Top trader Lark Davis shares with his subscribers the top altcoins he has been buying during the dips with the greatest chance for successful rallies.
Polkadot (DOT)
First on the trader’s list is Polkadot (DOT). The trader highlights that the project took over parachain slot auctions from its Canary network Kusama and now participants can stake their DOT tokens for the project of their choice.
“I think that the parachain auctions are going to be massively profitable.”
The crypto KOL then unveils the names of projects he has invested DOT tokens, including Moonbeam, Enjin, Parallel Finance, and Acala.
Bridge Mutual (BMI)
Next up on the list is Bridge Mutual, a true decentralized, user-governed ecosystem. The trader shares that this decentralized insurance provider has started the first-ever insurance coverage offering in one of the fastest-growing digital asset markets: stablecoins.
“The service one-ups the competition by offering to ensure stablecoins and exchanges, not just smart contracts.”
Additionally, Bridge Mutual is built on the Polkadot network, which offers fork-less, on-chain upgrading capabilities and a superior transaction fee structure and is expanding out to other networks such as Solana, and forging high-rank partnerships.
Trader Joe (JOE)
Trader Joe (JOE) is the next altcoin on the list. It is the biggest and most popular decentralized exchange on the Avalanche ecosystem.
“I have actually been farming a whole bunch of Trader Joe’s tokens and also Avalanche tokens. Right now, Trader Joe is running an incentive program where you can get about 75% APY paid out in JOE tokens and AVAX tokens for providing liquidity into the JOE/AVAX pair.”
Moreover, it is also suggested that the current huge trading volume, together with $2.5 billion in total value locked provides bullish indicators for an upcoming rally.
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