Popular trader and crypto analyst Lark Davis recently talked about four cryptoassets that he believes are poised to make big gains in the month of July.
Speaking in a recent YouTube video, Davis told subscribers he was bullish on Bitcoin. Davis said Bitcoin was “number one” on his watch list for the coming month and said the cryptoasset was “getting ready for a big move.”
However, Davis cautioned followers that Bitcoin’s price movement would likely be steady, rather than occurring in a single explosive rally.
As reported by The Daily Hodl, Davis said,
At a $650 billion dollar market cap, don’t expect Bitcoin to pull a 20x overnight or something like that. But we could see a pretty good move in the month of July for Bitcoin.
Davis was also bullish on Ethereum for the coming month, saying the second-largest cryptoasset by market capitalization was on track for huge gains. Davis noted Ethereum’s forthcoming London upgrade as a catalyst for the price and an improvement on transaction fees.
So we’re going to see some upgrades coming into Ethereum in about two or three weeks. The Ethereum London fork that’s coming up represents a major milestone in that forward-thinking innovation for Ethereum.
Davis predicted Cardano would also have a strong rally due to the upcoming launch of support for smart contracts. Davis claimed that smart contracts would allow Cardano to “explode” in the territory of decentralized exchanges, NFT marketplaces, and borrowing and lending.
The popular trader rounded out his top selections with Polygon, saying that MATIC’s price run was “far from being over.” Davis said Polygon’s appeal was allowing users access to their favorite Ethereum applications for “a thousandth of the price.”
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.