Polygon has demonstrated impressive resilience, recovering from a 54% drop in mid-March. Analyst Cheeky Crypto has been buying MATIC during these dips, anticipating significant future gains. He sets a long-term target for Polygon at $77, suggesting a potential 10,000% increase.

Another layer 2 solution on his radar is Arbitrum. Despite a 64% decline from January to April, the analyst views Arbitrum as a crucial scaling solution for Ethereum. Cheeky Crypto believes that with Ethereum’s anticipated price surge, Arbitrum will see significant demand, projecting its price to reach $4 to $6 in the short term.

Additionally, Cheeky Crypto discusses his investment in Solana for his retirement portfolio. He sees a promising future for Solana, especially with the impending launch of the Ethereum ETF. Despite a 44.8% price drop, the analyst remains optimistic about Solana’s long-term growth, targeting a potential move to $245 to $314.

The analyst’s insights point to a bullish outlook for Ethereum and its layer 2 solutions. Investors are encouraged to monitor these assets closely and consider strategic entry points for maximum gains.