12 March 2023 10:01, UTC
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After a recent widespread downturn that has engulfed the majority of the cryptocurrency market, Polygon (MATIC) is back to trading in the green, and OpenAI’s artificial intelligence (AI) tool ChatGPT sees potential improvement for the token’s price by the end of the decade.
Indeed, Finbold asked the AI tool to provide a possible trading range for MATIC by 2030, taking into account the network’s success and development so far, the number of users, past performance, chart patterns, current market conditions, and other factors.
ChatGPT says: $10 to $50
After diligently reminding that “cryptocurrency markets can be highly volatile and subject to various factors that can impact price movements,” ChatGPT has listed some of the elements that could contribute to the boost in usage and value of the Polygon network.
As it explained, these include “Polygon’s growing network and partnerships, as well as its unique features such as fast transaction speeds and low fees,” in addition to the “increasing demand for decentralized applications (dApps) and the use of smart contracts on the Polygon network.”
Considering these factors, ChatGPT gave a general trading range for MATIC:
“Based on this information, some experts suggest that Polygon’s price could reach anywhere between $10 to $50 or even more by 2030. However, it’s important to note that these are speculative predictions and should be taken with caution.”
Polygon price analysis
Meanwhile, Polygon was at press time changing hands at the price of $1.05, up 3.13% on the day, as it tries to reverse the losses of 6.77% accrued over the previous week, as well as the 14.49% drop during the previous 30 days, as per the data retrieved on March 12.
As the AI tool itself noted, whether the predictions it offered come true will depend on a multitude of factors, including “market conditions, competition, regulatory developments, and technological advancements” such as the launch of the Polygon zkEVM mainnet beta, set to take place on March 27.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
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