Gemini

2024

Solana

April

<div class="finbold">
 <p class="paragraph">While machine <a rel="noopener noreferrer nofollow" title="learning" href="https://thebittimes.com/tag/learning.html">learning</a> and artificial intelligence (AI) algorithms have previously predicted an optimistic picture of significant gains for Solana (SOL), the current outlook seems to have taken a less optimistic turn.</p>
 <p class="paragraph">Forecasts for April 30 suggest only a small drop to $182.18. Such minimal change indicates a potential stall in Solana’s growth trajectory, even as the broader cryptocurrency market shows signs of rebounding.</p>
 <figure class="wp-block-image size-full"><img decoding="async" width="912" height="566" src="https://cdn.thebittimes.com/images/2024/04/08/b1d612d4ebf7ae4cd4b64537b5c77116.webp" alt class="wp-image-167369" srcset="https://cdn.thebittimes.com/images/2024/04/08/b1d612d4ebf7ae4cd4b64537b5c77116.webp 912w, https://cdn.thebittimes.com/images/2024/04/08/b1d612d4ebf7ae4cd4b64537b5c77116.webp 300w, https://cdn.thebittimes.com/images/2024/04/08/b1d612d4ebf7ae4cd4b64537b5c77116.webp 768w" sizes="(max-width: 912px) 100vw, 912px">
  <figcaption class="wp-element-caption">
   Solana 1-month price prediction. Source: <em>PricePredictions</em>
  </figcaption>
 </figure>
 <p class="paragraph">Several factors could be contributing to this stagnation. A major concern is Solana’s ongoing struggle with network outages.&nbsp;</p>
 <div class="border border-red-300 rounded-xl p-6 not-prose mb-6">
  <h3 class="text-2xl font-black mt-0 flex gap-x-3 mb-5">
   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
    </path>
   </svg> Picks for you</h3>
  <div class="grid md:grid-cols-2 gap-x-10 gap-y-3 md:gap-y-5 divide-y divide-gray-300 md:divide-y-0">
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    We asked Google Gemini if a global economic crash will occur in 2024 <span class="self-center text-xs text-slate-500">41 mins ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    NiceHash to host a Bitcoin conference in Maribor to celebrate 10 years of crypto advancements <span class="self-center text-xs text-slate-500">1 hour ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Crypto expert Ali Martinez forecasts $85,000 Bitcoin target incoming <span class="self-center text-xs text-slate-500">2 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Google Gemini's $100 crypto portfolio up 60% in a year <span class="self-center text-xs text-slate-500">2 hours ago</span>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <p class="paragraph">Over the past week, the Solana blockchain has been plagued by significant issues and congestion problems, issues that have long been a thorn in the network’s side.&nbsp;</p>
 <p class="paragraph">The increasing number of users and their on-chain activity, particularly with the rise of meme coins and transactions on decentralized exchanges (DEXes), largely attributes to this congestion.</p>
 <p class="paragraph">The combination of downgraded <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> predictions and persistent network issues raises serious concerns for Solana’s future trajectory.</p>
 <p class="paragraph">Though unforeseen events or positive developments could still trigger a price surge before the end of April, based on current information, investors should brace themselves for a potentially flat, or even bearish, month for Solana.</p>
 <h2 class="wp-block-heading" id="h-solana-price-analysis">Solana price analysis</h2>
 <p class="paragraph">At press time, Solana’s <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> sits at $183.40, facing the possibility of a stall in its growth trajectory. It’s down by a mere 0.09% for the day and by 7.70% over the past week.&nbsp;</p>
 <figure class="wp-block-image size-full"><img decoding="async" width="870" height="512" src="https://cdn.thebittimes.com/images/2024/04/08/7e117b8389af5bbe2c51e7807725ac15.webp" alt class="wp-image-167370" srcset="https://cdn.thebittimes.com/images/2024/04/08/7e117b8389af5bbe2c51e7807725ac15.webp 870w, https://cdn.thebittimes.com/images/2024/04/08/7e117b8389af5bbe2c51e7807725ac15.webp 300w, https://cdn.thebittimes.com/images/2024/04/08/7e117b8389af5bbe2c51e7807725ac15.webp 768w" sizes="(max-width: 870px) 100vw, 870px">
  <figcaption class="wp-element-caption">
   Solana 7-day price chart. Source: <em>Finbold</em>
  </figcaption>
 </figure>
 <p class="paragraph">However, it still maintains a 23.60% gain on the monthly chart, according to Finbold data.&nbsp;</p>
 <p class="paragraph">The critical question looming is whether Solana can hold onto these gains. Recent network issues have reignited concerns, and persistent congestion without viable solutions could degrade investor confidence, potentially leading to a decline in price.</p>
 <h2 class="wp-block-heading" id="h-can-solana-regain-investor-confidence">Can Solana regain investor confidence?</h2>
 <p class="paragraph">In the face of transaction failures and an unreliable network experience, users and investors are increasingly turning their attention to Solana’s competitors.&nbsp;</p>
 <p class="paragraph">Notably, Solana’s recent market traction stemmed largely from Ethereum‘s poor user experience plagued by high fees and low scalability.&nbsp;</p>
 <p class="paragraph">However, with Solana facing its own network difficulties, the question remains: can it regain investor confidence and solidify its position in the ever-evolving blockchain landscape?&nbsp;</p>
 <p class="paragraph">The long-term effects of the congestion on SOL’s <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> remain to be seen. It’s worth noting that the asset has risen in <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> despite previous network outages.&nbsp;</p>
 <p class="paragraph">Ultimately, the <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> trajectory will also depend on broader market sentiment, which can be difficult to predict.&nbsp;</p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/machine-learning-algorithm-sets-solana-price-for-april-30-2024-tbt84821.html">https://thebittimes.com/machine-learning-algorithm-sets-solana-price-for-april-30-2024-tbt84821.html</a></p>

Machine learning algorithm sets Solana price for April 30, 2024

İçindekiler

TheBitTimes

8 Nis 2024 tarihli diğer yazılar

Memecoin Masih Panas, Mampukah DOGE Menggeser Posisi XRP?

BIG NEWS: Coinbase BASE L2 Beats Arbitrum and Ethereum in Transactions

Dormant Bitcoin Whale Springs Back To Life With $74M Binance Deposit

Top Crypto To Watch This Week

Cronos and The Graph Strategists Opt for Koala Coin: The Cute and Cuddly Meme Coin

420-Friendly Solana Meme Coin Slothana Raises $10 Million As ICO Clock Ticks Down

Güncel kripto para haberleri için ücretsiz bültenimize abone olun!