Crypto trader and stock investor Lark Davis says he is currently watching five low-cost altcoins on Binance carefully and believes two of them will achieve unicorn status.
Although it is priced at just $ 0.33, Polygon (MATIC), the first altcoin on its list, has a high market cap of $ 1.8 billion.
“Despite its high market value, I believe it is a seriously high potential coin that wider markets currently do not really understand its value.”
Davis says Polygon has a larger ecosystem than many other blockchains with larger market share, and cites several upcoming integrations as the reason Polygon thinks its value will increase.
The next coin on the list; Injective Protocol (INJ), which Davis calls “the beast”. Currently in the test network phase, Injective offers zero gas fee trading thanks to its Second Layer technology. Injective also offers derivatives trading, including futures contracts. Trader expects Injective to reach unicorn status ($ 1 billion market capitalization) when its mainnet is launched.
Davis also thinks Marlin (POND) is on the rise. Marlin (POND), a high-performance zero-layer blockchain network, says it is geared towards providing high-quality infrastructure for decentralized finance (DeFi).
“Think of it like a high octane gasoline they can use to make things better.”
Number 4 on Davis’ list is KAVA, an underestimated yet powerful DeFi protocol, according to him. Davis, who has long had positive thoughts about KAVA, believes that the asset will be a $ 1 billion market-worth crypto asset.
KAVA allows its investors to lend, borrow, earn and trade for low priced fees on its platform. At the same time, Kava brings a new product line to the market.
At the bottom of the list is Open Ocean (OOE). Although it is still in the token sale phase, it can enter Davis’ top five list because Davis thinks Binance is a leading investor:
“Binance almost always lists the coins it has invested in.”