Popular Crypto Analyst Explains Why He Is Bullish on $ETH, $EGLD, and $MATIC
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Recently, highly popular New Zealand-based crypto analyst and influencer LArk Davis talked about why he feels confident that Ethereum ($ETH), Elrond ($EGLD), and Polygon ($MATIC) are good projects to bet on in 2022.
David talked about his top three altcoin picks for 2022 in a YouTube video he released 10 days ago.
According to a report by The Daily Hodl published on 25 December 2021, here is what Davis said about these three projects and their native tokens (i.e. $ETH, $EGLD, and $MATIC).
Ethereum ($ETH)
“I believe that Ethereum will be a five-digit asset, and we could see a $20,000 Ethereum before this cycle finally rolls over and dies...
“We have layer-two scaling solutions exploding for Ethereum…We have the move to proof of stake coming for Ethereum. That’s massive beyond belief. We’re moving from proof of work, which is horrifically inefficient, over to proof of stake which will fundamentally change the economics for Ethereum…
“Then we have the triple halving. So as part of the move to proof of stake, there will be a 90% reduction in yearly emissions of newly created Ethereum… Ethereum is going to become deflationary next year. It’ll just only be going down. Within the next, probably five to ten years, we’ll be back under a 100 million Ethereum.“
Elrond ($EGLD)
“It’s finally coming to life, which I think is a very exciting time and moment for Elrond. So we’ve finally seen them launch their Maiar exchange… kind of like the Uniswap of Elrond where you can now trade USDC (USD Coin), the Elrond token…
“We also have exchange support from centralized exchanges starting to happen for Elrond’s standard tokens.“
Polygon ($MATIC)
“Polygon now is going to burn a little bit of MATIC away. Long term that’s absolutely awesome for the price of Polygon. So users are going up, stronger than ever, new acquisitions and more apps coming. I’m bullish on Polygon. It’s going to $10, just a question of when.“
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DISCLAIMER
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.
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