đčArtificial intelligence has forecasted the price of Solana for April 30, 2024.
đžWhile machine learning algorithms and artificial intelligence had previously presented rather optimistic calculations regarding Solana's future price, the updated forecast is considerably more modest.
đžAccording to the latest figures, as of April 30, a slight decline to $182.18 is expected. This minor change suggests potential consolidation for Solana, despite the emerging recovery in the cryptocurrency market.
đžForecast of Solana prices for 1 month.
This stagnation could have several justifications, including concerns over disruptions in the Solana network, the most recent of which occurred last week.
đžPerhaps it's due to the growing number of users and their activity within the network, which is driving the release of numerous meme coins and transactions on decentralized exchanges (DEX).
đžAnalyzing the price of Solana at the moment, it hovers around $175.85, demonstrating a daily decline of 4.3%. Weekly losses are comparable at 4.4%.
đž7-day price chart of Solana.
đžCan Solana regain investor trust? With transactional disruptions and unreliable network operation, users and investors are turning their attention to Solana's competitors. It's worth noting that Solana's recent success in the market is largely attributed to Ethereum's poor user experience, characterized by high fees and low scalability.
đžThe hype surrounding meme tokens tends to diminish, so Solana's blockchain strength may come into question at some point. Ultimately, user choices will depend on the overall sentiments of the cryptocurrency market, which are difficult to predict. ă°ïž #Solanaâ© $SOL