Lark Davis, one of the famous names in the crypto money world, shared five cryptocurrencies with a high potential to rise in October.
In a video shared with over 437,000 YouTube subscribers, Davis said he is optimistic about crypto assets Solana (SOL), Polygon (MATIC), Elrond (EGLD), Polkadot (DOT) and Bitcoin (BTC).
Starting with Solana, Davis thinks Solana’s blooming NFT field will bring more investors to the project.
“One thing that gets me very excited about Solana right now is the NFTs. We’re seeing a lot of NFTs start up in Solana these days, and we’re starting to see a lot of NFT structures come into play here…”
He stated that the NFT frenzy in Solana was very serious. We’ve seen Solana provide the kind of NFTs people want to use to buy and make money, translating NFTS for crazy gains.
Speaking about Polygon, Davis expects MATIC to gain momentum after daily use starts to increase.
“Polygon had more daily active users than Ethereum for the first time. MATIC had 351,000 daily active users compared to Ethereum’s 326,000 daily active users.”
He also mentioned that MATIC has partnered with multinational consulting firm Ernst & Young to scale more Ethereum (ETH) and develop enterprise solutions.
Talking about EGLD, Davis thinks that the value of the coin will increase even more as more products are created on the platform and DeFi applications increase.
“I think when applications start here, which will be very, very soon, then we’ll start to see the total value locked up coming in, then we’ll see people FOMO the EGLD entity. That’s when we’ll really start to see the price increase happen. We are on the verge of that moment.”
The fourth coin on his list, Polkadot (DOT), Davis thinks DOT is poised to rise as the highly anticipated parachain auctions are expected to arrive on Polkadot’s blockchain soon.
Finally, Davis expects higher prices from Bitcoin this month. The investor predicts that while the approval of the Bitcoin Futures ETF is essentially bullish for Wall Street, it will open the door for regulators to approve a Spot Bitcoin ETF that investors have been waiting for years.
“I think the launch of a Futures ETF opens the door for the Spot Bitcoin ETF, which is what we really want because it really matters. This actually takes real Bitcoin, locks it up, issues a paper contract in your brokerage account to swallow it. This is the type of Bitcoin ETF we want…
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.