Crypto trader and investor Lark Davis is aiming for massive profits on a large cap altcoin.
Davis tells his 386,000 Twitter followers that the Layer 2 Ethereum scaling solution Polygon (MATIC) will accelerate its rise.
“$ 5 MATIC is coming, will cut more profits there!”
MATIC is up over 7,000% since June 2020, but apparently Davis believes the popular coin still has gains of over 200% in sight.
This week, Davis also revealed its updated investment portfolio. Davis holds the majority of his portfolio in Bitcoin, Ethereum, and USDC.
30% of the trader’s portfolio is in a variety of altcoin projects.
Of the altcoins Davis holds, his top five investments are the Polkadot (DOT) smart contract platform, MATIC, the Elrond scalable blockchain platform (EGLD), the RAMP cross-chain liquidity solution, and the Injective (INJ ).
In a separate tweet, Lark reveals that he also owns Cardano (ADA), but it isn’t among his top five altcoin holdings.
Davis also owns 10% of its portfolio in traditional stock markets and 3% in gold and silver.
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Selected image: Shutterstock / stockphoto-graf / andrey_l