Popular crypto trader Lark Davis has unveiled five altcoins that he believes have the potential to reap big gains in the face of the fundamental developments they are constantly experiencing.
Davis to 448,000 YouTube subscribers, high-throughput blockchain project Elrondlocal presence of EGLDHe says he’s checking it out. The analyst cites the news that Elrond’s Maiar decentralized exchange (DEX) will launch next month.
“Elrond is basically Ethereum 2.0. But now, it also has all these beautiful technologies. A coin that continues to attract attention and grow the community, and they are on the verge of releasing their technology into the wild and actually having a DeFi (decentralized finance) ecosystem. A token ecosystem, launchpads and all that stuff begins.”
According to Davis, Maiar DEX heralds the beginning of a good DeFi ecosystem for Elrond.
Next up on the analyst’s list, interoperable blockchain polkadot‘s native token DOT exists. The trader points out that Polkadot’s parachain auctions are scheduled to start on November 11.
“We will witness a lot of money flowing into these parachain auctions.”
Parachain auctions are a system where participants bid on a project they want to support in order to secure one of Polkadot’s limited number of parachain slots.
Davis also developed the smart contract protocol. Moon River Network‘s service token MOVRHe also states that he follows her closely. The analyst says there is an “incredibly large community” behind the project.
In addition, Davis also mentions that automatic market maker SushiSwap is about to be integrated with Moonriver.
“We’re starting to see a lot of DeFi protocols and things like that coming to Moonriver. So this project is basically Ethereum, but in Kusama…. other than that, it doesn’t even have a $1 billion market cap yet. Think how crazy that is.”
Fourth on Davis’ list is a decentralized metaverse project built on Ethereum (ETH). Wilder World‘s native token WILD there is. Trader makes the following statements about the project:
“I’m telling you, this thing is going to have a $1 billion market cap… When you look at the charts, the metaverse, and what’s being built here, this coin might have a billion-dollar market cap. It has a very attractive appearance.”
The last token on the investor’s radar is the smart contract platform. terra‘s native token LUNA. Citing reports that more than 160 projects will be launched on Terra in the near future, the analyst predicts LUNA will hit over $100.
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.