The popular cryptocurrency channel hosting Coin Bureau says the Ethereum scaling solution could grow 200% by the end of the current bull cycle.
Analyst Guy said Polygon (MATIC) could grow 2-3 times or more if it is on the right track.
“If you’re wondering how far MATIC might go before this bull market ends? According to the most conservative estimates, it is 2-3 times more.
Due to the huge market capitalization of MATIC, further growth is unlikely.
However, MATIC can take another big step, but it still depends on the Polygon roadmap. ”
Polygon’s roadmap was recently unveiled by MATIC co-founder Sandeep Nyllwall and identified five milestones to achieve with a Layer 2 scaling solution.
These milestones include the implementation of the Avail Side Chain, the Nightfall ZK Rollup scaling solution, an unnamed optimistic scaling solution, the introduction of dedicated sidechains for Ethereum, and the introduction of enterprise sidechains.
Avail Side Chain is a versatile, scalable blockchain with a focus on data availability, targeting independent chains, sub-chains and off-chain scaling solutions. ”
Roll-ups are solutions that execute transactions outside the Ethereum chain, but record transaction data, including an optimistic rollup and a zero knowledge (ZK) rollover. Optimistic Rollup automatically assumes that transactions are valid while ZK Rollup performs off-network computation and then sends verification reports.
According to Guy, the Polygon team intends to complete these additions early next year.
MATIC is trading at $ 2.07 at time of publication, down more than 5% in the past 24 hours.