Coin Bureau Lists Reasons To Be Bullish On SOL, LTC, DOGE, MATIC & AXS
Coin Bureau list reasons to remain bullish on five major crypto assets – Solana (SOL), Litecoin (LTC), Dogecoin (DOGE), Polygon (MATIC) and Axie Infinity (AXS) – despite recent corrective phase in the crypto market.
The host of the popular Coin Bureau crypto YouTube channel, Guy, shared with their 1.87 million YouTube subscribers that he believes that the bull market is over yet, and that there are “upcoming crypto milestones that could be a catalyst for a massive reversal.”
Solana (SOL)
Guy kicks off with Solana and says that it is still “technically in beta” and the launch of a mainnet is in on the way.
Solana’s mainnet could go live “around March this year”, the analyst speculates. A mainnet is a real-world ready blockchain, while a testnet is a blockchain in the testing or experimentation phase.
Another anticipated milestone for Solana is to achieve is introducing on-chain governance, Guy points out.
Litecoin (LTC)
Looking into Litecoin’s upcoming milestones, Guy points out that 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.”
Dogecoin (DOGE)
According to the crypto analyst, Dogecoin has two upcoming milestones that could build up enough hype to boost the dog-themed digital asset.
The first is the launch of GigaWallet, a backend service with the purpose to facilitate the use of Dogecoin for payments by enterprises.
And the second 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.”
Polygon (MATIC)
Guy has also high expectations for what’s coming to Ethereum (ETH) layer-2 scaling solution, Polygon (MATIC). The project 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.”
Axie Infinity (AXS)
According to Guy, Axie Infinity’s Ethereum-linked sidechain, Ronin Network, could possibly 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.”
