Crypto Trader Lark Davis Unveils Latest Altcoin Investments, Says He’s Bullish on 4 New Coins
Crypto analyst and influencer Lark Davis is pulling back the curtain on the latest additions to his altcoin portfolio which he believes have the potential to make investors rich this altseason.
In a new video, Davis tells his 183,000 subscribers on YouTube that he’s invested in RAMP, a decentralized finance (DeFi) project that aims to free up billions of dollars of liquidity staked in protocols such as Polkadot (DOT), Ethereum (ETH), and Cardano (ADA).
“RAMP, however, allows you to unlock that value by letting you stake via their smart contracts and then letting you get their rUSD stablecoin in an equivalent amount to your staked capital. So you can then use these USD coins to go out and earn more yield. Basically, you’re going to be doubling, tripling, or potentially even many times more multiplying your gains that you could be getting otherwise.”
Davis highlights that RAMP is en route to fulfilling its biggest use case as its rUSD minter is scheduled to go live soon. Should RAMP attract users to their platform, Davis believes that the coin can surge beyond $1, representing an increase of over 185% from its current value of $0.35.
The next coin on the list is MahaDAO’s algorithmic stablecoin ARTH token.
“The supply of the coin is elastic. When the value of the ARTH coin is above its target price what happens is that the protocol will issue out new tokens in an attempt to dilute the supply and bring the price back down to its peg. When ARTH is trading under the target price, they then issue out bonds in the form of debt that are used to buy back and burn ARTH coins.”
Davis emphasizes ARTH’s huge upside potential as its market capitalization of $2 million is relatively small compared to other seigniorage coins like Empty Set Dollar’s (ESD) valuation of $560 million.
The third altcoin on Davis’ radar is Polkadot-based DeFi protocol and liquidity aggregator Reef Finance (REEF).
“They source liquidity from both centralized and decentralized exchanges to allow for you to get the best trading prices. They also offer smart lending, borrowing, staking, and mining via the Reef yield engine.”
Davis says REEF has managed to survive the “farm and dump” phase, which tends to occur in new DeFi projects. He now expects REEF to start performing well and breach its all-time high of $0.05 on the way to price discovery.
The fourth coin on Davis’ watchlist is Robonomics Network (XRT), a project designed to connect robots and place them under the control of blockchains such as Polkadot and Ethereum (ETH).
“Now the internet of things is becoming more and more real every day requiring more and more solutions to meet that reality that world is going to require deep and efficient communications. Robonomics is there to allow for robots as a service to become a thing by connecting all these different devices. It’s aiming to be at the forefront of bringing together blockchain and robotics.”
Davis predicts that robotics will become a massive trend in the coming years and Robonomics is positioning early to rise with the trend.
Featured Image: Shutterstock/kmls
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