Artificial intelligence predicts growth of Solana cryptocurrency by 318%

Cryptocurrency industry experts note a positive trend in the digital asset market. At the moment, many analysts are betting on the Solana cryptocurrency, which is showing a steady increase in value.

According to the analytical tracker CoinMarketCap, today, October 21, the eponymous digital asset SOL $196.59 Solana 4.81% Market capitalization $92.71 billion VOL. 24 hours $0.88 billion of the Anatoliy Yakovenko blockchain is trading at $ 28.06 with a market capitalization of $ 11.6 billion, up 6.52%. The total supply of coins circulating on the market amounted to $ 11.6 billion. Traders made daily trading deals worth $ 891.7 million. Over the past 7 days, the asset has risen in price by more than 25.7%. Over the past month, it has risen by 34.92%.

According to TradingView’s technical metrics, the vast majority of them signal further strengthening of SOL’s position. Given the favorable situation for the coin, Finbold analysts turned to the machine learning system from CoinCodex. The AI evaluated the dynamics of the crypto asset and came up with a number of interesting forecasts.

According to the neural network’s forecasts, in mid-October 2024, Solana will be trading at $ 112.4, which is 318.3% higher than the current price level. At the same time, in October 2025, the asset will be around $ 64.15, which is 138.5% higher than the current price level.

We would like to add that the global market capitalization is also showing growth. As of today, it stands at $ 1.12 trillion, which is 1.32% higher than yesterday’s figures. The dominance of the market was 51.6%, with ETCs accounting for 17.2%.