Tag: Lark Davis

Up to a 370% Rally for Explosive Altcoin Polygon (MATIC) Inevitable, According to Crypto Trader Lark Davis

by Dailyhodl

Cryptocurrency trader Lark Davis is expecting more massive gains from a layer-2 Ethereum (ETH) solution that’s coming off a breakout year.

Davis tells his 479,000 YouTube subscribers that multi-chain scaling solution Polygon (MATIC) has a lot going for it as “the premier side-chain for Ethereum.”

The trader is especially impressed with Polygon’s recent growth.

“Of the129 million accounts that have used Polygon over the last eight months, only 15% have addresses on Ethereum.

That means 85% of the new Polygon users are Polygon natives.”

Davis also says that Polygon’s low fee structure is taking market share away from Ethereum in the non-fungible token (NFT) arena.

“If you’ve ever tried to buy an NFT on Ethereum you know it can be a painful process. If you’ve ever tried to claim an NFT drop on Ethereum you know it’s a very expensive process.

We’ve seen Polygon really picking up in the number of NFTs sold. We can see from July, when we had 50,000 Polygon-based NFTs sold, to now where we have… 1.99 million NFTs sold in the month of December on Polygon on OpenSea.

That’s absolutely massive, massive growth for the Polygon ecosystem.”

The trader also notes that other blockchain-based projects are moving over to the Polygon network.

“In the last year, we’ve seen: Aave, which is one of the biggest DeFi [decentralized finance] protocols, OpeaSea, the biggest NFT marketplace, [and] The Sandbox, which is one of the biggest metaverses.

All this stuff coming over to Polygon because it’s a great user experience.”

The crypto host wraps up his MATIC analysis with a bold price prediction.

“I believe that a $10 MATIC is inevitable. I think it’s going to come. I think it’s going to happen. It’ll be glorious…

Looking at the network statistics, I’m seeing a network that’s taking off in a serious way. Users are piling in. Money’s piling in. Developers are piling in. Tokens are going to be burned.

$10 is coming. MATIC will be a top-10 coin by the end of the year is my prediction.”

The 14th-largest digital asset by market cap went on an epic run in 2021, rising from $0.03 to an all-time high of $2.92 on December 26th and finishing the year above $2.50.

Polygon is up 1.02% on the day, currently trading for $2.13.

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Here Are Seven Reasons Why the Crypto Bull Run Will Extend Well Into 2022, According to Trader Lark Davis

by Dailyhodl

Popular crypto analyst Lark Davis thinks the Bitcoin (BTC) and overall crypto market bull run will extend well into 2022.

Davis tells his 779,600 Twitter followers that he has seven reasons why he’s optimistic about a price surge next year.

First, he thinks it’s likely that US regulators will approve a Bitcoin spot exchange-traded fund (ETF) in 2022. The Securities and Exchange Commission recently delayed decisions on Grayscale and Bitwise’s Bitcoin ETF applications.

Davis believes the market will remain bullish until the release of a full-fledged Bitcoin ETF, and then it will turn bearish.

“For reference, gold had a strong rally before the spot ETF was approved, followed by a year of down prices, followed by [a] multiyear mega rally.”

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Source: TheCryptoLark/Twitter

The analyst also notes that cycles are getting longer, meaning the current cycle’s likely top will happen sometime in 2022.

Additionally, Davis says upcoming major upgrades to Ethereum (ETH) could contribute to the overall bull market.

“Of particular importance is the move to proof of stake, triple halving, and limited sharding roll out which could 3 or 4 X TPS on ETH.

ETH remains the king of smart contracts, so what happens there has implications for the whole market.”

Other up-and-coming smart contract platforms will also play a role, according to the analyst.

“Polkadot and Cardano are coming online which will draw in even more money to the market. Avalanche, Polygon, ETH L2, and Solana will continue to grow.

These chains are just getting started. Plus all the major chains have committed billions in ecosystem incentives.”

Davis notes that well-established brands are jumping into the non-fungible token (NFT) space in droves, arguing that NFTs will be “a first access point for millions into crypto.”

