Most of the cryptocurrency industry is witnessing the struggle between bears and bulls. Leading crypto Bitcoin could not exceed $65 thousand and fell to $62 thousand. Many altcoins are also moving in the red zone. It remains unclear what course the market will follow in May. To give you an idea, we looked at the artificial intelligence’s price predictions for SOL, ADA and LUNC Coin.
Artificial intelligence predicts SOL price for May 31
Solana (SOL) is no exception as it struggles in the market. Indeed, Solana has moved in the red over the past few weeks. However, it has still managed to maintain steady progress since the beginning of the year, thanks to the increase in blockchain projects on its platform and despite (now resolved) network issues such as congestion. In such a context, advanced artificial intelligence algorithms of crypto tracking platform PricePredictions predict that Solana will reach $147.11 by May 31, 2024. This represents a slight gain from Solana’s current price of $145.
Artificial intelligence predicts ADA price for May 31
Cardano (ADA), known for its innovative third-generation Blockchain technology, is currently navigating a challenging market environment. It increased its price from $0.45 to $0.46 with a short-term rise at the beginning of the month. However, ADA has since pulled back to hover around $0.44. This pattern of declines following rapid gains reflects the ongoing volatility and investor uncertainty surrounding Cardano. The increase in active addresses shows that interest in the platform has increased again. However, overall market sentiment remains moderate.
The significant decline in technical indicators and trading volume casts a shadow over ADA’s short-term price expectations. Thus, it indicates that the current downward trend will continue. A worrying ‘death cross’ formation in ADA’s moving averages further complicates the outlook. This typically indicates a potential sales pitch. According to AI bot CoinCodex, the short-term outlook for ADA remains somewhat optimistic. AI, ADA is expected to reach $0.4613 by May 31. This means an increase of approximately 3%.
Artificial intelligence predicts LUNC Coin price for May 31
cryptokoin.comAs you follow from , the majority of assets in the cryptocurrency market are consolidating. Terra Classic (LUNC Coin) goes with the flow. It’s performing particularly poorly on the year-to-date (YTD) chart, where it’s down nearly 25%. However, artificial intelligence (AI) algorithms predict a slight recovery for its price by the end of this month.
Indeed, LUNC Coin has moved in the red over the past few weeks. It has also maintained a steady decline since the beginning of the year. This decline continued when the Terra Classic community voted against a proposal to prevent Blockchain’s validators from launching multiple validators on the network. In this context, PricePredictions’ artificial intelligence algorithms predict that the LUNC Coin price will reach $0.000105 by May 31. This represents a slight increase from the LUNC Coin price of $0.0001036 at the time of writing.
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