Sunday, April 18, 2021

Crypto Strategist Names ETH, XRP, and Three Others He Believes Have Potential to Surge Notably In December

Cryptocurrency analyst and influencer, Lark Davis, has named Ethereum (ETH), Ripple’s XRP and three other digital assets he believes have potential to surge notably in the coming month.

Ethereum 2.0 Is a Catalyst for ETH

Lark Davis expects the upcoming launch of Ethereum 2.0 Phase 0 to positively impact the price of ETH in the market.

He said:

“Obviously, Ethereum and the launch of ETH 2.0 on December 1st, it’s a pretty damn big deal for Ethereum and the crypto market overall. I expect we’re going to see a lot of interest continuing in Ethereum in the run-up to that date, post that date, as we see more and more Ethereum getting locked up into the deposit contract. It will have a positive impact for Ether.”

Read Also: Western Union Testing and Considering the Use of Ripple’s XRP for International Payments

Ripple’s XRP Could Continue Its Rally as Flare Prepares for Its Airdrop

The second digital asset on the list is XRP. Davis believes that the third-largest cryptocurrency by market cap will experience a big price uptrend as investors expect the distribution of free Spark tokens starting from 12th December.

“XRP could see a farther rally as well in the run up to the airdrop, which is scheduled for December 12th. Now, it has had a massive run-up so do be careful with that, but XRP holders will be dropped 45 billion Spark tokens for the Ripple-backed Flare Network.”

Read Also: Ripple CTO David Schwartz Reveals Crypto He Currently Holds Aside From XRP

Aave (AAVE) and Axie Infinity (AXS) Would Print Positive Trend in December

According to Davis, the decentralized finance Aave (AAVE) and Axie Infinity (AXS) would gain notably in the coming month.

He believes that the upcoming roll out of Aave V2 would enhance the price of the digital token AAVE, while he thinks Axie Infinity (AXS) has a huge potential as it targets the vast world of gaming and non-fungible tokens (NFTs):

“They will soon be releasing Aave V2 which could be a big catalyst for the token. Currently, the Aave V2 upgrade is live on the Ethereum testnet. Now, upgrades to the protocol will include better optimization of the transaction flows; reducing the number of transactions you actually need to make to interact with Aave, tokenized debt positions, fixed rates for deposits, better stability for borrowing rates, private markets to support a wide range of assets.

“They’re going to be doing gas optimizations as well to reduce those gas fees for you. They’re going to be improving the Aave tokens. They’re going to do debt trading, collateral trading, lending and borrowing on margin. And Aave is even working on bringing mortgages into their ecosystem, which is totally crazy because that is a market worth tens of trillions every year globally.

“Axie is a game where you can build a digital land, kind of a kingdom, and then you can battle your pets against other players. And if you think that rare Pokemon like game items is a silly idea gaming man, whatever, then take into account that actual Pokemon cards have been exploding in price recently. Gaming is super hot, collectibles – super hot. If this game catches on, then it could be really, really big.”

Read Also: Boerse Stuttgart Digital Exchange (BSDEX) Announces ETH, XRP, LTC Trading Against Euro

Kusama (KSM) Would Perform Excellently Well As It Prepares the Launch of Parachain Auctions

The last crypto asset to print an excellent price uptrend in December according to the cryptocurrency strategist and influencer, Lark Davis, is Kusama (KSM). He believes that the upcoming launch of parachain auctions would serve as a catalyst:

“A parachain is a simple blockchain that attaches to the main chain like Polkadot (DOT) or Kusama to be able to access their security and wider network effect. So Kusama will be able to host a hundred different blockchains attached to it. So think of these hundred parachains like spokes on a wheel and Kusama is the center.”

Tobi Loba
Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.

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