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Peter Davis

An writer at FOMOdrive

  • Nov 10, 2023
  • 2 min read

ChatGPT gave a stunning forecast for the Solana (SOL) rate

On Friday, Solana experienced a 20% surge, reaching a new high of around $55, the highest it has been in a year and a half.

Rumors about the sale of SOL, owned by the bankrupt crypto exchange FTX, have not hindered the rally.

It is anticipated by experts that the Solana cryptocurrency will experience further growth.

Cryptocurrencies have been on the rise as anticipation builds for the upcoming launch of a Bitcoin ETF. Solana has been increasing in value at a faster rate than Bitcoin, with a 75% jump in October and a 44% increase in the first third of the current month.

CoinShares reported that since the start of the year, $109 million has been invested into crypto funds, with $66 million of that occurring in October and $35 million in the last two weeks. This influx of large capital is one of the factors contributing to the growth of Solana.

In early November, Arthur Hayes, the ex-CEO of BitMEX, declared that even though he was not a fan of Solana, he had still purchased the coins, which had seen a sharp rise in value.

OpenAI's renowned product, ChatGPT-4, has made an optimistic forecast for Solana based on available data, such as past price movements, technical analysis, and expert opinions.

It is predicted that the coin will experience an almost threefold increase in the seven weeks left until the end of the year, with the artificial intelligence forecast predicting the price of the coin to rise from $55 to $150 by the start of 2024.

ChatGPT evaluated Solana as a "solid project, backed by dependable technologies". Furthermore, its ongoing development and projects launched on its network could potentially drive the price of the cryptocurrency higher.

VanEck, an investment company, has predicted that SOL could reach $3,211 by 2030 in an optimistic scenario, while the base scenario suggests a rise to $335.

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