Artificial intelligence predicts Solana’s price for the New Year

A machine learning algorithm has predicted the value of the Solana (SOL) cryptocurrency as of December 31, 2022. According to PricePredictions, by the end of this year, SOL will be trading for $ 12.81, which means a drop of more than 8% compared to the price at the time of publication SOL $253.97 Solana 7.93% Market capitalization $120.53 billion VOL. 24 hours $1.89 billion

The PricePredictions machine learning algorithm uses a variety of random process analysis tools, including: Moving Average (MA), Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), and Bollinger Band (BB). It is worth noting that the forecast of the machine learning algorithm is less optimistic than the expectations of the members of the CoinMarketCap cryptocurrency community. According to the survey, platform users expect SOL to reach $ 15.61 by the end of 2022.

As for the sentiment, which is determined by TradingView’s technical analysis (TA) indicators on 1-day measuring devices, it remains uncertain about Solana. Most investors are in a neutral position, with no plans to buy or sell their digital assets.

In early December, the PricePredictions algorithm predicted the value of the flagship cryptocurrency by the end of 2022. According to AI estimates, on December 31, BTC $96,984.21 Bitcoin 2.88% Market capitalization $1.92 trillion VOL. 24 hours $6.22 billion will be traded for $ 18,796.

Like the flagship cryptocurrency, Solana also has its critics and supporters. In November, a former top manager of one of the largest American investment companies Goldman Sachs and a cryptocurrency supporter Raul Pel called SOL the most promising cryptocurrency. Pel urged investors to pay attention to SOL during the fall, as the token is expected to grow in the future, the expert said at the time.