Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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 . The Coin Rise

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Next Big Crypto To Explode | Trending Crypto Coins With Massive Potential

Hyperliquid (HYPE), Pudgy Penguins (PENGU), Virtuals Protocol (VIRTUAL), JetBolt (JBOLT), Bittensor (TAO), Ethena (ENA), Worldcoin (WLD), and Avalanche (AVAX) are currently the trending crypto coins today with massive potential. Crypto whales and buyers are watching out as one of these coins could be the next big crypto to explode. While most of these coins have solidified themselves in the crypto space, the new altcoin JetBolt (JBOLT) is heating up the market with its trailblazing zero-gas technology and presale accomplishment of selling over 200 million tokens since launch. A question simply arises: What makes Hyperliquid, Pudgy Penguins, Virtuals Protocol, JetBolt, Bittensor, Ethena, Worldcoin, and Avalanche the hottest coins with potential today? Let’s take a close look. Next Big Crypto To Explode: A Quick Roundup JetBolt (JBOLT): A fresh altcoin with zero-gas technology and Web3 Wallet features. Hyperliquid (HYPE): Also known as “the decentralized Binance”. Pudgy Penguins (PENGU): A memecoin with over 8,888 penguin characters. Virtuals Protocol (VIRTUAL): An innovative cryptocurrency intended to improve virtual interactions through integrating artificial intelligence (AI) and Metaverse technologies. Bittensor (TAO): Recognized for developing machine learning models. Trending Crypto Coins With Massive Potential: A Deep Dive 1. JetBolt (JBOLT) As the fresh altcoin in town JetBolt (JBOLT) is heating waves with its trailblazing zero-gas technology and presale success of over 200 million tokens sold since launch. JetBolt’s core innovation, zero-gas technology, eliminates the headache cost of gas fees, commonly a requirement during blockchain interactions. By removing gas fees, JetBolt makes a smooth transaction for platform users and developers in DeFi, NFTs, SocialFi, and other Web3 projects. The next-gen altcoin offers excitement— JetBolt ensures lightning-fast transactions and instant finality for its users. Additionally, token holders can enjoy JetBolt’s staking process with a creative twist: stakers can earn rewards by connecting and interacting with their friends on the platform. The presale is just getting started, and JetBolt stirs the pot with attractive perks. Early adopters can receive up to 25% bonus tokens when they purchase Alpha Boxes or token bundle deals. Coupled with daily price increases, buyers are seizing the presale left and right. With its zero-gas fees and other stirring attributes, this next-gen contender could just be the next crypto to explode. 2. Hyperliquid (HYPE) Also known as “the decentralized Binance,” Hyperliquid offers a speedy and efficient transaction experience with gas-free perpetual futures trading structures. One of HYPE’s innovative features is low-slippage trading, which allows users to trade without delays and costs compared to other platforms. 3. Pudgy Penguins (PENGU) Built on the Ethereum blockchain, Pudgy Penguins is popular for its 8,888 unique penguin-themed avatars from 150 design elements. The price of PENGU today is at $0.03791, displaying a 13.95% rise in the last seven days. PENGU has a current market cap of $2.41 billion. Chart illustrating Pudgy Penguins (PENGU) price fluctuations from December 18 to 26, 2024 (Source: CoinGecko) 4. Virtuals Protocol (VIRTUAL) Trading at $3.18 today, Virtuals Protocol jumped by 30.25% over the past week with a 446.94% increase this month. By integrating AI and Metaverse, Virtuals Protocol simplifies the creation and launching of AI assets on its blockchain. The network has a market cap of $3.18 billion. 5. Bittensor (TAO) Known for its machine learning models, Bittensor also provides a novel strategy to develop and distribute AI technology. Currently changing hands at $498.05, TAO dropped by 1.98% in the last seven days and was down by 12.27% this month. The platform has a market cap of $3.56 billion. 6. Ethena (ENA) Ethena is a stablecoin that offers a synthetic dollar called USDe, designed to be stable, scalable, and censorship-resistant. The price of Ethena is at $0.9963 today, with a reported 5.33% decline in the last 24 hours and a 14.61% slump over the past week. Despite the drops, Ethena rose by 58.34% this month. The network has a current market cap of $2.92 billion. 7. Worldcoin (WLD) Worldcoin is a blockchain that paves way to authenticate humans online by using iris as biometric or human verification. Trading at $2.26 today, WLD fell short by 3.86% in the last 24 hours and was down by 7.01% over the past week. The Ethereum-secured Layer 2 blockchain has a $1.84 billion market cap. 8. Avalanche (AVAX) Avalanche uses a unique consensus mechanism with the combination of classical and Nakamoto methods to achieve high throughput and low latency. Also known for its speed and scalability, AVAX also offers low transaction costs. In Summary: Next Big Crypto To Explode As the year 2024 comes to an end, crypto whales and buyers are monitoring the next big cryptocurrencies to explode. Hyperliquid (HYPE), Pudgy Penguins (PENGU), Virtuals Protocol (VIRTUAL), JetBolt (JBOLT), Bittensor (TAO), Ethena (ENA), Worldcoin (WLD), and Avalanche (AVAX) are the leading coins to break out, driven by their distinctive attributes and superb blockchain performance. Interestingly, this new altcoin JetBolt (JBOLT) is getting noticed by whales and buyers with its zero-gas technology and presale success of selling over 200 million tokens since launch. With other gripping features, JetBolt is making quite an impression in the highly competitive crypto world. What are the trending crypto coins with massive potential? According to the latest blockchain trends and developments, here are the trending crypto coins with massive potential: Hyperliquid (HYPE) Pudgy Penguins (PENGU) Virtuals Protocol (VIRTUAL) JetBolt (JBOLT) Bittensor (TAO) Ethena (ENA) Worldcoin (WLD) Avalanche (AVAX) However, as the cryptocurrency market is highly volatile, practice due diligence by researching before making any decisions related to cryptocurrency. What crypto is best to buy now? JetBolt (JBOLT) is the best crypto to buy now with its zero-gas technology, by leveraging Skale, it reduces the burden cost of gas fees. With its spectacular features including lightning-fast transactions, curated blockchain news and insights based on market sentiment, and Web3 Wallet, JetBolt makes an all-out convenient experience for its users in the fast-paced world of crypto. Read more about JetBolt by visiting its official website. This article does not provide financial advice. Please note that all cryptocurrencies are susceptible to high degrees of volatility, and the crypto market is unpredictable. Always remember to conduct thorough independent research before trading cryptocurrency. Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here . The Coin Rise