Grok's Artificial Intelligence Predicts Solana's Price by End of 2024
Date: 2024-01-21 Author: Dima Zakharov Categories: IN WORLD
Solana (SOL) delivered exceptional results in 2023, distinguishing itself among various cryptocurrencies. To gain insight into SOL's price dynamics in 2024, the artificial intelligence (AI) Grok, developed by xAI's Elon Musk, was tasked with making end-of-year predictions.
Notably, the total locked value (TVL) of the Solana blockchain has surged, reflecting increased user confidence. Institutional capital flows also favor Solana. This success can be attributed to the improvement in SOL's key metrics, including transaction volume and low fees.
Bullish and Bearish Forecasts for Solana in 2024 by Grok
According to Grok, by the end of 2024, Solana's price could range from $125 to $150 in the best-case scenario. In less favorable circumstances, the strongest Ethereum competitor might drop to $60-80.
Bullish Grok Forecast for SOL
Based on available data and recent market trends, the optimistic forecast for Solana (SOL) by the end of 2024 falls within the range of $125 to $150. This is supported by the coin's impressive performance in 2023, growing popularity of the Solana network, and potential for further development and partnerships, as stated by Grok.
Bearish Grok Forecast for SOL
According to the bearish forecast by Grok, Solana (SOL) could range from $60 to $80 by the end of 2024. This is due to potential risks and uncertainties in the cryptocurrency market, such as regulatory changes or a general market slowdown, as noted by Grok.
Grok also emphasized that these forecasts may not materialize as they are based on available information and market trends. For this reason, investors are advised to conduct their own research and exercise caution.
