OpenAI’s ChatGPT-4 model stated its year-end price prediction for Solana (SOL).
SOL, one of the cryptocurrencies that has been mobilized with the rise of Bitcoin, continues to come to the fore. The popular altcoin, which gained strength with the continuation of the Memecoin craze, increased expectations for the next bull season. So how much does the AI think Solana will be at the end of the year?
Factors supporting the rise of Solana (SOL)
Solana’s growth is driven by several key factors, primarily institutional investment, increased user engagement, and the evolving DeFi ecosystem.
In the third quarter of 2024, Solana-specific applications attracted $173 million in investments across 29 DApps. This corresponds to a 54 percent increase compared to the previous quarter. The increase underscores institutional confidence, which has become especially strong as prominent figures such as Franklin Templeton launched an SEC-compliant money market fund on Solana.
Additionally, Société Générale’s SG-Forge unit announced plans to launch a MiCA-compatible stablecoin on the Solana network. Network activity also remained strong in the third quarter of 2024.
Memecoins such as Solana and Goatseus Maximus (GOAT) further energized the ecosystem. In this way, daily transaction fees reached 4 million dollars, while active addresses exceeded 8 million.
Artificial intelligence forecast for the end of the year
AI-based platforms think Solana will be between $180 and $190 by the end of the year.
Solana’s strong growth in institutional investment, user engagement, and DeFi activity has positioned it as a major player in the digital asset space. However, if SOL fails to protect $160, it could face a deeper correction. The critical levels for Solana will be $150 and $200. These levels will determine the bull-bear battle in the pair.
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