Alongside the majority of the cryptocurrency market, Polygon (MATIC) has been riding the red wave in the past weeks, and the crypto community remains pessimistic as artificial intelligence (AI) has projected that the price of MATIC could continue its bearish path by the end of this year.
As it happens, CoinCodex’s machine self-learning platform has determined that Polygon is in danger of dropping below $1 and is likely to be changing hands at the price of $0.463660 on December 31, 2023, which would represent a decrease of 58.6% on its current price, according to the data retrieved by Finbold on March 6.
That said, the AI’s longer-term prediction sees an increase in the price of Polygon to $5.30 or during a period of one year, which, if correct, would represent a gain of 373.21% to the digital asset’s price at press time.