Artificial intelligence predicts the value of Solana

A machine learning algorithm has predicted the value of the Solana (SOL) cryptocurrency as of January 31, 2023. According to PricePredictions, by the end of this month, SOL will be trading at $ 13.73, which means a several percent increase in the digital asset compared to the price at the time of publication SOL $254.07 Solana 7.67% Market capitalization $120.61 billion VOL. 24 hours $2.16 billion

It is worth noting that despite the negative forecasts of cryptocurrency experts and the threat of a collapse, Solana’s value in 2023 began to recover. On the morning of January 4, SOL was able to grow by as much as 17.69%.

On the eve of the New Year, the situation with Solana was critical — in December, the token lost 97% of its value. The reason for SOL’s decline was the bankruptcy of FTX and Alameda Research. Both firms invested heavily in the digital asset and the Solana blockchain, and Sam Bankman-Fried showed high loyalty to the crypto ecosystem of Ukrainian Anatoly Yakovenko.

As for the predictions of the PricePredictions machine learning algorithm, the AI 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) indicator. As for the value of the flagship cryptocurrency, at the end of December, the AI predicted that on January 31, BTC $98,079.76 Bitcoin 3.50% Market capitalization $1.94 trillion VOL. 24 hours $6.71 billion would be trading for $ 15,675.