- Crypto analyst Lark Davis thinks these crypto-assets are a great buy at the moment.
- The coins depict high growth, strong backing, multiple partnerships, and long-term potential.
The crypto market has been on a sideways momentum for a while now due to several events breeding uncertainties. However, the analyst Lark Davis thinks these coins hold great potential – the reason he has been buying in the past few weeks. Here is the list:
Having scored a spot on the multichain protocol Polkadot, Moonbeam is now seeing an increase in decentralized finance (DeFi) applications, and consequently a rise in its total value locked (TVL). The platform has managed to attract several high-ranking backers. Among them are Binance Labs, Coinbase Ventures, and Fenbushi Capital. Additionally, a considerable number of crypto projects are building on Moonbeam including the popular Curve Finance. Others are the native Moonbeam applications Stella Swap and Solarbeam.
Davis is staking this crypto coin and holding its rewards believing in its potential to multiply its market cap 10x.
Oasis Network (ROSE)
Though relatively unknown, Davis praises the Oasis Network for its upcoming projects, increased adoption, privacy technology as well as growth in market cap. The blockchain has massive backing from Andreessen Horowitz (a16z), Pantera, and Polychain Capital, to mention a few. More so, it has a number of integrations and partnerships with other projects, including university programs. Making this list are BMW Group, Binance, and Chainlink, among many others. And just recently, Oasis raised $200 million which it plans to use to support applications and growth in its ecosystem.
For these reasons, Davis says the crypto token could easily multiply its market cap 10x just like Moonbeam.
Like Moonbeam, Acala also managed a slot on the Polkadot Relay Chain, where it now plans to be a major DApps contributor. Already, Acala has launched a native decentralized stablecoin aUSD which aims to be the main stablecoin of the Polkadot ecosystem. So far, the platform has raised $250 million to fund this goal. Furthermore, Acala can integrate with a wide range of Ethereum applications. More recently, the network teamed up with Terra’s biggest application, Anchor. Its other integrations are with Moonbeam, Compound, and Chainlink. Strong backing is seen by Arrington Capital and Polychain Capital among others.
Bitcoin (BTC) and Ethereum (ETH)
Davis has been purchasing this pair at regular intervals despite their price due to their dominant positions in the crypto market. His bet on them is on the long-term side banking on progressive growth.
Trader Joe (JOE)
Trader Joe, the biggest exchange on the Avalanche, now lets users stake their JOE tokens for rewards in USDC. Vote-locked tokens also boost farming rewards.
Importantly, Davis reiterates the crypto mantra “DYOR or Do Your Own Research.” Investment is personal and risky and should therefore be well informed.