According to crypto expert Lark Davis, the CoinSpeech team has identified the most important takeaways from his recent insights. You can find Lark Davis’s new video below.
The Search for the Next Big Altcoin
Lark Davis starts by acknowledging the inherent risks in crypto investments: “Everything’s risky; you can lose all your money.” Despite these risks, he believes certain altcoins have the potential to yield high returns, drawing attention to those that offer real utility.
Jupiter: The Decentralized Exchange to Watch
Described as potentially “what Uniswap should have been,” Jupiter stands out as a decentralized exchange aggregator built on Solana. With its super simple user interface and robust features, it appeals to both newcomers and seasoned traders.
Lark highlights that Jupiter’s platform frequently “surpasses even Uniswap” in trading volume, emphasizing that the project offers staking rewards and an intuitive bridge set-up for asset transfer across networks.
Aerodrome: A New Contender in the Base Ecosystem
Aerodrome operates within the Base ecosystem, which boasts the significant advantage of Coinbase’s backing. According to Lark, Coinbase’s huge user base and upcoming smart wallets could propel Aerodrome’s token, potentially making it “the next best thing” on Base.
At the time of his recording, Aerodrome had around $700 million in total value locked, with a market cap of about $500 million, indicating room for substantial growth as new users are onboarded.
SubSquid: The Blockchain Indexing Solution
Lark introduces SubSquid as a promising project, likening it to “the Google of blockchains.” This altcoin offers a full-stack blockchain indexing solution, allowing developers to quickly access and leverage on-chain data.
With support for over 100 networks and integration with more than 5,000 decentralized applications, SubSquid is a low-cap coin with considerable upside potential.
Oasis Network: Privacy Focused and AI-Ready
The Oasis Network’s emphasis on scalability and privacy makes it suitable for applications in finance and artificial intelligence. Lark points out that the project’s two-layer architecture enhances data confidentiality while efficiently processing smart contracts.
He notes that the “Oasis also has an ecosystem fund” supported by prominent investors, making it an intriguing project, especially as AI continues to be a significant market narrative.
Phantom: A Layer One with Major Upgrades
Lark highlights Phantom’s upcoming upgrade, Sonic, as a key reason to watch this established layer one blockchain. Describing the upgrade as “a new blockchain altogether,” he underscores its potential to generate significant interest and hype within the crypto community.
He points out that André Cronje, a well-known developer, is back on social media, contributing to renewed enthusiasm around Phantom. Lark himself has doubled his position in Phantom, viewing the Sonic upgrade as a bullish event.
Remember, while these insights can guide your research, it’s crucial to conduct your own due diligence. Crypto investments carry inherent risks, and it’s essential to understand the nuances behind each project.