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Analyst named five tokens to watch out for in June

Crypto trader and analyst Lark Davis has highlighted five altcoins that he believes could explode this month.

The first crypto asset on his list was the Ethereum Level 2 Polygon Scaling Solution (MATIC), whose token weathered the last market correction relatively well relative to other assets.

 

I think the profit chase for Polygon is not over yet … We can still see the price of the MATIC token rise to $ 10, reflecting a lot of upside potential.

 

Davis notes that Polygon has overtaken the Binance Smart Chain in terms of daily transactions, and many large decentralized finance (DeFi) platforms are moving to Polygon, adding significant value to the chain.

Next on Davis’ list is the Theta Network (THETA) decentralized video streaming platform, which is recovering from a severe market downturn.

 

We have some very important catalysts for the development of Theta Network in June. The first is the ThetaDrop Marketplace, coming in June … The ThetaDrop Marketplace is a non-fungible token (NFT) marketplace that is part of Theta Network and will be able to integrate with its various products. NFT is a huge leap forward in digital ownership, which is why Theta’s entry into the market for NFT is big news and possibly a big price catalyst.

 

In addition to its NFT marketplace, Theta 3.0 is close to launching a mainnet with staking capabilities Theta Fuel (TFUEL). TFUEL is the operating token of Theta Network, and Davis is confident that investors can bet on it, just like the THETA token.

Next up is Ethereum’s rival Cardano (ADA), which is starting to test its long-awaited smart contract functionality.

We’ve been waiting for years for smart contracts … Better late than never, but you have to understand that the implementation of smart contracts in Cardano will be a big catalyst for this blockchain. I think the price will continue to rise in the run-up to the launch of these smart contracts as people get more and more excited about the launch of a full-fledged Cardano ecosystem that is finally coming into play.

 

Davis also mentioned two tokens that will be launched in the near future. The first is the Vega derivatives trading protocol.

The second is the Formation smart farming cross-chain protocol. It allows users to stake for rewards in the native Formation currency, providing cryptocurrency holders with maximum profit.

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