The market has been in the reds for a few days, but analysts are taking it quite calmly and seeing it as a buying opportunity. Analyst and crypto investor Lark Davis also shared 5 altcoins that he thinks should be on your radar to determine your portfolio strategy in 2022 and that could challenge the market in January.
Solice (SLC)
The first altcoin to have on your radar, according to Davis Solice (SLC). Solice is a virtual reality metaverse built on the Solana blockchain that allows users to create, own, socialize and earn virtual experiences.
Solice; It supports multiple platforms by removing the barriers of different hardware, software and operating systems. As a result, people can invite and interact with their friends and family, increasing the potential for the user base to grow exponentially.
As NFTs, players in Solice’s world can collect lots of pets, gems, collectibles, develop their assets, mini-games and build on their land.
Solice metaverse is the first cross-platform VR metaverse on the Solana blockchain. According to the analyst, Solana will continue to grow, so Solice will also receive its share of growth.
Chainlink (LINK)
The second altcoin that the analyst mentions in his list is Chainlink (LINK). Chainlink is a blockchain abstraction layer that enables smart contracts to be linked together universally. Chainlink enables blockchains to interact securely with external data feeds, events and payment methods, providing the critical off-chain information complex smart contracts need to become the dominant digital contract format.
This network provides hundreds of billions of dollars worth of feeds with their trusted data. A total of $75 billion in value is now secured by Chainlink’s oracles, and the platform is gaining massive adoption. This represents a tenfold increase in the total guaranteed value compared to the previous year.
The project currently supports more than 700 oracle networks, more than a thousand projects, and according to the analyst, this number is expected to more than double in the near future by the community.
Curve (CRV)
The next altcoin that the analyst recommends to have on your radar is Curve (CRV). Curve is a decentralized stablecoin exchange that uses an automated market maker (AMM) to manage liquidity.
Launched in January 2020, Curve has now become a complete DeFi phenomenon and experienced significant growth in the second half of 2020 and the end of 2021.
People can use a platform like a tier-2 or Polygon and farm Curves and profit up to 40 percent from yield farming alone. The analyst said there is a very high demand for this token, noting that tokens like Curve will be available as backup assets in our overall portfolios.
Terra (Luna)
The last altcoin that the analyst stated should not go unnoticed. Terra (LUNA). This blockchain protocol uses fiat-pegged stablecoins to power price stable global payment systems. Terra ranks tenth in the top 10 cryptocurrencies by market cap at the time of writing.
According to its white paper, Terra combines price stability and wide adoption of fiat currencies with the censorship resistance of Bitcoin (BTC), offering fast and affordable payments.
Recently, we have witnessed that the Terra ecosystem has started to attract a lot of attention and has experienced various developments. However, the most important of them; Terra’s stablecoin TerraUSD (UST) Finding a home across DeFi. When stablecoin rises, there is more adoption, resulting in higher price of LUNA.
As we stated in a previous article about Terra; There is a very efficient cycle between the platform’s stablecoin and LUNA assets, as people need to burn the LUNA to be able to UST. Therefore, according to the analyst, Terra has great potential and is one of the first altcoins to have on your radar.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.