Cryptocurrency analyst Lark Davis recently commented Cryptocurrencies may explode strongly this July.
“Bitcoin is #1 on the list of coins to watch in July. I believe Bitcoin is ready to return to the race,” crypto analyst Lark Davis shared on his personal youtube channel with more than 400,000 followers.
However, he cautioned investors not to expect too much, because Bitcoin will not be as high as it used to be.
Looking at Bitcoin’s $650 billion market cap, don’t expect Bitcoin to grow 20x overnight or rally like it did in April.
But I hope we will see more positive move in July
Second on the list is Ethereum.
Davis said Ethereum could post massive gains in July because of the upcoming worthwhile upgrades.
Month 7 will have a lot of exciting innovations to Ethereum.
Many worthwhile upgrades will be rolled out. Hard The London fork will help improve the transaction fee system. This is a milestone in the innovation of thinking for the future of Ethereum
The next coin to watch is Cardano (ADA).
Davis said Cardano is on track to launch smart contracts this summer. This is something ADA investors should keep in mind.
Finally, Cardano is also about to enter the smart contract era. This means that Cardano can really start doing a lot of other things…
Cardano will explode when it comes to smart contracts deployment. This makes a lot of sense, because with smart contracts we will have liquidity aggregators, decentralized exchanges, NFT markets, lending, automated market makers (AMMs)
Last on the list is Polygon (MATIC).
Davis says that for Polygon, he remains bullish, as it is one of the biggest boom cryptocurrencies of the year.
Recently, Polygon (MATIC) has been enthusiastically received by the crypto community. The number of traders using the network increased significantly thanks to its fast speed and low fees.
Polygon was created to solve scalability problems. It is designed to create a multi-chain ecosystem of Ethereum-compatible blockchains.
Although MATIC rose from $0.17 in early 2021 to its current price of around $1.05, the analyst asserts: “MATIC still has plenty of room to grow.”
I believe Polygon will have many more waves of growth. From here until the end of the year, we should see a rise above the current peak, because the potential is so obvious
*Note: the article is based on the author’s personal opinion and should not be considered as an investment recommendation*
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