After the hype around artificial intelligence (AI), sparked by OpenAI launching its text-based AI tool ChatGPT, gave birth to other platforms, Google Bard is one of those tools that has stood out for its capability to analyze cryptocurrencies like Polygon (MATIC), taking into account relevant developments.
Specifically, Finbold consulted Bard for insights on the future price of MATIC (or POL if the community accepts the new token) after the launch of Polygon 2.0, a multichain zero-knowledge layer 2 scalable ecosystem unified via a novel cross-chain coordination protocol, and the AI tool has delivered its projections as of August 14.
Factors at play
As Google Bard pointed out, there are several factors that could affect the price of Polygon’s native token following the implementation of the 2.0 upgrade, including making the Polygon network more scalable and efficient, “which could attract more users and [decentralized applications (dApps)] to the network.”
On top of that, the Polygon 2.0 upgrade could further solidify Polygon’s status as one of the most popular Ethereum (ETH) scaling solutions, and there is a “strong team of developers and investors” behind the network, which could provide confidence in the project, as Bard explained.
MATIC price prediction
Based on the above factors, the generative AI product of Alphabet (NASDAQ: GOOGL) has predicted that the “price of MATIC could reach $2 or even $3 after the Polygon 2.0 upgrade,” referring to the specific predictions by notable crypto analytics platforms.
For instance, DigitalCoinPrice predicts that MATIC could trade at the price of $2.1 by the end of 2023, WalletInvestor has set its price to $2.5 by the year’s turn, whereas PricePrediction.net places its forecast at $3 by the end of 2023.
MATIC price analysis
Meanwhile, MATIC is currently changing hands at $0.6878, indicating a marginal decline of 0.09% on the day, an increase of 0.69% across the previous week, and a 16.19% drop on its monthly chart, as per the latest data retrieved by Finbold on August 14.
All things considered, Polygon 2.0 might just be the thing that MATIC needs to break the sideways trading pattern and make a stronger upward move. However, it is important to remember that things in the crypto market can often change suddenly, which is why doing one’s own research is necessary.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
