Top 5 Altcoins Could Beat The Market In January, According to Lark Davis
The market is red these days, and we can see this situation happens shortly. Have you decided on your trading strategies yet? Will you keep on holding for the long-term or just sell whenever it pumps?
Let’s look at the top 5 altcoins that can beat the market in January 2022 that Lark Davis, a crypto investor, thinks you should have on your radar to have more decisions.
The first altcoin to have on your radar is Terra (LUNA). This blockchain protocol uses fiat-pegged stablecoins to power price-stable global payments systems. Terra is ranking ninth on the top 10 cryptocurrencies by market cap.
According to its white paper, Terra combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offers fast and affordable settlements.
We’re starting to see a lot of interest coming in for the Terra ecosystem. But the most important thing is the stablecoin has found a home across DeFi. When the stablecoin surges, there is more adoption, the higher the price of LUNA is raised. Because people have to burn LUNA to make UST, it’s a very virtuous cycle between stablecoin and the LUNA assets. That’s why Terra has a huge potential and be the first altcoin to put on your radar.
The second altcoin to mention is Chainlink (LINK). Chainlink is a blockchain abstraction layer that enables universally connected smart contracts. Chainlink allows blockchains to securely interact with external data feeds, events, and payment methods, providing the critical off-chain information needed by complex smart contracts to become the dominant form of digital agreement.
This network secures with their trusted data feeds hundreds of billions of dollars of value. It has been getting some great levels of adoption currently $75 billion of total value secured by Chainlinks oracles. That’s a 10x increase over the previous year.
They’re currently supporting over 700 oracle networks, more than a thousand projects and we’re gonna see probably this double.
The third one is Solice (SLC). Solice is a VR metaverse on the Solana blockchain where users can play, create, own, socialize, and monetize their virtual experiences.
Solice supports multiple platforms removing the barrier of disparate hardware, software, and operating systems. As a result, people can invite and interact with their friends and family, increasing the user base’s exponential growth potential.
In Solice’s world, players can collect numerous pets, gemstones, collectibles as NFTs, develop their assets, mini-games, and build on top of their land plots.
The Solice metaverse is the first cross-platform VR metaverse on the Solana blockchain. Solana will continue to be big, so Solice is not an exception.
The next altcoin to mention is Curve (CRV). Curve is a decentralized exchange for stablecoins that uses an automated market maker (AMM) to manage liquidity.
Launched in January 2020, Curve is now synonymous with the DeFi phenomenon and has seen significant growth in the second half of 2020.
People can use a layer 2 or use something like Polygon to go and farm some Curve tokens and earn up to 40% profit just from yield farming. That is a massive demand for this token. We’re going to start acquiring these tokens as reserve assets within our broader portfolios so we have DeFi protocols coming in buying Curve.
The last altcoin on the list is Acala (ACA). ACA is the utility token that powers the DeFi hub of Polkadot. Incentivizes network nodes to monitor and relay messages to Polkadot. Empower the community to vote, elect council members, and drive the development of Acala.
ACA is coming up soon. Acala had a token launch on the Kusama network, Acala Kusama version is called Karura (KAR). This will also raise the price of ACA.
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