Crypto analyst Lark Davis says he’s bullish on two new, low-cap altcoins.
In a new YouTube video, Davis predicts many altcoins will see new all-time highs in the coming cycle.
However, the popular analyst also warns that 90% of altcoins are “junk” that will end in “catastrophic failure.”
Davis points to UniLend (UFT), a decentralized protocol that combines spot trading and money markets with lending/borrowing services, as a small asset that could see major returns for investors. Davis says the project is designed to list any Ethereum-based token, and could open up “billions in liquidity.” UTF has a $7.3 million market cap and is trading around $0.68 at time of writing, according to CoinGecko.
In addition, Davis says APY.Finance (APY), a yield-farming robo-advisor platform, has the potential for significant gains. It has a market cap of $3.368 million and is trading around $0.46 at time of writing, according to CoinGecko.
In terms of bigger market cap plays, Davis is also bullish on Uniswap (UNI) and Maker (MKR), predicting both will hit all-time highs in the next cycle.
He’s also investing in Polkadot (DOT).
“I still think Polkadot is super, super hot and it’s going to be a big player in the coming years. I’m still buying Polkadot, and the Polkadot ecosystem plays could also do very, very well.”
Davis does say he’s staying away from the majority of smart contract platforms, because most are “functionally dead.” However, he suggests keeping an eye on Layer 2 scaling solutions like the Matic Network (MATIC).
“Matic, for example – it’s already got a bigger functioning ecosystem than like 90% of the Layer 1 smart contract platforms, so that is a Layer 2 complement for Ethereum. Very interesting to keep an eye on. Very bullish on Matic – right now it’s the leader in terms of Layer 2.”
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