Solana’s price has been fluctuating recently. Meta AI’s Llama 3.1 model has released a price prediction for SOL in 2025, sparking interest in the Solana ecosystem.
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The Forecast Range
Meta AI predicts Solana’s price to range between $200 and $500 by 2025. Some optimistic forecasts for SOL suggest highs of $600 or more, while conservative estimates place Solana’s value between $120 and $298.
Expert Opinions Diverge on Solana
Peter Brandt, a veteran trader, has shared his bullish view on Solana.
In the tweet above, Brandt states:
“$SOL – user friendly, great foundation $SOL should gain 100% on $ETH in months ahead.”
He criticizes Ethereum as “cumbersome, expensive, flawed,” questioning its decentralization claims.
However, crypto trading expert Alan Santana has identified a bearish signal for SOL.
Santana’s trading chart for Solana shows a potential downward trend. The chart highlights “Highest red volume” as the start of a possible descent.
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Current Market Performance
The chart above shows SOL trading at $147.00 as of August 14, 2024, marking a 1.59% increase over 24 hours. This Finbold chart illustrates recent price movements, including this slight uptick.
Influencing Factors
Things that affect Meta AI’s guess about Solana’s price include:
- General crypto market trends
- How much Solana grows
- How many people use it
- Solana’s tech improvements
Potential Risks Identified
SOL and other cryptocurrencies face issues like market instability and security concerns. Investors and experts watch these problems, which may affect how accurate Meta AI’s price prediction is.
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Meta AI thinks SOL will do well, but don’t rely too much on this guess. Crypto prices can go up or down unexpectedly.
