Despite the market crash, popular analyst Lark Davis says six altcoin projects have the potential to gain ten times or more in value by the end of the year.
Lark Davis: Injective Protocol (INJ) will be huge
Renowned analyst Lark Davis starts the list with the layer-2 decentralized exchange protocol Injective Protocol (INJ), which he claims is currently discounted as his team prepares for launch. Lark Davis adds the following to his comments on the subject:
I’m bringing this cryptocurrency because it’s a bit discounted right now. About a third of its price fell from its all-time high. But also Injective Protocol (INJ) will be on their main network soon… And again, the current market cap is just $ 400 million. This can easily be 10x or more of a type of cryptocurrency. As the mainnet becomes available, we will begin to see real demand for altcoin coming. Now we’re starting to see real users coming, it’s going to be huge.
Lark Davis: Altcoin project QuickSwap (QUICK) ready for recovery
YouTuber calls the decentralized exchange QuickSwap (QUICK) as the second altcoin project it believes is ready to recover. Lark Davis argues that the QuickSwap in the Polygon network is currently of low value. Lark Davis adds the following to his comments on the subject:
I think it’s actually an underrated cryptocurrency right now, because the Polygon network itself is crazy.
Lark Davis: I think this altcoin project has a lot of room left to grow
Synthetic asset platform Linear Finance (LINA) ranks third on Lark Davis’ list of cryptocurrencies likely to gain tenfold value. According to Lark Davis, Linear Finance is currently selling on a bargain. Lark Davis adds the following to his comments on the subject:
Linear Finance price actually dropped about 77% from its all-time high. This means a pretty dramatic drop in the price of something tech-driven, with users. You actually know how to survive, build and do things. It’s currently an unreasonably oversold asset. Given that these major protocols like Synthetix (SNX) currently have 20 times the market value of what Linear Finance is doing, I think this has a lot of room to grow.
Lark Davis: I can even see the Bancor Network making a 10fold move
Cryptocurrency analyst and trader Lark Davis says the decentralized exchange Bancor Network (BNT) is another cryptocurrency with high potential. Bancor is a challenging investment, as it stands out in the DeFi space, according to Lark Davis. Lark Davis adds the following to his comments on the subject:
The product they deliver is really great. So what they can solve is discontinuous loss problems. Thus, they allow you to provide unilateral liquidity without permanent damages. I can even see Bancor potentially making a 10-fold move if the market continues to show an overall bullish trend for the rest of the year.
Lark Davis: One of the altcoins that will make 10x in EpiK Protocol and Mercurial Finance
The immutable token (NFT) platform EpiK Protocol (EPK) ranks fifth on the list of cryptocurrencies, which the analyst says will make 10x. Lark Davis argues that EpiK Protocol, which is on the verge of realizing a token sale, has “very high potential” due to the game, which is the niche market it targets. Lark Davis adds the following to his comments on the subject:
The interesting thing about EpiK is that it is not a direct competitor to what they are really trying to do in the crypto space. By working with these huge brands, they especially enter the game market. Here they benefit from a user base of one hundred million potential users and players.