Popular crypto analyst Lark Davis, known for his uncanny ability to sniff out market trends, predicts a massive bull run is just around the corner. Davis, a seasoned expert with a proven track record, believes the crypto industry is on the cusp of a massive upswing fueled by a surge of institutional money.
But what exactly is propelling this potential boom? Let’s find out.
Bitcoin to Hit $100K by August?
In a recent video, Lark Davis analyzed Standard Chartered Bank’s prediction that Bitcoin may hit $100,000 by August. He’s excited but thinks $90,000 by year’s end is more realistic. Davis warns that releasing Bitcoin from Mt. Gox and US and German government purchases could cause market instability. However, he highlights large Bitcoin ETF inflows in the coming days will overcome this sell-off pressure.
While all this sounds too much, the market must first break past $72K and get strong buyer support, likely in Q4. If $150K happens, it could significantly drive up the overall altcoin market.
Ethereum Price
Moving on, he shared his views on Ethereum; Davis predicts that as the bull market peaks, various investors, including regular investors, institutions, wealth managers, pension funds, and even countries, will pour billions into newly approved ETH ETFs daily, driving prices up. He urges investors to watch ETF developments as a catalyst for Ethereum’s price action.
Here are Davis’s Other Altcoin Picks
Solana (SOL)
Davis is bullish on Solana, citing its market strength and momentum. He believes it is currently one of the leading projects, significantly ahead of other cryptocurrencies in terms of hype and development.
Base
Davis supports the Base thesis, highlighting its strong market position. He mentions the potential of meme coins on the Base network, suggesting it could be a significant driver for future growth.
Avalanche (AVAX)
While he acknowledges that Avalanche isn’t receiving as much hype as Solana or Base, he remains bullish on its long-term prospects. He believes Avalanche is one of the more hyped projects when looking further afield despite the current market challenges.
Polkadot (DOT)
Next up, he is optimistic, as is Polkadot, who has partnered with the project for educational content. He appreciates its use cases in real-world assets and AI. Despite the controversy surrounding Polkadot’s treasury spending, he remains supportive and transparent about his collaboration with them.
Helium (HNT)
He finds Helium interesting and acknowledges its potential, though he doesn’t follow it closely. His interest stems from its unique approach to decentralized wireless infrastructure.
Rweave (AR)
Although he doesn’t follow Rweave closely, Davis finds it notable enough to mention, indicating a certain interest in its decentralized storage solutions.
Fetch.ai (FET)
He mentions a merger involving Fetch.ai, indicating its potential in the AI sector. He sees the partnership as promising, though he doesn’t provide specific price predictions.
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Also Read: Bittensor Wallet Breach Results in $8M Loss, TAO Token Drops 15%
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