Artificial Intelligence Predicts the Value of Cryptocurrency by a Ukrainian Developer

A machine learning algorithm has predicted the price of Solana, a cryptocurrency created by Ukrainian developer Anatoliy Yakovenko, as of July 1, 2023. According to PricePredictions, in 10 days, SOL will be traded for $ 15.84, which is 5.43% less than the price ofat the time of publication.

According to analysts, the AI’s prediction may be quite realistic — Solana is still at risk. According to the results of the past weeks, the Solana project token was among the main losers from the top 10 best. This is due to the fact that the US Securities and Exchange Commission (SEC) has named Solana, BNB, Cardano, and Polygon as securities in its lawsuits.

The Solana Foundation project responded to the SEC’s claims, but it had no effect. Online broker Robinhood announced that it would delist SOL amid SEC claims against Coinbase and Binance. Later, Bakkt also announced that it would delist Solana (SOL) following the SEC’s lawsuit.

According to the results of technical analysis of the daily chart, SOL has been falling since April 17. The wave analysis of the daily chart also suggests that further declines are expected. If this analysis is correct, the SOL rate should fall to $ 10.42.

In addition to SOL, the SEC’s lawsuits have also affected the ADA cryptocurrency, which lost more than 26% over the past week. Cardano is included in the SEC’s lawsuits against Binance and Coinbase as a security. Therefore, a large collapse in the ADA price is expected. Cardano’s parent company, Input Output Global (IOG), believes that the SEC has made a number of inaccuracies about ADA, which is not and has never been a security under US law.