He also says that gaming and metaverse tokens are just on the verge of breaking out in a huge way.

“Gaming will bring in tens of millions or more new users.

The metaverse is a future multi-trillion-dollar industry. It is hard to convey how big this will be, and we have a lot of game and metaverse launches in 2022.”

Lastly, Davis argues that big investment money is just starting to funnel into crypto.

“Big money starting to figure out that this is the best tech investment class of this decade. Plus with inflation running rampant crypto is a no-brainer.

Yet, most are still on zero, but it won’t stay that way! We already are seeing many multi-hundred million dollar fundraisers.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Here Are the Top Crypto Assets To Own As New Month Arrives, According to Crypto Trader Lark Davis

by Dailyhodl

Popular crypto trader Lark Davis is naming five altcoins that he thinks can print huge gains amid sustained fundamental developments.

Davis tells his 448,000 YouTube subscribers that he’s looking at EGLD, the native asset for the high throughput blockchain project Elrond. The analyst cites the news that Elrond’s Maiar decentralized exchange (DEX) is launching next month.

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“Elrond is basically Ethereum 2.0. But now, its got all the beautiful technology, and this is a coin that has been just continuing to get attention and grow community, and they are on the verge of launching their technology into the wild and actually having a DeFi (decentralized finance) ecosystem and a token ecosystem and launch pads and all that stuff starting.”

According to Davis, the Maiar DEX signals the beginning of a good DeFi ecosystem for Elrond.

Next on Davis’ list is DOT, the native token for the interoperable blockchain Polkadot. The trader points to the fact that Polkadot’s parachain auctions are scheduled to start on November 11th.

“We’re going to see a lot of money flowing into these parachain auctions.”

The parachain auctions allow participants to place bids on a project they wish to support in order to secure one of Polkadot’s limited number of parachain slots.

Davis is also keeping a close watch on MOVR, the utility token of smart contract protocol Moon River Network. The analyst says there’s an “incredibly big community” behind the project.

He also notes that automated market maker SushiSwap is about to be integrated with Moonriver.

“We’re starting to see a lot of DeFi protocols and stuff like that come on board to Moonriver. So this is basically Ethereum, but on Kusama…. except that it’s not even at a $1 billion market cap yet. Think about how crazy that is.”

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Next on Davis’ list is WILD, the native token for Wilder World, a decentralized metaverse project built on Ethereum (ETH).

Says the trader,

“This thing, I’m telling you – it’s going to have a $1 billion market cap… potentially a multi-billion dollar market cap coin when you actually look into the graphics and the metaverse and what’s being built here. It is very nice looking.”

The last coin on the trader’s radar is LUNA, the native token for the smart contract platform Terra. The analyst predicts LUNA will surge to more than $100, citing reports that more than 160 projects will launch on Terra in the near future.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Here’s Why 2022 Will Be Insane for Bitcoin, According to Crypto Trader Lark Davis

by Dailyhodl

Widely followed crypto trader and market analyst Lark Davis believes that Bitcoin (BTC) is shaping up for explosive growth next year.

In a new video, Davis tells his 444,000 YouTube subscribers that recent Bitcoin accumulation by long-term holders indicates that 2022 “may be more bullish than anyone can possibly imagine.”

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Looking at a chart shared by on-chain analyst Willy Woo, Davis takes a look at how peaks in long-term holder accumulation often precede price rises.

“What do all those massive accumulation periods have in common? They came just before dramatically big rallies.

You know what’s just happened? Accumulation for the long-term holders here just hit a peak. We are at peak accumulation right now. Do you understand how crazy that is? We are almost about to hit a new all-time high price.

Every time before when we’ve had these big price blowouts has been when long-term holders are getting out of the markets.”

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Source: Willy Woo/Twitter

“What’s interesting is that we have completely recovered from [the recent] dip. We are now entering into accumulation discovery. That indicates to me that the market is getting ready for a massive period of expansion.

