Coin Bureau crypto channel host Guy reveals why he remains bullish on five major crypto assets despite recent sell-offs.
Guy tells his 1.87 million YouTube subscribers that he’s not convinced the bull market is over and thinks there are “upcoming crypto milestones that could be a catalyst for a massive reversal.”
Starting with Solana (SOL), the Coin Bureau host says the sixth-largest blockchain by market cap is still “technically in beta” and preparing for a mainnet launch.
According to Guy, Solana’s mainnet could go live “around March of this year.” A mainnet is a live blockchain as opposed to a testnet, which is a blockchain in the testing or experimental phase.
The Coin Bureau host also says that the second milestone Solana is set to achieve is the adoption of on-chain governance.
Next is Litecoin (LTC). Guy says that Litecoin’s upcoming privacy-enhancing feature, known as MimbleWimble, will make LTC the “most accessible cryptocurrency with privacy-preserving features” in the world.
“This will likely create a lot of demand for LTC and thereby many positive price actions.”
Next is Dogecoin (DOGE). According to Guy, two upcoming Dogecoin milestones could spark hype that could boost the dog-themed crypto asset.
The two milestones are the launch of GigaWallet, a backend service that aims to make it easier for businesses to use Dogecoin for payments.
Another milestone is the launch of a software developer kit that allows developers to create new Dogecoin-related products.
“While these upgrades are unlikely to have a direct impact on DOGE’s price in the short term, the hype alone will likely be enough to drive prices higher.”
Next is Ethereum’s (ETH) leading Layer 2 scaling solution, Polygon (MATIC). The Coin Bureau host says Polygon has committed resources to building additional scaling solutions for Ethereum, and names two projects that could be optimistic for MATIC once they go online.
“The two likely to generate the most demand for the MATIC token are Polygon Miden and Polygon Zero…
Chances are that Polygon’s upcoming scaling solutions will be much more secure. And once they go live, there is a high probability that MATIC will leave the moon.”
Next up is the play-to-earn game Axie Infinity (AXS). Guy says that Axie Infinity’s Ethereum-connected sidechain, Ronin Network, could release its utility token RON to the public in early February, and this could boost related crypto assets.
“…I have a feeling this listing will have a positive impact on all play-to-earn crypto projects and possibly NFTs [non-fungible tokens] also.”
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