Crypto influencer and popular trader Lark Davis says smart contract platforms Cardano (ADA) and Ethereum (ETH) are poised to rally 300% from their current prices. The popular analyst sets critical goals for altcoin projects.
Lark Davis: The Cardano smart contract could meteorically rise to the event!
This week, renowned analyst Lark Davis is using Twitter and YouTube to share his new insights into the future of ADA and ETH as the overall crypto market generates more than $ 2 trillion in market capitalization. Approaching the August launch of smart contracts on its platform, Cardano could rise meteorically, according to Lark Davis. Lark Davis adds the following to his comments on the subject:
Cardano will likely triple the price until the smart contracts event in August.
In January, Lark Davis predicted that in the long run, Cardano’s ADA token would easily sail to $ 1 and likely reach $ 4 or $ 5 during the current bull cycle. The first of these predictions came true, now the $ 4 target is next.
Lark Davis: I can easily see that Ethereum has reached $ 10,000
Cardano, the largest cryptocurrency by market cap, is trading around $ 1.32 at the time of writing. Looking at Ethereum, Lark Davis states that altcoin is ready to gain at least 300% in this bull run. The analyst also points out that those who buy ETH with prices below $ 3,000 are lucky. Lark Davis adds the following to his comments on the subject:
Ethereum becomes deflationary in 2021 and goes to proof of stake …
The reason Lark Davis believes that $ 3,000 is such a low price tag for ETH is because the analyst stated that during this bull market, the coin will reach $ 10,000. Lark Davis adds the following to his comments on the subject:
We’re only between a third and a half of the way in this current market cycle, and Ethereum is already over $ 3,000. Fast forward six to twelve months, I can easily see Ethereum reaching $ 10,000.
Lark Davis: Popular cryptocurrency ETH is the beating heart of the industry
Lark Davis states that $ 10,000 per coin will put Ethereum at a market value of $ 1.2 trillion, which is not crazy valuation given the platform’s dominance in the market. Although Ethereum has many competitors, Lark Davis still believes that Blockchain will continue to act as the backbone of the crypto space. Lark Davis adds the following to his comments on the subject:
That’s just a market cap of 1.2 trillion, that’s really not that ridiculous when you think about it. And that’s just short-term. This is the basic smart contract platform. It is the beating heart of the cryptocurrency industry. Everything is priced on Ethereum. You see that DeFi (decentralized finance) is at the heart of NFTs (immutable tokens), token launches, and everything else. And yes, many other Blockchains are approaching… And I believe in the vision, one network, many chains. So in the future, Ethereum will not have such a heavy dominance, just one network and many chains, it does not mean that all these chains will have an equal share in the market. When ETH 2.0 comes out, I think Ethereum will maintain its full dominance in the market.