The host of Coin Bureau, a popular crypto channel, says that an Ethereum scaling solution could potentially experience a 200 percent spike at the end of the current bull cycle.
Using the pseudonym Guy, the analyst has 1.7 million subscribers. Polygon (MATIC) He said he could see a 2-3x increase and possibly even achieve more if he followed the suggested roadmap.
“If you’re wondering how far MATIC can go before the bull market ends, up to 2-3x might be a conservative estimate.
MATIC’s massive market cap means it is unlikely to grow beyond this level.
However, it is still possible for MATIC to make a much bigger move, but that ultimately again depends on Polygon’s roadmap.”
MATIC co-founder Sandeep Nailwal recently unveiled Polygon’s roadmap, which defines five milestones that the layer-2 scaling solution hopes to reach in the future.
These milestones include the Avail Side Chain, the Nightfall ZK Rollup scaling solution, an anonymous optimistic scaling solution, the introduction of application-specific side-chains and enterprise side-chains for Ethereum.
According to Polygon, Avail Side Chain is “a general purpose, scalable data availability focused blockchain targeted for standalone chains, side-chains and off-chain scaling solutions.”
Rollups are solutions that execute transactions outside of Ethereum’s blockchain but save transaction data. Rollups are divided into two types: optimistic rollups and zero-knowledge (ZK) rollups. Optimistic rollups automatically assume that transactions are valid, while ZK rollups run off-chain computations and then send a validation report.
According to Guy, the Polygon team is aiming to roll out these new features early next year.
Polygon (MATIC) is trading at $2.10, up nearly 20 percent from a seven-day low of $1.77 at the time of writing.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.