Crypto trader and investor Lark Davis is eyeing massive gains for one large-cap altcoin.
Davis tells his 386,000 Twitter followers that layer-2 Ethereum scaling solution Polygon (MATIC) is set to accelerate its upward ascent.
“$5 MATIC is coming, will carve off some more profits there!”
MATIC is up over 7,000% since June of 2020, but evidently Davis thinks gains of over 200% are still in the cards for the popular coin.
This week, Davis also revealed his updated investment portfolio. Davis holds the majority of his portfolio in Bitcoin, Ethereum, and USDC.
30% of the trader’s portfolio is in a variety of altcoin projects.
Of the altcoins that Davis holds, his top five investments are smart contract platform Polkadot (DOT), MATIC, scalable blockchain platform Elrond (EGLD), cross-chain liquidity solution RAMP and decentralized derivatives platform Injective (INJ).
In a separate tweet, Lark reveals he also owns Cardano (ADA), but it is not in his top five altcoin holdings.
Davis also holds 10% of his portfolio in the traditional stock market and 3% in gold and silver.Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
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