Analyst Lark Davis reveals next big crypto trends for huge gains in 2021
In a recent video, analyst Lark Davis the upcoming big crypto trends that are expected to generate massive gains in 2021.
The trader kicks off the video with the first altcoin Solana (SOL). The altcoin is now standing at 15th in the cryptocurrency market.
“The blockchain itself is a beast. It does like 50,000 transactions per second. Fees are dirt cheap. It’s a good user experience. It’s not surprising to see so many people now actually piling into this blockchain”.
In a further note, Davis notes that at a 12 billion dollar market cap, the coin can only go so much higher. He also shares that smart investors are going beyond the primary Solana asset and looking into the Solana ecosystem such as Raydium (RAY) and Serum (SRM).
The next coin on the list is Elrond (EGLD), a highly scalable, fast and secure blockchain platform for distributed apps, enterprise use cases, and the new internet economy.
“Elrond is looking to onboard 1 billion users with the aim to be the transactional preferred blockchain for everyone”.
Aside from an incredible amount of integrations and partnerships with a lot of existing decentralized finance platforms, according to Davis, there are two big things of Elrond that are going on: Maiar Exchange and Elrond Launchpad & NFTs.
The third cryptocurrency on the list is Cardano as the smart contracts are coming to the mainnet for Cardano in August.
“We’re about to see this just explosion of new projects coming to Cardano. We’re going to have stablecoins, we’re going to have NFT marketplaces, we’re going to have borrowing and lending platforms, decentralized exchanges and derivatives platforms”.
In particular, the crypto KOL says that he is extremely looking forward to Cardano’s launchpad and the coin OccamFi (OCC) has already on his radar.
“The Cardano community is huge, very very enthusiastic and will probably pile in like crazy to these launch pads when they start coming out to these new tokens that are going to be coming to the Cardano network”.
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