Popular crypto analyst Lark Davis describes five altcoin projects he thinks can make big gains. Lark Davis expects strong moves in these altcoin projects. cryptocoin.com We have compiled the details for you, let’s examine the subject together…
Lark Davis: I’m watching this altcoin project!
Veteran analyst Lark Davis says he looks at 448,000 YouTube subscribers to EGLD, the local asset of high-yield blockchain project Elrond. The analyst cites the news that Elrond’s decentralized exchange (DEX) named Maiar will launch next month. Lark Davis adds the following to his explanations on the subject:
Elrond is basically Ethereum 2.0. But now, it’s a cryptocurrency that has all the good tech and it continues to gain attention and grow the community, and they’re on the verge of unleashing their tech into the wild and actually having a DeFi (decentralized finance) ecosystem.
Lark Davis: We’ll see a lot of money flow into these parachain auctions
According to Lark Davis, Maiar DEX marks the beginning of a good DeFi ecosystem for Elrond. The next altcoin on Lark Davis’ list is DOT, Polkadot’s native token. The analyst emphasizes that Polkadot’s parachain auctions could begin on November 11. Lark Davis adds the following to his explanations on the subject:
We will see a lot of money flow into these parachain auctions.
Parachain auctions allow participants to bid on a project they want to support in order to secure one of Polkadot’s limited edition parachain slots. Lark Davis is also keeping a close eye on MOVR, the utility token of the smart contract protocol Moon River Network. The analyst says there is an “incredibly large community” behind the project.
Lark Davis: SushiSwap is about to be integrated with Moonriver!
In addition, the analyst states that automatic market maker SushiSwap is about to be integrated with Moonriver. Lark Davis adds the following to his explanations on the subject:
We’re starting to see a lot of DeFi protocols and things like that coming to Moonriver. So this is basically Ethereum, but in Kusama…. Other than that, it’s not even worth $1 billion in market value yet. Think how crazy that is.
Lark Davis: This altcoin could hit $100!
Next on Lark Davis’ list is WILD, the native token of Wilder World, a decentralized metadata warehouse project built on Ethereum (ETH). Lark Davis adds the following to his explanations on the subject:
This thing, I’m telling you, is going to have a $1 billion market cap… It’s going to be cryptocurrencies with a market cap of potentially billions when you really look at the charts, the metadata, and what’s being built here. It looks so beautiful.
The last altcoin on the Lark Davis radar is LUNA, the native token of smart contract platform Terra. Citing reports that more than 160 projects will be launched on Terra in the near future, the analyst predicts LUNA will hit over $100.
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