The cryptocurrency trader Lark Davis lists Ethereum and two altcoins among his top investment picks for 2022.
Davis tells his 475,000 YouTube subscribers that Ethereum and two altcoins will “make good returns for investors” next year.
In the case of Ethereum, the crypto trader and analyst says that it is the second largest digital asset after Market capitalization could reach a five-digit price in 2022.
“I believe Ethereum will be a five-digit asset and we could see $ 20,000 Ethereum before this cycle finally rolls over and dies.”
Ethereum is trading at $ 4,083 at the time of writing.
Several catalysts support the bullish case for Ethereum, according to Davis.
“We have layer two scaling solutions that are exploding for Ethereum …We have the step to Proof of stake for Ethereum. That is incredibly massive. We’re moving from Proof of workthat is terribly inefficient, to a proof of stake that will fundamentally change profitability Ethereum…
Then we have triple halving. As part of the transition to proof-of-stake, the annual emissions of newly created Ethereum …
Ethereum will go deflationary next year. It will only go under. In the next, probably five to ten years, we’ll be back below 100 million Ethereum. ”
The supply of Ethereum is currently 118.87 million.
Next comes Elrond (EGLD), a scalable Blockchain-Platform that is suitable for business. Among the factors contributing to Davis’ optimistic stance on Elrond is the growing activity on the blockchain platform, aided by the launch of products like the Maiar (DEX) decentralized exchange, which is similar to Ethereum-based decentralized exchanges Uniswap (UNI).
“It is finally coming to life, which I think is a very exciting time and moment for Elrond. We finally saw how they started their Maiar exchange … kind of like the Uniswap from Elrond, where you now have USDC (USD Coin), the Elrond token …
We also have exchange support from centralized exchanges for Elrond’s standard tokens. “
Elrond is trading at $ 267.73 at the time of writing.
Next comes Polygon (MATIC), developed a scaling solution for Ethereum to enable the widespread adoption of decentralized apps. Davis says the factors that make him optimistic about Polygon are increased usage and growth-oriented acquisitions.
“Polygon will now burn away a bit of MATIC. For the price of Polygon, that’s absolutely awesome in the long run. The users are increasing faster than ever, new acquisitions and more apps are coming. I am optimistic about Polygon. It will be 10 US dollars, just a matter of time. “
Polygon is trading at $ 2.61 at the time of writing.
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Source: Crypto News Deutsch