a bullish impact on Cardano’s price, given the market’s interest in AI tokens. In the short term, the ADA price may need to retest support at the 0.618 Fibonacci retracement level before moving higher. If this level holds, the next target could be the yearly high, representing a 22% rally from the current price.