Popular crypto trader Lark Davis has named five altcoins that he says could make huge profits.
Davis said to its YouTube subscribers that it views EGLD, the asset of the high-performance blockchain project Elrond.
The analyst cites the news that the decentralized exchange of Elrond Maiar (DEX) will start next month.
“Elrond is basically Ethereum 2.0. But now there is all the beautiful technology and it’s a coin that just keeps getting attention and growing the community, and they’re on the verge of launching their technology and actually having a DeFi ecosystem (decentralized finance) and an ecosystem with tokens and launch pads. ”
According to Davis, Maiar DEX signals the beginning of a good DeFi ecosystem for Elrond.
Next on Davis’s list is DOT, the token for the interoperable Polkadot blockchain.
The trader points to the fact that Polkadot’s parachute auctions are scheduled to begin on November 11th.
“We will see a lot of money flowing into these parachute auctions.”
Parachain auctions allow bidders to submit bids for a project they wish to support in order to secure one of Polkadot’s limited number of parachute slots.
Davis is also watching closely MOVR, the token of the Moon River Network smart contract protocol. The analyst says that behind the project is “incredibly large community”.
Do not miss: Edward Snowden criticizes Shiba Inu mania
He also noted that the automated market maker SushiSwap is about to be integrated with Moonriver.
“We’re starting to see a lot of DeFi protocols and things like that [се присъединяват към] Moonriver. So this is basically Ethereum, but Kusama … except that it still doesn’t even have a market capitalization of $ 1 billion. Think how crazy that is. “
Next on Davis’s list is WILD, the natural token for Wilder World, a decentralized project for a metaverse built on Ethereum.
“This thing, I’m telling you – there will be a market capitalization of $ 1 billion … a potential market capitalization of many billions, when you actually look at the graph and the metaverse and what’s being built here. It looks very good.”
The last coin the merchant considered was LUNA, the token of the Terra smart contracts platform. The analyst predicts that LUNA will grow to over $ 100, citing reports that over 160 projects will be launched on Terra in the near future.
