Coin Bureau crypto channel host Guy is revealing why he remains bullish on five major crypto assets despite recent sell-offs.
Guy tells his 1.87 million YouTube subscribers that he is unconvinced that 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 that the sixth-largest blockchain by market cap is still “technically in beta” and the launch of a mainnet is in the pipeline.
According to Guy, Solana’s mainnet could go live “around March this year”. A mainnet is a real-world ready blockchain as opposed to a testnet which is a blockchain in the testing or experimentation phase.
The Coin Bureau host also says that the second milestone Solana is set to achieve is introducing on-chain governance.
Next up is Litecoin (LTC). Guy says that Litecoin’s upcoming privacy-enhancing feature known as MimbleWimble will make LTC the world’s “most accessible cryptocurrency with privacy-preserving features”.
“This will likely create a lot of demand for LTC and lots of positive price action by extension.”
Next up is Dogecoin (DOGE). According to Guy, two upcoming Dogecoin milestones could generate hype that could boost the dog-themed crypto asset.
The two milestones are launching GigaWallet, a backend service aiming to facilitate the use of Dogecoin for payments by enterprises.
Another milestone is the launch of a software developer kit that will allow developers to build new Dogecoin-related products.
“Even though it’s unlikely that these upgrades will have any direct effect on the price of DOGE in the short term, the hype alone will probably be enough to make prices pump.”
Next up is the leading Ethereum (ETH) layer-2 scaling solution, Polygon (MATIC). The Coin Bureau host says that Polygon has dedicated resources to building additional scaling solutions for Ethereum and names two projects that could be bullish for MATIC once they come online.
“The two that are likely to create 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’s a high probability that MATIC will moon.”
Next up is the play-to-earn game Axie Infinity (AXS). Guy says that Axie Infinity’s Ethereum-linked sidechain, Ronin Network, could take its utility token RON public in early February, and this could boost related crypto assets.
“…I have a feeling that this listing will have a positive effect on all play-to-earn crypto projects and possibly NFTs [non-fungible tokens] too.”
I
Check Price Action
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/dodotone/LongQuattro
Credit: Source link
