As the ethereum ecosystem prepares for the long-awaited Dencun upgrade, renowned crypto analyst Miles Deutscher offers a deep look in altcoins poised for significant growth.
Scheduled for March 13, the Dencun upgrade is a critical fork aimed at improving ethereum's scalability, security, and usability. Deutscher insights reveal how specific Layer 2 (L2) solutions are uniquely positioned to benefit from the introduction of Proto-Danksharding and other key improvements.
Deutscher explains: “The Dencun upgrade, especially with EIP-4844, represents a paradigm shift in how ethereum will handle transactions. By dramatically reducing gas fees and increasing throughput, we are pursuing a more accessible and efficient blockchain.” This update is part of ethereum's broader roadmap, known as “The Surge,” which focuses on scalability improvements.
Top 6 Altcoins to Watch Before Dencun
#1 Polygon (MATIC/POL): With its impending rebrand and investment in zk technology, Polygon is at a pivotal moment. Deutscher notes: “Polygon's deep dive into zk-rollups could redefine its position in the L2 landscape, making MATIC an attractive asset for forward-thinking investors.”
#2 Arbitration (ARB): As the L2 leader by TVL and transaction volume, Arbitrum's strength is indisputable. “Arbitrum has consolidated its position as a powerhouse in the L2 space, and the Dencun upgrade will only amplify its strengths,” says Deutscher.
#3 Optimism (OP): Positioned as a strong contender in the L2 space, Optimism's ecosystem is set to expand. “The announcement of Optimism's fourth airdrop is not only a reward for its community, but a strategic move to reinforce the vitality of its ecosystem,” says Deutscher.
#4 COTI Network (COTI): With the launch of V2 and its innovative 'Fuzzy Circuits', COTI presents an innovative privacy solution. Deutscher observes: “COTI's approach to privacy on the blockchain through 'Fuzzy Circuits' is a game-changer and potentially sets a new standard for private transactions.”
#5 Mantle (MNT): Highlighting Mantle’s rapid growth, Deutscher notes: “With $1.5 billion in eth now staked as mETH, Mantle is not only growing; is thriving, supported by strategic airdrops that reward its community.”
#6 Métis (Métis): Identified as a potentially undervalued project, Metis' upcoming initiatives are a beacon for investors. “The decentralized Metis sequencer and the important METIS Ecosystem Fund are laying the foundation for a strong, decentralized future, making it an intriguing prospect after Dencun,” explains Deutscher.
Broader Implications for ethereum
Deutscher also highlights Manta Network, Starknet, zkSync and Linea as projects to watch, emphasizing the widespread impact of the Dencun upgrade. He warns: “eth/L2 trading is becoming more and more attractive as we get closer to the Dencun upgrade. “Moving a significant portion of the portfolio to the ethereum ecosystem seems prudent, given the transformative potential of the upcoming changes.”
At press time, eth was still trading just below the $3,000 mark.
Featured image from Shutterstock chart from TradingView.com
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