thenewscrypto.com
- Crypto Analyst Lark Davis shares top three crypto investments.
- The potential crypto space are DeFi, Metaverse, and Gaming space.
- Grayscale mentions that Metaverse will present $1 Trillion annual revenue.
Crypto space is often associated with cryptocurrencies, DeFis, NFTs, metaverse, and many more unique features being implemented. The whole crypto market has moved a longer step ahead with more advancements offered to the users. Traders and investors are aiming to choose potential cryptocurrencies in the crypto market for making investments. Similarly, taking advice from a crypto expert is always a habit for crypto traders and investors.
According to the crypto analyst, Lark Davis, the crypto space has potential areas for investments that will be life-changing. He has shared his views on the crypto industry and the potential cryptocurrencies that traders can invest in.
Potential Crypto Space
The first potential area in the crypto industry that will continue to rise and make investors freaking rich is DeFi space. According to Lark Davis, DeFi will be an $800 Billion industry in 2022 which might be achieved in the short term. Decentralized finance protocols, exchanges, and farming platforms have much potential with about turning into a multi-trillion dollar sector of the crypto industry.
Moreover, he mentions that DeFi coins have the potential and it will be a big opportunity for early investors. The market cap DeFi has been $1 million in the mid-last year and has now gone up to $270 billion. Besides, some of the promising projects that he mentioned are Avalanche’s Trader Joe and in Solana space its Orca which is a decentralized exchange that enables users to do farming. There are also some other projects coming up like Cardano’s Ardana, Polkadot which are happening right now in deFi space.
The next hot top area in crypto is metaverse which is actually on-fire right now. According to Grayscale, metaverse presents over $1 trillion annual revenue market opportunity every year. Projects like Sandbox (SAND) and Decentraland (MANA) will produce massive results which will continue to grow. Aping into SAND and MANA will probably generate better outcomes in the market. Significantly, within the metaverse space, the higher potential coins are Wilder world, RMRK, and Higher Street.
Additionally, the next area is gaming space that reports about the industry is twice as recorded at $336B annual revenue. As of now, gaming is gaining a large percent of attention from users and revenue as well. The Play-to-earn mechanism is absolutely driving massive as players’ rewards are NFTs or tokens which can be changed to real-time currency.
As a result, Davis cited other intriguing games with good gameplay, such as Illuvium, Star Atlas, and Aurory. Furthermore, the top three areas of the crypto world are DeFi, Metaverse, and Gaming, all of which provide excellent opportunities for early investors.