Cryptocurrency

Experienced Trader: I’m Bullish On Bitcoin And These 2 Altcoins!

Recognized crypto trader and expert Lark Davis has announced 2 new altcoin projects where he expects greater potentials. Stating that he is on the bull side, despite being 50% behind Bitcoin’s ATH, the analyst explains that he continues to expect a rise from the leading crypto money. Transferring his assumptions in a short list, Davis has BTC in the first place.

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Lark Davis chooses Bitcoin before altcoin projects

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Bitcoin, which spent over $ 34,000 at the time of writing, serves different purposes other than being just an investment tool, according to analyst Lark Davis. The analyst’s explanation on the subject and the purpose of BTC is in the following form:

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…My thesis on Bitcoin has not changed. I still believe Bitcoin is gold 2.0, inflation hedge, fantastic, scarce asset. I still think Bitcoin will cost hundreds of thousands of dollars at some point.

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Analyst remains optimistic about Ethereum

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Ethereum, the first altcoin project Davis expected to rise, performed better this year compared to Bitcoin. At the same time, the market’s largest smart contract platform. Therefore, while explaining that he is optimistic for ETH, the analyst lists the reasons as follows:

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There are so many catalysts: Proof of Stake (PoS), ETH 2.0, DeFi, NFT, EIP-1559 and much more, just as a developer, and with all that; I’m a great, great bull on Ethereum.

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Before going to the last name of the list, Ethereum is rapidly trading above $2,100 at the time of writing. While the President altcoin did not show any activity during the day in the calm market, it decreased close to 7% in 1 week. In addition, Cryptocoin. com

As previously reported, a veteran crypto analyst also has an interesting scenario where he sees a drop to $1,850 if ETH breaks the $2,000 reinforcement. However, ETH is currently moving well above these levels. Davis’ next name is one of the talented altcoin projects.

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Davis’ last choice is DOT

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After Bitcoin and Ethereum, Davis points to a major altcoin as another cryptocurrency that continues to rise despite the lackluster state of the markets. According to the analyst, Polkadot (DOT) has several valuable bullish fundamentals working in its favor, including Canary Network Kusama (KSM), which will launch parachain auctions alongside its own auctions. The analyst’s comments on Polkadot take the form:

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I was still very optimistic about the future of Polkadot. Now we see the Kusama parachains really starting, and it’s actually a great upswing, because if you look at what’s happening for Kusama – and I think now over 10% of Kusama’s total supply is tied to these parachain auctions – which, in my opinion, is bullish for future Polkdadot parachain auctions. obvious.

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