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AI predicts Polygon price as Aave threats to leave the blockchain

Polygon (POL, formerly MATIC ) is going through a significant crisis as the AaveDAO is set to vote on a proposal to leave the blockchain due to security concerns. Finbold turned to artificial intelligence (AI) to analyze this context and provide a Polygon price prediction if this comes true. Finbold covered Polygon-Aave drama last week, as POL’s price reacted negatively to Aave’s ( AAVE ) response to the $1 billion-bridge proposal. At that time, Polygon was trading at $0.594, down 38.65% year-to-date. Why is Aave DAO considering leaving the Polygon blockchain In summary, Allez Labs, along with Morpho and Yearn, proposed transferring about $1.3 billion of the Polygon-Ethereum bridge to their protocols for liquidity supply and yield generation. Many decentralized finance ( DeFi ) users and analysts expressed concern to this proposal, including relevant leadership from Aave, the world’s leading DeFi protocol and competitor of the proponents. As a result, Marc Zeller and EzR3aL, two of the most influential figures on Aave’s governance’s decentralized autonomous organization (DAO) said they plan to support Aave protocol leaving the Polygon blockchain due to security concerns in a vote expected to happen in January 2025. This could be a significant hit for Polygon price and ecosystem, considering Aave represents around 40% of Polygon’s presence in DeFi, according to a DL News’ s report on December 26. Meanwhile, Polygon accounts for only 1.5% of Aave revenue, an argument Zeller used to justify his position. “Polygon is 1.5% of Aave DAO revenue,” Marc Zeller commented in a related thread. “In what world do we risk a billion of bad debt for this?” Grok AI’s POL price prediction amid Polygon-Aave drama As of this writing, POL (formerly MATIC) is trading at $0.485, down nearly 50% year-to-date. This also represents an 18% drop from when we reported Polygon-Aave’s drama for the first time on December 17. Polygon (POL, formerly MATIC) 2024 price chart. Source: Finbold Grok AI: Polygon price bearish prediction First, Grok AI believes the immediate response to Aave leaving Polygon would be bearish for POL’s price, predicting a crash. This, according to xAI’s model— paralleled to Google —could create a sell-off driving Polygon to as low as $0.30. “The loss of such a major player could shake investor confidence, leading to a sell-off. Given POL’s already negative performance year-to-date as of late 2024, an additional drop might push the price below current levels, potentially testing lower support levels like $0.30 or even lower if market sentiment turns very bearish.” – Grok AI output on the Polygon-Aave drama The AI expects a bounce up after testing the price support. Nevertheless, Grok doubles down on the bearish stance, saying Polygon will hardly surpass $0.50 in 2025. Grok AI analyzing Polygon implication if Aave DAO votes to leave. Source: Grok / Finbold The bullish case On the other hand, Grok also considers a potential upside, with a bullish price prediction for Polygon in 2025. For that to happen, the AI says Polygon’s leadership must be able to deal with the ongoing crisis and loss of confidence from investors, besides delivering a solid work next year, capable of attracting significant demand for its ecosystem. “If Polygon adapts and grows despite this setback, predictions could range from $0.63 to $1.91 by the end of 2025, as suggested by some analyses, assuming market conditions remain favorable for altcoins.” – Grok AI Grok AI Bearish and Bullish price prediction for Polygon. Source: Grok / Finbold As things develop, investors must understand the security risks using bridged assets could incur to the ecosystem and closely watch what happens next regarding AaveDAO’s decision. Polygon Labs CEO, Marc Boiron, already said that “A world in which Aave leaves is not one that I want.” Featured image from Shutterstock. The post AI predicts Polygon price as Aave threats to leave the blockchain appeared first on Finbold . CoinTurk News

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BC.GAME Launches Wukong Slot Game, Now Playable with Crypto

NICOSIA, Cyprus, December 26th, 2024, Chainwire BC.GAME has launched its latest slot game, Wukong , inspired by the highly popular AAA game Black Myth: Wukong. Released on December 24, this 6-reel, 5-row slot game invites players to join Wukong on his epic journey, with the chance to win up to 10,000 times their bet. The game features key symbols from Black Myth: Wukong, including Wukong’s Ruyi staff and treasure pearls, bringing the game’s mythical world to life. Players can also enjoy the convenience of using cryptocurrency for gameplay, adding extra flexibility to the experience. Crypto Integration: Wukong Can Now Be Played with $BC and Hundreds of Cryptos The BC.GAME gaming platform continues to integrate cryptocurrency, offering players the ability to play Wukong using $BC, the platform’s native token, and other popular cryptocurrencies. In celebration of the holiday season, BC.GAME is hosting a large-scale event, distributing a total of 200 million $BC tokens. Players can claim free $BC tokens directly to their accounts, which can then be used to play the Wukong slot game . Key Features of the Wukong Slot Game: Play with Crypto: Users can enjoy the game using $BC, Bitcoin, Ethereum, and hundreds of Cryptocurrencies. High Win Potential: Wukong offers payouts of up to 10,000x the bet amount. Free Spins and Bonus Opportunities: Users can unlock additional rewards through free spins and bonus features to enhance gameplay. Wide Bet Range and RTP: With an RTP of 96% and bets ranging from $0.20 to $100 per spin, Wukong caters to both casual players and high rollers. Seamless Crypto Experience: Crypto users can enjoy a fast, secure transaction process, making the game more accessible and enjoyable. Jack Dorset, CEO of BC.GAME commented on the launch, stating: “With the release of Wukong, we are continuing our commitment to blending the rich history of gaming with the innovation of cryptocurrency. We’re excited to offer our players a unique opportunity to enjoy a high-quality slot game with the flexibility and security that digital currencies provide. This launch, along with our ongoing $BC airdrop, is part of our broader vision to make BC.GAME is the leading platform for crypto-powered gaming,” About BC.GAME BC.GAME is a leading online gaming platform that integrates blockchain technology and cryptocurrency into its casino games, by offering a secure, transparent, and decentralized experience, BC.GAME allows players to enjoy a variety of gaming options, including slots, table games, and live casino offerings. The platform is dedicated to providing players with exciting, fair, and innovative ways to engage with the world of gaming. Website: https://bc.game/ X: https://x.com/bcgame Telegram: https://t.me/bcgamewin Contact Olivia D oliviadi@bcgame.com CoinTurk News