Artificial intelligence predicted Solana’s price in February

Finbold analysts used an artificial intelligence algorithm on the PricePredictions platform to determine the value of the Solana cryptocurrency SOL $156.75 Solana -0.98% Market capitalization $73.5 billion VOL. 24 hours $0.25 billion for February 2023. The AI assumed that the token of the blockchain of the same name by Anatoliy Yakovenko will be traded for $ 21.58 next month. Overall, the SOL price is expected to increase by 2.37% in February compared to the current rate.

The Solana cryptocurrency experienced a sharp decline after the collapse of the FTX crypto exchange and the subsequent arrest of its founder Сем Бенкман-Фрід" href="https://noworries.media/biography/sem-benkman-frid/" data-bio-id="3697">Sam Bankman-Fried. However, the gradual positive dynamics in the global crypto market helped SOL to start the road to recovery. At the time of writing, the token is trading at $ 21.29, which is 2.21% higher than the previous day. SOL’s rate gained 24.58% over the week, and 74.25% over the previous 30 days.

According to the latest data from the cryptocurrency tracking platform CoinMarketCap, Solana is currently ranked 11th in the top crypto assets ranking. The token’s market capitalization is $ 7.901 billion.

Last month, Ethereum CEO Vitalik Buterin spoke positively about Solana, saying that he believes in the sustainable development of the virtual coin. The credit of trust from Ethereum’s parent may have also partially influenced the fact that SOL was able to overcome difficulties after the FTX crash.

For their part, crypto experts from Messari emphasized that the Solana ecosystem is also feeling stable. Network performance, transaction volumes, and account activity on the blockchain have almost reached the levels seen before the FTX bankruptcy.