Artificial Intelligence Predicts Solana Cryptocurrency to Fall at the End of September

A machine learning algorithm has predicted the value of the Ukrainian developer’s cryptocurrency as of September 30, 2023. According to PricePredictions, Solana will be trading for $ 17.57 at the end of the month. The forecast represents a drop in the token’s value compared to the current price of $ 19.08.

According to analysts, despite the fact that most of the cryptocurrency market is starting to recover, the upward trend of SOL $135.77 Solana -1.66% Market capitalization $62.93 billion VOL. 24 hours $0.76 billion looks more modest than others. If the forecast made by the AI platform turns out to be true, SOL’s price will drop by 7.94% to $ 17.57.

The AI’s prediction of Solana’s future is based on several key technical indicators, including the Moving Average Convergence Divergence (MACD), Relative Strength Index (RSI), and Bollinger Bands (BB). At the time of writing, SOL is trading at $ 19.08, up 2% on the day. The total number of coins circulating on the market is $ 7.69 billion, and traders have made daily trading deals worth $ 281 million.

According to Visa’s crypto experts, Solana (SOL) has features that distinguish it from its competitors. According to Visa, low and predictable transfer fees, high throughput, and strong node support will attract more and more users. «Solana's unique technological advantages, including high throughput due to parallel processing, low cost due to localized fee markets, and high resilience due to its large number of nodes, work together to create a scalable blockchain platform with a compelling value proposition for payments,» the financial giant said.