Crypto analyst Lark Davis is shining the spotlight on a handful of altcoins that he believes have major potential.
The trader tells his 191,000 YouTube subscribers he’s keeping his eye on five little-known crypto projects as the sector continues to see rapid growth.
The first on Davis’ radar is SeaScape Network, a project which Davis says is positioning itself well within the decentralized finance (DeFi) ecosystem, tapping into the gaming industry and its crypto-friendly community.
Davis notes that SeaScape’s Crowns (CWS) token is on Uniswap, but warns that the price is up considerably because it just had its ICO.
Up next on Davis’ list is another token that has recently launched, Bridge Mutual (BMI). Bridge Mutual is a decentralized insurance project built on Polkadot that Davis is interested in for the long haul.
Davis notes that the project is situated in an underserved sector of the DeFi market, explaining that insurance projects will be essential components of the crypto ecosystem.
The third project that is on Davis’ radar is Sifchain Finance (ROWAN), an omni-chain decentralized exchange that supports cross-chain transactions. Though the token sale registration is currently closed, the coin will be coming to market soon and Davis says he will likely double his position in the project once it reaches exchanges.
Fourth on Davis’ list is Paralink Network (PARA), a multi-chain oracle platform. The reason this project stands out to Davis is its unique Paralink Query Language which allows for faster transaction speeds and for individuals to seek out verifiable data on databases, websites and APIs.
Davis also points out that Paralink is built on Polkadot and that many projects within the ecosystem are currently performing extremely well.
The last project Davis highlights is DAOventures, which is a crypto robo adviser and automated money manager that seeks to make DeFi easier for the average individual.