ETH and these two altcoins are poised to make big profits in 2022, according to Lark Davis

In one Video In a new analysis, analyst Lark Davis says that ETH and two altcoins will offer “good returns for investors” next year.

In the case of ETH, the analyst and trader says the second largest digital asset by market capitalization could hit a five-digit price by 2022.

“I think ETH will be in a five-figure fortune and we could see ETH hit $ 20,000 before this cycle ends.”

ETH is trading at $ 4,067 at press time.

Source: Tradingview

According to Davis, several catalysts support the bullish case for ETH.

“We have exploding Layer 2 scaling solutions for ETH… The network will switch from PoW to PoS. It’s beyond imagination. Very inefficient PoW is being replaced by PoS – a fundamental change in the economy for Ethereum …

Then there is the triple halving. As part of the move to the PoS, the annual ETH new issue has decreased by 90% …

ETH is set to become a deflationary asset next year. Within the next 5 to 10 years the offer will be below 100 million ETH again. ”

The ETH offer is currently 118.87 million.

Next up is Elrond (EGLD), a scalable blockchain platform suitable for businesses. Davis’ bullish prediction for EGLD is based on the growing activity on this blockchain platform thanks to the launch of products like the decentralized exchange (DEX) Maiar, which is similar to the Uniswap DEX on Ethereum.

“The time has finally come, I think it was a very exciting time and an exciting moment for EGLD. You finally launched the Maiar exchange … that’s Uniswap’s version on Elrond. Users can now trade USDC (USD Coin), EGLD tokens …

In addition, centralized exchanges are also starting to support Elrond’s standard tokens. ”

EGLD is trading at $ 256.83 at press time.

Source: Tradingview

Next up is Polygon (MATIC), a scaling solution for Ethereum designed to enable widespread adoption of decentralized applications. Davis says the factors that make him optimistic about MATIC are its increased usage and acquisitions that lead to growth.

“Polygon burns MATIC. In the long run, this is absolutely fantastic for the price. The users are growing faster than ever before, new conversions and more apps are coming. I am optimistic about MATIC. It’ll get to $ 10, it’s just a matter of time. ”

MATIC is trading at $ 2.51 at press time.

Source: Tradingview

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