Lark Davis, a popular YouTuber and crypto analyst has shared four altcoins that could generate massive profits in June. According to him, some of these altcoins have the potential to increase by considerable margins, while others could increase by smaller margins due to their market caps.
Polygon is having a strong sell-off rally that affected nearly all of the leading assets. With a current price of $ 1.8, Davis believes the asset's "profit train" is not over yet.
"Although there are far fewer opportunities to buy at $ 0.4 in the last few months, it can still go as high as $ 10 per coin. ”
The price could be positively affected by the upcoming events on the Polygon network.
"We are seeing more transactions on Polygon than on Binance Chain, but Binance Chain is worth five or six times more than Polygon's market capitalization. "
This means that there is a large gap that will close over time. In addition, promising partnerships have emerged. Polygon dataset integration with Google Cloud Tech completed. Additionally, 0x has released a decentralized exchange liquidity API on Polygon. These and many others put Polygon on the right track to make a high profit in June.
Theta Network (Theta)
Theta is currently trading at $ 7.8, rebounding from a sharp drop. Interestingly, the surge can continue with incredible activities to be expected on the Theta network. These include the upcoming ThetaDrop marketplace, an NFT marketplace that will join the Theta network in June. According to Davis, this will be integrated with existing Theta products.
"Although we saw the NFT coin bubble burst, NFTs are not dead. "
Theta mainnet 3.0 and the launch of Elite Edge Nodes in the next 30 days can have a big impact on the price.
Cardano currently has a market capitalization of $ 56 billion. According to Davis, although the price will go up, investors shouldn't expect a 10-fold increase in June. The price could be hit hard by the anticipation that is building up for the next smart contract platform. The platform is now available on the testnet and will be a catalyst for a rally as people get more excited according to Davis.
"We are seeing different tokens being launched on the Cardano network. We are also seeing the ecosystem growing with the launch of Occam via decentralized exchanges. This represents the aggregation of liquidity in the ecosystem and the events in the network ”.
Upcoming Token Sales
According to Davis, Vega and Formation are the next token sales that investors should keep an eye on.
"I am investing in both currencies and entering the sales can guarantee a maximum return ”.
Vega is a protocol for creating and trading margins on a completely decentralized network. Decentralized derivatives are great markets, and this makes Vega's market potential huge. Most importantly, Vega has prominent crypto personalities behind it, including Pantera Capital, Coinbase Ventures, Kyber Network's Loi Luu, Aave's Stani Kulechov, and many more. The testnet is also available.
Training, on the other hand, seeks to end the pursuit of performance. It will present many applications in different chains.
He advises that investors who miss token sales should be careful when buying on the first day. FOMO generally inflates the price of these altcoins on the first day. According to Davis, investors should wait for the price to drop and buy with a better entry.
"Buy on major dips and keep your expectations low of how high the price of altcoins can go up. "