Because remember, this is a complete anomaly what we’re looking at right now, which means that 2022 is probably gonna be totally freaking crazy, because every time we’ve hit an accumulation peak like this before has been in a very, very bearish period.

Yes, we’ve had our very bearish period. And now what? Now we’re getting ready for the next major run-up.”

The crypto analyst thinks that Bitcoin sentiment will remain positive not just next year, but throughout the decade.

“We are in a period of enhanced buying. Everybody wants to get on the train right now. Everybody’s looking, going, ‘Holy cow, this is real, it’s actually going to happen. Bitcoin’s going to 100k, 200k, 300k, 400k… It’s going to 500k, maybe even a million bucks by the end of the decade.’

2022 is going to be a good year. Really, I’d like to add onto that, this decade is gonna be a damn good decade.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Crypto Trader Lark Davis Says Ethereum Is a ‘Ticking Time Bomb’ for This One Reason

by Dailyhodl

A popular crypto analyst is giving investors a reason why they should not give up on Ethereum (ETH) despite its recent struggles.

Lark Davis tells his 540,000 Twitter followers that even though ETH has seen a decrease of 23% from its 30-day high, its price should skyrocket because the token’s supply is dwindling on exchange platforms.

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Davis tweets,

“There are around 3 million less #ethereum on exchanges now compared to when the price was at an all-time high. Wow! This market is a ticking time bomb!”

An asset’s exchange reserve is the number of tokens present in all wallets on centralized exchange platforms.

Davis’s remarks come on the heels of Ethereum activating its London hard fork earlier this year, which among other things, implemented a deflationary mechanism that burns ETH based on how many transactions are being processed by the network. So far, over $1 billion of ETH has been burned using this method.

According to Viewbase, Ethereum has seen nearly 170,000 tokens disappear from exchange platforms in the last seven days, with a total of 1.17 million tokens burned over a 30-day span.

Ethereum is exchanging hands at $3,012 at time of writing, according to CoinGecko.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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This Surging Altcoin Is Primed to Ascend Higher, Says Crypto Trader Lark Davis

by Dailyhodl

A popular crypto trader thinks one particular cryptocurrency is primed to continue its major run-up.

In a new YouTube video, crypto trader and market analyst Lark Davis tells his 417,000 subscribers that he is eyeing the smart contract platform Terra (LUNA) as a major contender for the next leg of the bull run.

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Lark says that the platform has come a long way in the rankings by simply staying focused on highly desirable applications.

“The important thing is building things that people want, and this is what Terra has managed to do.

Now it’s actually very, very impressive because the Terra asset, LUNA … at the time of recording this video, was number 22 on CoinGecko. Now it has managed to rise up to be … a top-22 coin, with really only three applications on the entire blockchain.”

The three applications Davis refers to are the crypto lending protocol Ankr (ANKR), synthetic stock trading platform Mirror (MIR) protocol, and mobile payments app Chai.

Davis also highlights a unique feature of LUNA’s native algorithmically pegged stablecoin, UST. The feature requires LUNA tokens to be burned from supply when new UST is minted.

“What happens when we have dozens of applications – all these DeFi protocols that are hungry for that UST stablecoin, and people keep burning up LUNA in order to get more UST.”

In a Twitter thread, Davis concludes his bullish thesis by covering the upcoming update to the Terra ecosystem, dubbed “Columbus 5.”

“Now let’s talk Columbus 5, a major upgrade underway which will:

– Burn all seignorage (more Luna burning)

– Pay more to stakers 

– Cosmos IBC integrations

Terra’s Wormhole upgrade will bridge Terra to Ethereum, Solana, and Binance Smart Chain. 3 of the top 5 chains by TVL [total value locked].

Assuming this and more of the same from Terra and I think the price will go much higher.”

At time of writing, Terra is trading at $29.40 and has a market cap rank of 15 on CoinGecko.

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Source: Lark Davis

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Ethereum Is the ‘Greatest Trade,’ Says Macro Analyst Raoul Pal – Here’s Why

by Dailyhodl

Macro analyst and former Goldman Sachs executive Raoul Pal says that Ethereum (ETH) presents one of the best trading setups he has ever seen.

