Here’s how to find 100x altcoins crypto gems before they explode, according to KOL Lark Davis
Trader and influencer Lark Davis is revealing his strategies on how to find altcoins that have the potential to generate 100x gains. He believes that 2021 is the year that many people can become millionaires through the crypto market, and especially with altcoins that will rise up to 100x.
Crypto KOL Lark Davis
In his video, Davis advises his 231K subscribers to look at the market capitalization of the coins and choose the ones with a market capitalization under 10 million dollars.
“The reason people buy Bitcoin and Ethereum is that they are the safest bets in the market. They don’t buy them for the sick gains. If you want to get a 100x return, you need to look for smaller market cap coins, ideally be looking for a coin with a market cap under 10 million dollars in terms of financial opportunity”.
The trader recommends Coingecko as an ideal platform for investors who are in search of new altcoins. This platform has a section called “Newly added coins” which is great for “finding those gems” with 100x upside potential. Davis adds:
“Remember just because a coin is trending does not mean that you should buy it but it can be a way to find out about interesting coins that are gaining in popularity, sometimes those are very small market cap coins that could have big gains potential for investors seeking 100x gains”.
Another area for investors to focus on is token sales. According to Davis, there have been many sales in recent months that have yielded exorbitant returns. As such, he recommended investors make an early entry into projects via Binance LaunchPad, Polkastarter, Paid Network, etc.
However, the crypto KOL also emphasizes the risk of engaging in token sales:
“To be eligible to get into those sales, you need to hold their tokens now that can end up costing you thousands of dollars just for a chance, not a guarantee”.
The next tip on Davis’s list is to pay attention to “ignored” projects.
The Ethereum DeFi sector got attention long after the first DeFi tokens were deployed and early entrants received the highest rewards. At the current time, the crypto KOL sees potential in Binance Smart Chain and Cosmos ecosystems, which are “an area worth looking into that is only getting bigger and bigger and more powerful”.
“Go beyond crowd trading, start thinking about the things that will come next for DeFi. What about Ethereum layer 2? Polygon decentralized finance has gone crazy and is very undervalued in comparison”.
Last on Davis’s tip list is to look at the Total value locked (TVL). By doing this, investors can find “undervalued” protocols, such as BadgerDAO.
- Trader Andrei Jikh Betting On Cardano (ADA) – Here’s Why
- Big Things Are Happening In The Cryptocurrency Space In March 2021, According To Altcoin Daily’s Austin Arnold