Crypto analyst and YouTuber Lark Davis announced four key crypto trends for big gains in 2021.
The cryptocurrency market has grown significantly over the past four months. Bitcoin and Ethereum increased their market valuation to trillions of dollars, and altcoins slowly gained momentum to challenge Bitcoin’s dominance. With the crypto market constantly changing, Lark Davis, a cryptocurrency analyst on Youtube, announced four major crypto trends that could lead to huge gains.
As an asset, Solana trades at $ 43 and is currently ranked as the 16th largest coin by market capitalization. Crypto has seen a 1.027 percent price increase in the past three months, reaching an all-time high of $ 3.87. The Solana blockchain handles 50,000 transactions per second and, coupled with low fees, offers great value to both developers and users.
While Solana is doing well as an asset, investors should also pay attention to other coins in the Solana ecosystem, Davis says. There are many coins in the Solana ecosystem, including Chainlink, Wave and The Graph. There are many low value coins with potential such as Raydium and Serum within the ecosystem.
Davis from Crowny; He mentioned it as one of the newly launched coins that reward users if they interact with the ecosystem. Solana season has arrived, and the excitement surrounding the coins could result in huge gains, with Crowny rising 250 percent in five days.
Season of Elrond
Davis announced that the Elrond season is also on the way. As an asset, Elrond is traded at $ 184 at the time of writing, and its blockchain is incredibly scalable. In addition to these, it has a lot in common with Bitcoin with its 20 million supply.
Davis believes the asset is ready to rise, due to its many partnerships with decentralized finance platforms. He also thinks the launch of the Maier (MEX) exchange is a huge improvement for the ecosystem. Maier is touted as the Uniswap of the Elrond ecosystem. This is a big deal because it will set in motion the wave of decentralized finance in the Elrond network. He also stated that the release of the Elrond launchpad (fundraising mechanism) will bring a wave of tokens to the Elrond universe. This will reward the owners of the asset in the long run.
Cardano is currently trading around $ 1.3 and, equally important, it has a large user base. Davis noted that smart contracts will likely come to the mainnet by August.
The Cardano platform will therefore boom in the NFT market, stablecoins, lending and borrowing platforms, derivative exchanges, decentralized exchanges and many more. Davis also mentioned some of the launchpads on Cardano, such as OccamFi, which has a bullish trend around it.
Pump season comes on occasionally and often burns investors off guard. Dogecoin, for example, moved from a few cents and has increased by 1000% in recent months as the pump season gears.
The Polkadot hype train was massive in the last quarter of 2020 and the first few months of 2021, according to Davis. This season should not be ignored. He also stated that the season of Polygon is coming, as the ecosystem has some integration with Defi platforms, with new money coming into the ecosystem.
There are more than 100 NFT coins on the market, and Davis believes investors should consider some of these tokens for a big profit. Ethernity Chain is one of the coins that seems likely to rise suddenly. NFTs create interest with the participation of many celebrities in this trend.