Following a difficult period for its price, which has seen it decline over 5% in a single week’s time, Solana (SOL) seems to have started to recover, and a newly released artificial intelligence (AI) assistant is reasonably optimistic regarding its price performance in 2025.
As it happens, Finbold has tasked the Meta Platforms (NASDAQ: META) AI model called Llama 3.1 to offer insights into the possible price of the currently fifth-largest asset in the cryptocurrency sector by market capitalization from the standpoint as of August 14.
Meta AI’s Solana price prediction
So, how high can Solana go? Notably, Meta’s AI platform has, indeed, provided several price prediction targets for Solana in 2025, the average of which points at $200 to $500, “with the possibility of reaching higher values if the network continues to grow and gain widespread adoption.”
Specifically, Llama 3.1 said that its predictions rely on available predictions, some of which are more optimistic than others, as well as acknowledging that making a specific Solana price prediction next bull run is challenging “given the dynamic nature” of the crypto market. In terms of specific prognoses:
“By 2025, the price could potentially range from $200 to $500, with some optimistic forecasts predicting highs of $600 or more. Another source suggests a more conservative estimate, with a potential low of $120 and a high of $298 in 2025.”
What experts say about Solana
Meanwhile, veteran trader and renowned markets expert Peter Brandt believes that Solana is the “clear winner” in the battle against Ethereum (ETH), arguing that it is user-friendly, has a “great foundation,” and should gain 100% on ETH in the months ahead,” as Finbold reported on August 9.
That said, crypto trading expert Alan Santana has recently observed that Solana was exhibiting a strong bearish signal in August 2024, suggesting a steeper decline in its price, especially considering the volume and price chart patterns mimicking those in July 2023.
Solana price analysis
For the time being, Solana is trading at the price of $147, which reflects an increase of 1.59% in the last 24 hours, reducing the 2.67% drop across the week and the accumulated decline of 2.40% over the past month, according to the most recent chart information.
So, why is Solana pumping today? It is also worth noting that its positive price action coincides with the rapid adoption of the Paypal (NASDAQ: PYPL) United States dollar-pegged stablecoin (PYUSD) on the Solana blockchain, as it beats Ethereum in the size of the stablecoin’s total supply on it.
Ultimately, although some technical analysis (TA) indicators point to a different conclusion, at least in the short term, Solana might, indeed, continue to recover its price and hit the target suggested by Meta AI. However, it is only an AI model, so doing one’s own research is critical when investing in crypto assets.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.