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Lark Davis names Polygon as one of four cryptos set for massive gains in July

John KumiBy 0Edited by John Kiguru 1. July 20213 Mins Read
Kryptowährungen
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  • Lark Davis explains that the possible approval of a Bitcoin ETF could send the price of the asset to the moon.
  • He mentioned that using the Polygon network is one out of a hundredth of the price of the basic Ethereum transaction.

The crypto market is going through a boring phase. But with a new month comes new opportunity. According to a crypto influencer and Youtuber Lark Davis, four cryptos can still bring massive gains as they have some laid-out catalysts. In a video, the analysts revealed four cryptos that are likely to explode and outlined the different reasons why.

Ethereum

Ethereum, the second-largest cryptocurrency by market cap, has a big catalyst coming in July. Just recently, Ethereum London Upgrade was launched on the testnet. Davis mentioned that the much anticipated EIP 1559 which is part of the London Upgrade could send the price to a new height. 

If no major problem is encountered, there will be an upgrade on Ethereum in about two or three weeks.

The upcoming EIP 1559 will make the fee more dependable and make layer 2 integration for Ethereum better. The digital asset will also undergo a massive transformation into a deflationary cryptocurrency. In the video, he explained that the fundamental factors, both technologies, and innovations that caused its price to hit an all-time high are still in place and will propel the asset to new highs again. 

Bitcoin

According to Davis, Bitcoin could be getting ready for a big move. This will be much influenced by the recent Bitcoin Exchange-Traded Fund (ETF) applications awaiting approval from the SECs. Cathie Woode’s Ark Invest recently joined the Bitcoin ETF race. 

Read More: Ark Invest partners 21Shares to file for Bitcoin ETF 

He also mentioned that the quality of this application comes from the biggest and multi successful companies that can influence Bitcoin positively. 

Even if it takes until the end of July or August or even December, one of these companies will get approval. 

When the Bitcoin ETF gets approved, the price will explode with money flooding into Bitcoin before eventually trickling down to other assets.

Cardano

Cardano has an incredible community behind its project. It recently added 50,000 new staking addresses in just three weeks. This explains that many Cardano holders are coming on board to stake their assets. Cardano is in the Smart Contract era. This means, there will be new additions to its basic “staking ADA for ADA” use case. 

Top 4 Crypto Coins For HUGE Gains in July 2021!

The Cardano Smart Contract will see an explosion in NFTs, liquidity aggregators, decentralized finance, borrowing and lending services, and many others. This huge project is currently on the testnet, and the hype before its main launch could bring massive gains to ADA investors.

Polygon

Davis disclosed that he has been very bullish on Polygon. It has a lot of positives. Speaking to scalability and gas fees he noted “using the Polygon network is one out of a hundredth of the price of basic Ethereum transactions.” This means Polygon has a clear use case.

I did a transaction on Defi yesterday, and it cost me about 35 to 50 bucks, and It was more complicated and interactive with the Defi protocol. If you are going to send some Ether or USDC, it is cheap using the Ethereum network. However, it is going to be brutal if done with defi.

According to Davis, many Ethereum applications are integrating with polygon because it is an Ethereum compatible project. 

 

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This article is provided for informational purposes only and is not intended as investment advice. The content does not constitute a recommendation to buy, sell, or hold any securities or financial instruments. Readers should conduct their own research and consult with financial advisors before making investment decisions. The information presented may not be current and could become outdated.

John is a seasoned cryptocurrency and blockchain writer and researcher, boasting an extensive track record of years immersed in the ever-evolving digital frontier. With a profound interest in the dynamic landscape of emerging startups, tokens, and the intricate interplay of demand and supply within the crypto realm, John brings a wealth of knowledge to the table. His academic background is marked by a Bachelor's degree in Geography and Economics, a unique blend that has equipped him with a multifaceted perspective. This diverse educational foundation allows John to dissect the geographical and economic factors influencing the cryptocurrency market, offering insights that go beyond the surface. John's dedication to the crypto and blockchain space is not merely professional but also personal, as he possesses a genuine passion for the technologies that underpin this revolutionary industry. With his astute research skills and commitment to staying at the forefront of industry trends, John is a trusted voice in the world of cryptocurrencies, helping readers navigate the complex and rapidly changing terrain of digital assets and blockchain innovation. John Kiguru is an accomplished editor with a strong affinity for all things blockchain and crypto. Leveraging his editorial expertise, he brings clarity and coherence to complex topics within the decentralized technology sphere. With a meticulous approach, John refines and enhances content, ensuring that each piece resonates with the audience. John earned his Bachelor's degree in Business, Management, Marketing, and Related Support Services from the University of Nairobi. His academic background enriches his ability to grasp and communicate intricate concepts within the blockchain and cryptocurrency space. Business Email: info@crypto-news-flash.com Phone: +49 160 92211628

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