Crypto analyst Lark Davis, smart contract platforms; He says Cardano (ADA) and Ethereum (ETH) are preparing to rally 300% from their current prices.
This week, Davis posted on Twitter and YouTube his new views on the market capitalization of the general crypto market of more than $ 2 trillion and the future of ADA – ETH.
Davis claims that Cardano, approaching the August launch of smart contracts on its platform, could skyrocket meteoric prior to launch.
“Cardano smart contracts in August will likely triple the price of ADA by the event.”
Davis predicted in January that Cardano’s ADA token would easily sail to $ 1.00 in the long run, and would likely reach $ 4.00 or $ 5.00 during the current bull cycle.
ADA, the seventh largest crypto asset by market cap, is trading around $ 1.35 at the time of writing.
Looking at Ethereum, Davis said ETH is ready to gain at least 300% in value in this bull run as well, and it is still a very good opportunity to buy the best smart contract platform for under $ 3,000.
“In 2021, Ethereum will become deflationary and switch to Proof of Stake. It’s still cheap to buy for under $ 3000! ”
The reason Davis believes that $ 3,000 is a very low price tag for ETH is because the trader suspects that ETH will reach $ 10,000 during this bull market.
“We’re only between a third and a half of the way in this current market cycle, and Ethereum is already approaching $ 3,000. Fast forward six to twelve months, I can easily see Ethereum reaching $ 10,000. ”
Davis points out that $ 10,000 per coin will bring Ethereum to a market value of $ 1.2 trillion, which is not crazy valuation given the platform’s dominance in the crypto world.
“This is just a market cap of 1.2 trillion, it’s not that ridiculous and remote when you think about it. And this forecast is only short-term. ”
Although Ethereum has many competitors, Davis still believes blockchain will continue to act as the backbone of the crypto space.
“Ethereum is the core smart contract platform, the beating heart of the cryptocurrency industry. Everything is priced on Ethereum. You see that DeFi (decentralized finance) is the heart of NFTs (non-fungible tokens). When ETH 2.0 comes out, I think Ethereum will maintain its full dominance in the market. “