In a new interview, Pal says that ETH is shaping up to be the “greatest trade” as changes in Ethereum’s fundamentals work to greatly reduce the available supply of the second-leading cryptocurrency.

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“I released Global Macro Investor last Monday or Monday, there was an article buried there, It was about six pages long and it was entitled, ‘The Greatest Trade,’ and it’s just Ethereum. I think [there’s] a better setup in Ethereum … than March 2020 was for Bitcoin…

Basically, there’s 13% of all the free float of Ethereum available. Everything else is being staked, locked and hoarded. They’ve just made the supply more difficult. The supply is lower. The Ethereum that is in free float is falling every day. And now we’ve just got the 1559 token out of the way. Most people are going to start staking the [ETH] they hold, and there’s no [ETH] available, and demand is going exponential. Exponential demand meets fixed supply equals exponential price rise. One of the best setups I’ve ever seen.”

Pal is referring to the recently launched EIP-1159 update, which introduces a fee-burning mechanism to the Ethereum network. With the upgrade, a certain percentage of fees is burned or removed from the system each time a transaction is processed.

Over 11,982 ETH, worth $37 million, has been burned at time of writing.

Just after EIP-1159 went live, prominent crypto trader Lark Davis told his 437,500 Twitter followers that he expects the daily supply of Ethereum to be cut in half.

“EIP 1559 went live today. More than 3,000 ETH has been burnt. Making us on course to burn around [6,000] to [7,000] ETH in the first 24 hours.

12,000 ETH will be mined today. This is about a 50% supply flow reduction, and we are still waiting on major wallets to upgrade.”

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Davis is also looking at another approaching Ethereum update that he says can have a significant impact on ETH’s supply. The trader highlights the upcoming merger between the Ethereum mainnet and the beacon chain, which will mark the protocol’s shift from proof of work to proof of stake.

Lark says that the update can massively reduce the daily emission of ETH.

“Ethereum, as part of the merger from proof of work over into proof of stake, is going to undergo a 90% reduction in daily emission. Basically, we’re going to go from 12,800 Ethereum block rewards every day down to around 1,280 Ethereum a day, basically dropping the annual inflation rate from around 4.3% down to 0.43%. That’s a 90% reduction.”

The update, which is expected to happen this year, will enable ETH staking and signal the end of mining activities in the Ethereum network.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Bitcoin Eyes for Bigger Move, says Market Analyst

by Blockchain News

Bitcoin (BTC) gained some momentum over the weekend after dropping to the $32K level. The leading cryptocurrency was up by 2% in the last 24 hours to hit $34,371 during intraday trading, according to CoinMarketCap. 

Market analyst Lark Davis believes that Bitcoin is eyeing a big move because volatility will soon go through the roof. He explained:

“Volatility is coming! Bollinger bands width approaching the massive lows that indicate a big move. Basically a ticking time bomb at this point.”

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Meanwhile, on-chain analyst William Clemente III echoed these sentiments. He noted:

“It’s official (see shaded orange), Bitcoin is entering its first major volatility squeeze since the one that pushed the price down off ATHs in April and the one that propelled us into the bull run in July 2020. Not a common occurrence.”

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Bitcoin has lacked considerable energy to push it out of the $30-40K range for more than two months recently after the plunge from an all-time high (ATH) of $64.8K recorded in mid-April. 

As a result, the crypto community has been waiting with bated breath to see its next move.

Bitcoin supply on crypto exchanges drops

Bitcoin has been leaving exchanges in droves, as recently revealed by crypto analytic firm Santiment. 

Therefore, BTC has been finding its way into cold storage, which signifies a holding culture. This is a bullish sign because it reduces the chances of a considerable amount of Bitcoin being sold off, which could drive its price down based on market forces. 

As Bitcoin continues eyeing a clear direction outside the $30K-40K range, whether the speculated big move will happen sooner than later remains to be seen. 

