OpenAI’s text-based artificial intelligence (AI) platform ChatGPT has already gained worldwide recognition and popularity over its usability in multiple areas, including the cryptocurrency market, and providing insight into the future price of digital assets like Solana (SOL).
Taking this into account, Finbold asked the AI chatbot to provide the possible price range for Solana by 2030 based on the network’s development so far, its unique features, community strength, current market conditions, past performance, aggregated online information, and other factors.
After admitting it was challenging to provide a definitive answer on the future price of Solana or any other cryptocurrency with certainty, ChatGPT did provide reasons for the possible rally, including the “fast transaction speeds and low fees, which could make it an attractive option for developers and users alike.”
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ChatGPT says: $50 – $1,000
“Bullish scenario: Some analysts believe that SOL has a strong potential for growth in the coming years due to its unique features, including its high speed, low fees, and strong development team. They predict that SOL could reach as high as $1,000 or more by 2030 if it continues to gain adoption and improves its technology.”
On the other hand, if bears are proven to be correct, ChatGPT stated that Solana could expect only a modest increase (but an increase nonetheless) of around $50 to $100 in the next seven years, citing market circumstances and competition:
“Bearish scenario: Others believe that the current market conditions and increased competition in the crypto space could limit SOL’s growth potential. In this scenario, SOL could trade within a range of $50 to $100 by 2030, based on historical price movements and market trends.”
Solana price analysis
As things stand, Solana is currently trading at the price of $22.57, which represents a decline of 5.06% on its daily chart, as the digital asset is still holding on to its 10.42% gain over the previous seven days and tries to offset the 1.37% drop across the last month, as per data retrieved on February 17.
Meanwhile, the realization of either of the two possible scenarios offered by ChatGPT would depend on the wider crypto and macroeconomic atmosphere, as well as the developments surrounding its ecosystem, such as the launch of a new tool to prevent scams on the Solana-supported Phantom wallet.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.