Guy, host of the YouTube crypto channel Coin Bureau, explains why he is soaring on the five major crypto assets despite the recent panic selling.
Guy told his 1.87 million YouTube subscribers that he’s not convinced the bull market is over and that he believes there are “some upcoming crypto turning points that could be the catalyst for a big comeback.”
Coin Bureau server, Left (LEFT) claims that the fifth-largest blockchain by market capitalization is still “technically in beta” and a mainnet/mainnet launch is in the works.
Guy predicts Solana’s mainnet will launch “around March of this year.” The mainnet is a real-world off-the-shelf blockchain, as opposed to a testnet, which is a blockchain that is still in the testing or trial phase.
The Coin Bureau host also says that the second milestone Solana is poised to achieve is to offer on-chain governance.
Ranked among altcoins whose upcoming turning points will lead to price action Litecoin (LTC) exists. Guy claims Litecoin’s privacy-enhancing feature known as MimbleWimble will make LTC the world’s “most accessible cryptocurrency with privacy-protecting features.”
“This will likely create a lot of demand for LTC and as a result initiate a lot of positive price action.”
The next altcoin Dogecoin (DOGE). According to Guy, the two upcoming Dogecoin milestones could create hype that could boost the dog-themed crypto presence.
The first major development for the original meme coin is the launch of GigaWallet, a backend service aimed at making it easier for businesses to use Dogecoin for payments.
Another milestone is the release of a software developer kit that will allow developers to create new products related to Dogecoin.
“While these upgrades are unlikely to have a direct impact on DOGE’s price in the short term, this hype alone will likely be enough to cause prices to soar.”
Next up is Polygon (MATIC), the leading Ethereum (ETH) layer-2 scaling solution. The Coin Bureau host says Polygon is dedicating resources to building additional scaling solutions for Ethereum and cites two projects that could bullish for MATIC once they’re operational.
“Two projects, Polygon Miden and Polygon Zero, are likely to generate the most demand for the MATIC token to date…
Polygon’s upcoming scaling solutions are likely to be much more secure. And once they are operational, the probability of MATIC landing on the Moon is very high.”
Last rank play-to-win game Axie Infinity (AXS) exists. Guy says that Axie Infinity’s Ethereum-linked sidechain Ronin Network may launch its service token RON to the public in early February, which could boost related crypto holdings.
“…in me all of this listing’s play-to-win crypto projects and possibly NFTs [non-fungible tokenler] I have a feeling it will have a positive impact on him.”
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.