Chinese AI tool DeepSeek has high hopes for Solana’s next growth spurt, citing several bullish catalysts: technological upgrades, a favorable macro environment, and ETF approvals.
Suppose these factors work as planned, the chatbot believes that $SOL could exceed $450 by this year’s end – a 108%+ increase compared to its current $220 price tag.
It even goes as far as to suggest that a $750 price point might not be out of the equation.
And when $SOL rises, it’s not just a win for the asset itself. Solana-based projects often experience increased user activity and deeper liquidity – especially those pushing boundaries, like Snorter Token’s upcoming trading bot.
Solana’s Growth to Explode Under Compute Limit Upgrade
DeepSeek scouts the web in real time, ingesting and analyzing vast amounts of publicly available data – its findings aren’t to be sneezed at.
The chatbot found that a key driver of Solana’s future will likely be its expanding ecosystem. As applications like DeFi protocols and NFT marketplaces scale, demand for $SOL – which is required for transaction fees and staking – is expected to surge.
Another major catalyst includes technological advancements on the Solana network. Under Jump Crypto, Firedancer developers are working on SIMD-0370 to eliminate Solana’s fixed compute limit.
In turn, it should slash transaction finality from roughly 12.8 seconds to just 150 milliseconds. This would significantly boost Solana’s efficiency as a leading blockchain for real-time apps.
Author: Leah Waters