AI Algorithms Predict a Bright Future for Solana (SOL) by the End of 2023
Despite starting the week with bullish momentum, most cryptocurrencies, including Solana (SOL), are currently consolidating their previous gains. However, artificial intelligence (AI) algorithms are forecasting a promising future for Solana by the end of this year.
The price prediction algorithms on CoinCodex, a cryptocurrency tracking platform, have set Solana’s price at $39.73 by December 31, 2023. This indicates a potential gain of almost 65% compared to its current price, according to recent data from October 3.
It’s worth noting that Finbold previously reported on Solana approaching the $25.50 price level. If the cryptocurrency surpasses this level, there is a strong possibility of continuing its bullish movement, as observed by pseudonymous crypto market analyst Crypto Tony.
Crypto Tony had earlier predicted Solana reaching $100 “next week,” although some of his followers disagreed with this prognosis. However, considering that Solana had an all-time high (ATH) near $260, it is not entirely impossible for it to reach $100 in the future.
The AI algorithms also predict a price level of $100 for Solana in the future, albeit not as soon as Crypto Tony expects. Currently, their one-year prediction targets $107.11 for Solana by October 1, 2024.
Hot Take: Solana’s Promising Future and Potential Growth
Solana is gaining attention in the cryptocurrency market due to its potential for growth and positive price predictions from both AI algorithms and market analysts like Crypto Tony. With its current consolidation phase and the possibility of surpassing key resistance levels, Solana could see significant gains in the coming months.
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