Cryptocurrency Analyst and Dealer Ivan Liljeqvist unveiled the 5 altcoins he believes will explode within the subsequent crypto cycle.
Popularly know as Ivan On Tech in his newest video says that, Despite the fact that Binance Good Chain has taken over the market within the month of February, Ethereum isn’t going to again down. Ethereum based mostly layer 2 scaling options may obtain a robust foot within the subsequent bull run part of the market.
“Ethereum is not only going to face behind and that’s what we’re witnessing proper now with layer twos…I do assume that proper now, the subsequent step will undertaking shifting from layer one on ethereum to layer 2”.
The issue with Ethereum at present is fragmentation. Layer 2 would be the resolution to this, it’ll scale back the community congestion on Ethereum by processing some operations off of the primary chain. It will allow the platform to course of a excessive quantity of transactions faster and cheaper.
Transferring additional he talks in regards to the potential of Matic and Quickswap. He compares quickswap to uniswap and believes it will witness an incredible efficiency. On the sidelines, he even mentions that his prediction on pancake swap did turn into true.
“It’s essential to check and analyze the totally different layer two options as a result of we’re going to focus on certainly one of them. It could actually both be Matic(Polygon). Matic proper now might be main the best way when you take a look at totally different tasks which might be launching on Matic. On Matic, you do have Quickswap they usually do have a solution to commerce all types of property on Matic via Quickswap, type of like Uniswap”.
He urges his viewers to examine and keep watch over different promising layer 2 options corresponding to Honeyswap and Starkware.
“ On xDAI, you guys need to strive Honeyswap(HNY), And likewise. Look out for dYdX, dYdX goes to do on Starkware, So that you see three totally different options on Ethereum: xDAI with Honeyswap, Matic with Quickswap, and dYdX, they’re doing on Starkware”.