Much of the cryptocurrency sector is witnessing a struggle between bears and bulls. Bitcoin, the leading crypto, failed to break $65,000 and fell to $62,000. Many altcoins are also moving in the red zone. It remains unclear what the market will look like in May. To give you an idea, we took a look at the AI’s price predictions for SOL, ADA and LUNC Coin.
AI predicts SOL price for May 31
Solana (SOL) is no exception to the struggle in the market. Indeed, Solana has moved in the red over the past few weeks. However, it has still managed to maintain a steady progress since the beginning of the year, thanks to an increase in Blockchain projects on its platform and despite (now resolved) network issues such as congestion. In such a context, the advanced AI algorithms of crypto-tracking platform PricePredictions predict that Solana will reach $147.11 by May 31, 2024. This implies 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. Earlier in the month, it briefly surged from $0.45 to $0.46. However, ADA has since retreated, hovering around $0.44. This pattern of decline following rapid gains reflects the ongoing volatility and investor uncertainty surrounding Cardano. An increase in active addresses suggests renewed interest in the platform. However, overall market sentiment remains moderate.
Technical indicators and the significant decline in trading volume cast a shadow on ADA’s near-term price prospects. Thus, it suggests that the current bearish trend will continue. The outlook is further complicated by a worrying ‘death cross’ formation on ADA’s moving averages. This typically signals a potential sell-off phase. 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 implies an increase of about 3%.
Artificial intelligence predicts LUNC Coin price for May 31
As you have been following on Kriptokoin.com, the majority of assets in the cryptocurrency market are consolidating. Terra Classic (LUNC Coin) is going 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 at 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 the 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 LUNC Coin price of $0.0001036 at the time of writing.
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