Top 5 altcoins with huge potential this month, according to crypto strategist Lark Davis
The top crypto KOL Lark Davis shares with his followers the top 5 altcoins with major growth potential to invest in May.
The analyst kicks off the video with Ramp (RAMP). RAMP DeFi is a decentralized protocol that intends to boost DeFi adoption by allowing non-Ethereum (ETH) users to stake tokens on ETH platforms; at the same time, Ethereum users can interact with the RAMP protocol and increase their yields.
“Ramp is now actually moving to a situation where its main products are coming out now…I could honestly see this still doing a 10x potentially more during this bull run”.
According to Davis, Ramp has recently announced that they have launched the rUSD Minter.
“rUSD can be minted after users have deposited their assets into the Ethereum Vaults or Binance Smart Chain Vaults. Users mint rUSD separately based on each asset staked to avoid cross-asset leveraging”.
The next coin on the list is Polygon (MATIC). Polygon (previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications.
Over the last 14 days, the coin is up 122%.
“A cooling off period for MATIC is coming. So you ready for that! It’s a good opportunity if you do see that cool off period happen”.
Davis also notes that one of the reasons for this massive rally of Polygon is due to its adoption:
“Most of the major decentralized finance protocols are now working with Polygon such as SushiSwap, Curve Finance, Aave”.
In addition, the protocol will soon launch $100 funds to support DeFi adoption.
Ethernity Chain (ERN)
The third altcoin of the month is Ethernity Chain (ERN).
Ethernity Chain is a blockchain-based platform that allows users to take advantage of the increasing popularity of non-fungible tokens (NFTs). The developers position it as a decentralized finance (DeFi) crossover project with authenticated NFTs. In the Ethernity Chain ecosystem, all NFTs can be bought and sold on-chain.
Recently, Muhammad Ali Enterprises has partnered with Ethernity Chain to eternalize Ali’s legacy in the blockchain. Not to mention, in mid April, the three-time FIFA World Cup champion Pelé, has had his illustrious career immortalized on Ethernity.
Polkadot is the fourth altcoin on Davis’s radar. “We’re in this kind of low phase where parachains haven’t launched yet and everybody’s freaking waiting for the parachains to launch”.
Hence, as the strategist says, When parachains do launch that is the magic moment when everything goes crazy for Polkadot because that means “all of a sudden, you have a real ecosystem with real users and real applications”.
The last coin on the list is Litecoin (LTC).
According to Glassnode, Litecoin has reached its highest actual price in 3 years of $129.65. Similarly, LTC’s real market cap stands at an all-time high at $8.7 billion.
“Litecoin is taking the momentum of the crypto movement this week and translating it to big gains. With its newest surge, it hopes to put its turbulent last few years behind it and look toward reaching new all-time highs. Litecoin price predictions are largely optimistic for the coin as well”, the analyst says.
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