After a breakout year, a prominent analyst sets a price target for 2022 for a Layer 2 scalability solution.

In a new strategy session, the YouTube channel host InvestAnswers highlights the goal of Polygon (MATIC) after the project achieved some great successes.

“I took into account some of my new Ethereum price prediction models. I took into account the new combustion mechanism EIP-1559 [trong quá trình nâng cấp London vào tháng 8].

I took the new ZK features and modifications into account [khung bằng chứng không kiến ​​thức].

From here, my new price prediction for 2022 is: the bear fall is down at $ 3.9, down from my forecast of $ 4.61 for the next year, and the bull fall is at $ 6.31. These will be crucial in determining your exit plan. ”

Source: InvestAnswers / YouTube

In the CC, one party can prove the authenticity of information to the other party without disclosing it. Cryptographers use the ZK procedure to increase the security and data protection of data.

The strategist also talks about remarkable fundamental developments that explain why he is optimistic about MATIC over the long term.

“Polygon grows in several directions. Uniswap is another company that will switch to Polygon as Uniswap has problems with gas charges and has voted overwhelmingly to switch to Polygon. ”

The Uniswap community recently voted 98.87% to implement Uniswap v3 over the Polygon network.

InvestAnswers is also tracking Polygon’s efforts to improve its pool of scaling technology in the form of a ZK rollup – potentially including hundreds of verified off-chain transactions on the main chain instantly, resulting in a very short time span.

“Two of the acquisitions they made: The first was Hermez [ZK rollup mã nguồn mở với giá 250 triệu đô la], and then they recently bought Mir Protocol [startup ZK-proof] for $ 400 million to scale its Ethereum performance.

In short, in 2022 it will be about the ZK rollup. ”

At the time of writing, the MATIC price is trading at $ 2.23. The altcoin rose from $ 0.02 a year ago to an all-time high of $ 2.7 in May.

“Polygon is a beast. It’s currently at number 14. It’s bigger than Algorand and Chainlink … It could very easily make it into the top 10 cryptos. ”

Source: TradingView

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

Follow the Youtube Channel | Subscribe to telegram channel | Follow Facebook page