Grok rockets as token price jumps 55% amid chatbot buzz
Grok (CRYPTO:$GROK) experienced a surge in value, climbing 55.05% to a price of $0.005285, driven by anticipation surrounding Elon Musk's AI chatbot launch.
The market has reacted to news that Grok 3, developed by Musk's xAI, is about to enter the competitive AI chatbot arena, challenging established players like OpenAI's ChatGPT and Google's Gemini.
Musk has characterised Grok 3 as the "smartest AI on Earth.”
The upcoming launch has stirred predictions about Grok's potential.
One forecast suggests the price of Grok will increase by 42.03% and reach $0.007727 by Feb. 23, 2025.
MEXC projects a price of $0.00291 for Feb. 12, 2025.
3Commas projects that Grok could reach a maximum level of $0.0032128364 in 2025.
BitScreener estimates Grok to increase to $0.000002668 in 2025.
xAI, despite securing $6 billion in funding from various investors, is considered a smaller player compared to OpenAI, which declined a $97.4 billion acquisition offer from Musk.
Past events have shown the volatile nature of Grok-related assets.
In November 2023, copycat tokens saw rallies, with some surging by 30,000%.
The value of the Grok token, along with the fortunes of xAI, appear closely tied to Elon Musk, who has faced both successes and challenges across his various ventures.
At the time of reporting, the Grok ($GROK) price was $0.005646.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
38% Dogecoin Rebound, Cardano Tests AI Limits, But Unstaked’s AI Advantage Steals the Show
Dogecoin (DOGE) jumps 38%, and Cardano (ADA) launches an AI testnet, but Unstaked’s advanced AI agents go beyond marketing, offering real impact and value.Dogecoin (DOGE) Future: Aiming for $3.94 with MomentumCardano (ADA) Blockchain Tests AI ScalabilityUnstaked: AI That Goes Beyond MarketingFinal Take: Real AI Utility vs. Hype
ETH Trades at Historic Lows vs BTC Since 2019
ETH hits lowest value compared to BTC since 2019, raising questions on a potential rebound amid mixed fundamentals.ETH Undervalued Against BTC: A Historical SetupBullish History, Bearish FundamentalsPatience Required for Ethereum Bulls
Popcat Climbs, Dogecoin Stalls, But BTFD Triples Tokens with 200% Bonus—Best Meme Coin Presale to Buy Now Before May 26 DeadlineConclusion: Don’t Mis
BTFD Coin surges in Stage 15 with 90% APY staking and 200% bonus. Best meme coin presale to buy now before it launches on May 27!BTFD Coin (BTFD) – The Bulls Are Charging, Are You In?Dogecoin (DOGE) – The OG Meme King Facing Shaky GroundPopcat (POPCAT) – The Smart Money Magnet of the Moment
SHIBA’s Hype Fades, ADA Devs Work; Meanwhile, Web3 ai Becomes Highest Trending Crypto With $500K Frenzy
Explore Shiba Inu (SHIBA) recovery trends, Cardano (ADA) prediction backed by developer growth, and how Web3 ai’s Portfolio Optimizer replaces guesswork with smart strategy. Learn why Web3 ai is gaining traction among the highest trending crypto tools.Web3 ai’s Portfolio Optimizer Turns Guesswork Into GainsShiba Inu (SHIBA) Recovery Sparks Renewed Interest After Key Price ReboundCardano (ADA) Prediction: Development Surge Fuels Bullish OutlookStrategy Over Speculation
Trending news
MoreCrypto prices
More
