Crypto trader and analyst Lark Davis is naming four digital assets that he predicts will appreciate substantially in July.
Davis kicks off his list with Bitcoin, telling his nearly 400,000 YouTube subscribers that the flagship cryptocurrency could be ready for a major rally.
[adinserter block="1"]“…Bitcoin is number one on our list to watch in the month of July. Bitcoin could be getting ready for a big move.”
The trader, however, points out that Bitcoin is unlikely to pull off an explosive rally in a short period of time.
“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 names Ethereum as the second cryptocurrency that could see huge gains in July, driven by catalysts such as the upcoming London upgrade which is expected to make improvements to its transaction fee system.
“Ethereum has some very big catalysts coming up in the month of July…
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 says Cardano (ADA), which is on track to launch smart contracts this summer, is the third cryptocurrency on the list.
[adinserter block="1"]“Cardano is about to enter the smart contract era finally. This means that Cardano is really going to be able to start doing stuff…
All of that stuff is going to really explode when we have smart contracts coming in. Because that is then going to mean that we’re going to have liquidity aggregators, decentralized exchanges, NFT marketplaces, places to do borrowing and lending, automated market makers…”
Last but not least, Davis says he remains “very bullish” on one of the most explosive coins of the year.
Polygon (MATIC) has witnessed rapid adoption in recent months, with traders increasingly utilizing the network thanks to its inherent speed and low transaction fees. The protocol is a blockchain scalability platform designed to create a multi-chain ecosystem of Ethereum-compatible blockchains.
Although Polygon has surged from $.017 at the start of 2021 to its current price of about $1.13 – a 6,500% increase – Davis says the asset has plenty of room to grow.
“I think that the Polygon run is far from being over and that we will see this asset continue higher over the rest of the year because the value proposition is so clear – use all of your favorite Ethereum applications for like a thousandth of the price.”
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