Popular crypto analyst Lark Davis, known for his uncanny ability to sniff out market trends, predicts that a major bull market is just around the corner. A seasoned and proven expert, Davis believes the crypto industry is on the cusp of a massive upswing, buoyed by a surge in institutional funds.
But what exactly is driving this potential boom? Let's find out.
Will Bitcoin Hit $100,000 by August?
In a recent video, Lark Davis analyzed Standard Chartered Bank's prediction that Bitcoin could hit $100,000 by August. He's excited, but thinks it's more realistic to hit $90,000 by the end of the year. Davis warns that the release of Bitcoin from Mt. Gox and purchases by the US and German governments could cause market instability. However, he stresses that massive inflows into Bitcoin ETFs in the coming days will overcome this selling pressure.
All of this may sound far-fetched, but the market must first break through $72,000 and perhaps gain strong buyer support in Q4. Reaching $150,000 could lead to a significant upswing in the overall altcoin market.
Ethereum Price
Additionally, he shared his views on Ethereum. Davis predicts that once the bull market peaks, a variety of investors, including retail investors, institutional investors, asset managers, pension funds, and even countries, will pump billions of dollars into the newly approved ETH ETF every day, driving up the price. He urges investors to keep an eye on the ETF as a catalyst for Ethereum price movements.
Check out Davis' other altcoin picks here
Solana (SOL)
Davis is bullish on Solana due to market strength and momentum. He believes it is currently one of the leading projects far ahead of other cryptocurrencies in terms of hype and development.
base
Davis supports Base’s theory and highlights its strong market position. He mentions the potential for meme coins on the Base network, suggesting that this could be a major driver of future growth.
Avalanche (AVAX)
While he acknowledges that Avalanche hasn't garnered the same amount of attention as Solana or Base, he remains bullish on its long-term prospects. Looking at the bigger picture, he believes Avalanche is one of the hottest projects out there, despite current market challenges.
Polkadot (DOT)
Secondly, he is optimistic. So is Polkadot, which is partnering with the project on educational content. He values real-world assets and their use cases in AI. He has been supportive and transparent about his collaboration with Polkadot, despite the controversy surrounding Polkadot’s financial spending.
Helium (HNT)
He’s intrigued by Helium and sees its potential, but hasn’t followed it closely. His interest stems from Helium’s unique approach to distributed wireless infrastructure.
Lewee (AR)
Davis doesn’t follow Rweave closely, but he believes there’s some interest in the company’s decentralized storage solution and that it’s worth mentioning.
Fetch.ai (FET)
He mentioned the company's merger with Fetch.ai, alluding to its potential in the AI space, which he sees as promising, but did not offer a specific price estimate.
Are you ready to launch? Join the conversation by sharing your Bitcoin price predictions!
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