Amid a renewed wave of optimism in the cryptocurrency market that has seen most digital assets trading in the green, Solana (SOL) has been one of the best performers, rallying nearly 10% in a single day, and the artificial intelligence (AI) platform ChatGPT suggests even more gains for the start of 2024.
As it happens, Finbold has consulted ChatGPT-4, the most recent model of OpenAI’s famous product, for insights regarding the price of the seventh-largest cryptocurrency by market capitalization, and it delivered some useful insights from the viewpoint on November 9.
ChatGPT’s SOL prediction
Specifically, based on the online information accessible to it, including historic price trends, technical analysis (TA), and expert predictions, the AI platform has set an optimistic price range of Solana to “anywhere from $50 to $150 by the start of 2024.”
“A historic price analysis indicates that Solana had a remarkable price surge from its inception in 2020 until now, which, if continues to follow, Solana might see high price growth by 2024.”
From a TA perspective, ChatGPT pointed out Solana’s track record as “a strong project backed by robust technology,” which, in addition to the continuous development and projects built on its network, could push the price of its cryptocurrency upward, depending on the growth and success of these projects.
Solana price analysis
As things stand, Solana was at press time changing hands at the price of $47.57, up 9.98% in the last 24 hours, adding up to the 7.58% gain across the previous seven days and rallying a whopping 115.39% in the last month alone, according to the latest charts on November 9.
Meanwhile, the ‘buy and sell indicator’ for Solana has recently flashed a massive buy signal despite the reports that wallets owned by disgraced crypto exchange FTX and crypto investment firm Alameda Research involved in the criminal fraud scandal were dumping their SOL.
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