In the closing months of 2023, Solana (SOL) was met with a deluge of bullish forecasts due to its increasing strength and managed to meet and beat most of them. In fact, in the last two months, SOL rose as much as 500% to decisively above $100.
After such a significant surge – given that the cryptocurrency entered 2023 around $11 and ended the year around $106 – and amidst a shift toward other ecosystems such as Ethereum (ETH), it isn’t certain that SOL’s rise will continue into 2024.
Given the hopes and worries about Solana, Finbold consulted the predictive AI-driven machine-learning algorithms of CoinCodex to try and figure out how it may fare by the end of the month.
These algorithms try to estimate the future price of assets like SOL by analyzing past performance and relevant market conditions and factors, and they set Solana’s January 31 price at $119.22.
Machine learning prediction for SOL for January, Source: CoinCodex
Such a prediction indicates that this month, the
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