Popular crypto trader Lark Davis has updated followers on his top five assets to buy in February.
In a recent YouTube update titled “5 Best Altcoins to Buy in February”, Davis told subscribers Ethereum could double its price in the coming weeks. Davis called it an “exciting time” for ETH and noted the coin was on the verge of price discovery.
He said,
Ethereum is obviously having very many bullish catalysts as well including the CME futures launch
Davis highlighted the coming launch of the Galaxy Digital Ethereum fund and Grayscale’s recent investment into ETH as two particularly bullish developments.
The popular trader also recommended Elrond (EGLD), which recently launched a user-friendly wallet application for buying and selling crypto-assets. According to Davis, the number of Elrond transactions more than doubled in the four days following the wallet’s launch.
Davis was also bullish on the blockchain network Cosmos (ATOM) and said the project had been flying under the radar despite making significant advancements.
He said,
The big news coming for Cosmos right now is the launch of the Stargate upgrade […] Blockchains have got to talk to each other. The Stargate upgrade means that all of the Tendermint-based chains will be able to take a massive leap forward in terms of interoperability.
Davis rounded out his top five altcoins with Cardano and Polkadot, calling the latter an “absolute beast of a blockchain.”
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The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
