The price of Solana has been fluctuating lately. Meta AI’s Llama 3.1 model has released a price prediction for SOL in 2025, which has sparked interest in the Solana ecosystem.
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The prediction range
Meta AI predicts that Solana's price will range between $200 and $500 by 2025. Some optimistic predictions for SOL suggest highs of $600 or more, while conservative estimates place Solana's value between $120 and $298.
Expert opinions on Solana vary
Peter Brandt, an experienced trader, has shared his optimistic opinion about Solana.
In the tweet above, Brandt says:
“$SOL – easy to use, great foundation $SOL should rise 100% against $ETH in the coming months.”
He criticizes Ethereum as “cumbersome, expensive, defective,” questioning the claims of decentralization.
However, crypto trading expert Alan Santana has identified a bearish signal for SOL.
Santana's trading chart for Solana shows a potential downtrend. The chart highlights “Highest red volume” as the beginning of a possible descent.
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Current market performance
The chart above shows that SOL was trading at $147.00 on August 14, 2024, which represents a 1.59% increase over 24 hours. This Finbold chart illustrates recent price movements, including this slight increase.
Influencing factors
Factors that influence Meta AI's estimate of Solana price include:
- General Crypto Market Trends
- How much Solana grows
- How many people use it?
- Solana's technical improvements
Potential risks identified
SOL and other cryptocurrencies face issues such as market instability and security concerns. Investors and experts are keeping an eye on these issues, which can affect the accuracy of Meta AI's price prediction.
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Meta AI thinks SOL will do well, but don’t put too much stock in this bet. Crypto prices can go up or down unexpectedly.