Meanwhile, the amount invested by institutions and corporates in the Bitcoin market is a small per cent of their total cash reserve. Notably, there are around 41,000 publicly traded companies globally, of which less than two dozen have taken positions in Bitcoin.

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One of the Year’s Top Altcoins Set To Soar 230%, Says Crypto Trader Lark Davis

by Dailyhodl

Crypto trader and investor Lark Davis is eyeing massive gains for one large-cap altcoin.

Davis tells his 386,000 Twitter followers that layer-2 Ethereum scaling solution Polygon (MATIC) is set to accelerate its upward ascent.

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“$5 MATIC is coming, will carve off some more profits there!”

MATIC is up over 7,000% since June of 2020, but evidently Davis thinks gains of over 200% are still in the cards for the popular coin.

This week, Davis also revealed his updated investment portfolio. Davis holds the majority of his portfolio in Bitcoin, Ethereum, and USDC.

30% of the trader’s portfolio is in a variety of altcoin projects.

Of the altcoins that Davis holds, his top five investments are smart contract platform Polkadot (DOT), MATIC, scalable blockchain platform Elrond (EGLD), cross-chain liquidity solution RAMP and decentralized derivatives platform Injective (INJ).

In a separate tweet, Lark reveals he also owns Cardano (ADA), but it is not in his top five altcoin holdings.

Davis also holds 10% of his portfolio in the traditional stock market and 3% in gold and silver.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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These 5 Altcoins Will Likely See Big Gains in June, According to Trader Lark Davis

by Dailyhodl

Crypto trader and analyst Lark Davis is spotlighting five altcoins that he believes have the potential to moon this month.

The first crypto asset on his list is the layer-2 Ethereum-scaling solution, Polygon (MATIC), which has survived the latest market correction fairly well in comparison to other assets.

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“Holy cow polygon has just been roaring over the last few months… I think the gains train for Polygon has not finished… Right now you’re looking at a situation where we could still see it get up to $10 per MATIC token which is obviously great gains potential.”

Davis points out that Polygon just flipped Binance Smart Chain in terms of daily transactions, and many major decentralized finance (DeFi) platforms are making their way over to Polygon, adding significant value to the chain.

Next on Davis’ list is decentralized video streaming platform Theta Network (THETA), which is rebounding well after the massive market dip.

“We’ve got some very big catalysts coming up for the Theta Network in the month of June. The first one is the ThetaDrop Marketplace coming in June… The ThetaDrop marketplace is a non-fungible token (NFT) marketplace coming to the Theta Network which will be able to integrate with its different products…

NFTs are a massive advancement in digital ownership so Theta bringing in a marketplace for NFTs is big news and potentially a big price catalyst.“

In addition to its new NFT marketplace, Theta 3.0 is nearing mainnet along with Theta Fuel (TFUEL) staking opportunities. TFUEL is the operational token of the Theta Network and Davis notes that investors could make a bet on that token as well as the THETA token.

Next up is Ethereum competitor Cardano (ADA), which is beginning to test its long-awaited smart contract functionality.

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“We have been waiting years for smart contracts. It’s been crazy… Better late than never but you have to keep it real that the introduction of smart contracts onto Cardano – that’s going to be a big catalyst for this blockchain. I think in the run up to the launch of those smart contracts, the price is going to continue to rally as people get more and more excited about the launch of Cardano’s full ecosystem finally coming into play.”

Finally, Davis mentions two tokens that will launch in the near future. The first is derivatives trading protocol Vega. The decentralized derivatives network is a huge market, the majority of which will likely exist on the blockchain in a decentralized manner, adds Davis.

The other upcoming launch Davis is eyeing is Formation, a cross-chain risk smart farming protocol. The protocol allows users to stake money to farm rewards in the native Formation currency. Formation spreads out one’s capital in order to earn crypto holders the highest returns across multiple blockchains.



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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Bitcoin (BTC) $ 27,107.26 0.35%
Ethereum (ETH) $ 1,675.74 0.13%
Litecoin (LTC) $ 66.45 0.02%
Bitcoin Cash (BCH) $ 235.38 0.15%