The crypto market has endured a challenging 24 hours, with the industry’s total market cap down over 3% – however, Solana has been one of the worst hit and is down 5%.
ChatGPT chimed in on Solana’s future performance, estimating its short and long-term potential. The AI-powered chatbot also provided estimates for two lower market-cap cryptos experiencing huge presale success.
Solana Displays Bearish Movement After Rejecting 200-Day EMA
After briefly breaking above its bear market support zone in early July, Solana ($SOL) has endured another move to the downside, leading to a break below the 200-day EMA. This is a significantly bearish factor since the 200-EMA is a strong long-term indicator.
However, to further the impact, Solana has just retested the 200-EMA as resistance and rejected it – this increases the likelihood that a further move to the downside is ahead.
SOL’s next prominent support level is its bear market mid-range, around $17. If it holds above this level, we could see enough momentum for SOL to finally sustain a break of its current zone.
On the other hand, a break below could devastate SOL with its next support level at its bear market lows of around $8.
ChatGPT Forecasts Long-Term Solana Growth
According to ChatGPT, Solana could experience continued growth throughout 2023 and all the way into 2030.
Its recent Solana prediction estimates possible highs of $50 by the end of 2023, a 2.5x from its current price of $19.79.
While ChatGPT’s short-term prediction opposes our Solana price analysis, the language model highlights fundamentals like Solana’s thriving ecosystem, which comprises countless NFT and DeFi projects, as a reason for its optimism.
Looking ahead to 2025-2030, ChatGPT alludes to real-world use cases and broader market adoption as reasons why Solana could succeed.
Despite its bullishness on Solana, ChatGPT has provided even stronger price predictions for some lesser-known cryptos currently undergoing successful presales.
2023 For Wall Street Memes After Raising $25 Million and Revealing Tier-One Exchange Listings
Wall Street Memes ($WSM) is a prominent new meme coin currently undergoing a presale that has already raised $25 million and is soon heading for its initial exchange offering (IEO).
Several factors contribute to its success, but an obvious one is that it launched already having over one million social media followers.
The Wall Street Bets and GameStop saga inspired the team in 2021, and they began posting crypto and stock memes, quickly fostering a vast community.
Since then, Wall Street Memes launched an NFT project, Wall St Bulls, which raised $2.5 million and sold out in 32 minutes – furthermore, it has also received notable engagement from Elon Musk on Twitter.
Its numerous social and industry accolades have made it an instant hit, and the team has recently announced it will be listed on multiple tier-one exchanges at the end of September.
The project also offers generous staking rewards and with more than 250 million tokens added to the pool, it has a current estimated annualized percentage yield (APY) of 77%.
50% of the 2 billion max supply has been made available during the presale, with 30% for community rewards, including staking and a $50,000 airdrop, and the final 20% for exchange liquidity.
Considering the explosive growth of Pepe following its Binance listing, many are predicting Wall Street Memes could be the next meme coin to explode.
ChatGPT shares the optimism, as it recently forecasted Wall Street Memes could reach highs of $0.30 by the end of 2023 – an 8x increase from its $0.0337 presale price if accurate.
However, investors must be quick as the presale is set to close in the next couple of weeks ahead of the IEO on tier-one exchanges on September 26.