Popular crypto trader and analyst Lark Davis names five altcoin gems that he believes are designed to deliver 100x returns for investors.
In a new YouTube video, Davis tells his 206,000 subscribers that his first choice is RAMP, a decentralized financing (DeFi) that allows users to access staked capital while generating returns, unleashing billions of dollars in value .
“Essentially, it can double, or triple, or even more, your total return on earnings for the year … The potential capture value here is billions of dollars.”
Davis notes that the project has increased five times since speaking about it on his channel. With a current market cap of around $ 63 million at the time of writing, the trader says the asset has plenty of room to grow and could turn blue-chip DeFi coin on its way to a $ 1 billion market cap in this one Year.
The second coin Davis is looking at is another DeFi project with a market cap of $ 100 million. According to Davis, robo-advisor to profitable farming, APY.Finance (APY), who helps users direct their capital to the most lucrative profitable farming opportunities in space, could potentially grow to a $ 1 billion market cap this bull cycle.
Davis believes the project, which is close to its official product launch, should compete with yearn.finance (YFI). While Davis is optimistic about the DeFi project over the long term, he notes that it has spiked lately and investors may want to wait for a better entry in the short term.
Next up is Polkadot-based liquidity aggregator Reef Finance (REEF). Davis notes that the project, which at the time of writing has a market cap of $ 145 million, is ready to move forward.
“[Reef Finance allows] for both trading and access to centralized and decentralized exchanges to raise liquidity from across the crypto market. They also offer smart lending, smart borrowing, staking, and mining, thanks to an AI-driven return engine. Basically a totally damn DeFi powerhouse in the making, focused on the right market at the right time … What is really interesting is that we don’t have any DeFi blue chips on the polkadot yet. There will be DeFi blue chips and Reef could be one of them. “
The last two coins Davis talks about are upcoming token sales, which he says could bring serious profits to early investors.
The first is the platform for trading, lending, issuing and borrowing synthetic assets, Shadows, which will be introduced on the Polkadot blockchain. Davis says the project aims to create a market with trillions of dollars in assets “that can be synthesized and injected into DeFi.”
Davis notes that the initial token sale for the project is expensive, but that after the initial launch, Shadows will be available to trade on Uniswap.
Last on Davis’ list is the highly anticipated Polkamarkets (POLK) gamified forecasting market, whose Twitter account had nearly 20,000 Twitter followers prior to its launch.
“With Polkamarkets you can make predictions about the outcome of elections or sporting events. Prediction markets have proven to be very popular with Ethereum, but I think gamifying what they are doing here at Polkamarkets could really lead to the next level. “
Davis also notes that the project launches on Polkastarter, which means the launch is likely to get a lot of hype as “all of the Polkastarter launchpads did very well.”
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