Crypto trader and analyst Lark Davis is spotlighting five altcoins that he believes have the potential to moon this month.
The first crypto asset on his list is the layer-2 Ethereum-scaling solution, Polygon (MATIC), which has survived the latest market correction fairly well in comparison to other assets.
“Holy cow polygon has just been roaring over the last few months… I think the gains train for Polygon has not finished… Right now you’re looking at a situation where we could still see it get up to $10 per MATIC token which is obviously great gains potential.”
Davis points out that Polygon just flipped Binance Smart Chain in terms of daily transactions, and many major decentralized finance (DeFi) platforms are making their way over to Polygon, adding significant value to the chain.
Next on Davis’ list is decentralized video streaming platform Theta Network (THETA), which is rebounding well after the massive market dip.
“We’ve got some very big catalysts