Artificial intelligence predicts the value of the Solana cryptocurrency at the end of 2023

Despite an optimistic start to the week, most cryptocurrency assets are now consolidating their previous gains. This also applies to the virtual coin of Anatoly Yakovenko’s blockchain, Solana. Cryptocurrency experts turned to the CoinCodex machine learning system to find out how much SOL will cost at the end of 2023. AI predicts positive medium-term prospects for the digital currency.

CoinCodex has put forward a forecast that by December 31 of this year, the value of the coin will fluctuate around $ 39.73. This will mean a 65% increase in the value of SOL compared to the current market value.

At the time of writing, the Ukrainian developer’s cryptocurrency has lost 1.26% of its value and is trading at $ 23.62 with a market capitalization of $ 9.76 billion. Traders executed daily trading deals worth $ 604 million, a drop of almost 6%.

If we consider the dynamics of the virtual coin since the beginning of this year, the success of the asset looks quite impressive — since January 2023, the asset has added about 140% in value.

An analyst under the pseudonym CryptoTony noted in his profile on the X platform (Twitter) that if Solana overcomes the $ 25.5 area, it is likely to continue to grow steadily in price. The crypto expert also predicts that SOL can reach $ 100 in the foreseeable future. It is noteworthy that the absolute price maximum of Solana was recorded at $ 260.