“The savvy investor better beware of these hot new trending coins, because they could be the next big thing of tomorrow,” he told his YouTube subscribers.
Here are the altcoins the analyst expects to earn 100 times
The first is SeaScape Network, a game ecosystem platform for DeFi and NFT economy. SeaScape is launching a platform that will allow players to play blockchain-based games. Davis believes the game industry is a natural fit for blockchain “because these guys are always experimenting with new technologies.”
The team behind SeaScape also developed Blocklords massive multiplayer online game and gave them a great experience in blockchain gaming. The project was also incubated by DAO Maker, a venture capital firm that has invested in some of today’s most successful token launches.
Second on Davis’ watch list is Bridge Mutual, a decentralized insurance platform. The token appeals to a market segment with few players and makes it even more attractive. The current market leader, Nexus Mutual, provides Bridge Mutual with great growth potential.
The Bridge Mutual token (BMI) is currently trading at $ 4.27. As Davis explained, it increased by 3.458% from the public sale price of just $ 0.12.
In my opinion, it’s just getting started. I think we will see that it will get a lot higher.
DEX, DeFi and Oracle projects
Davis also supports Sifchain Finance, a multi-chain decentralized exchange (DEX). The platform aims to fire cross-chain transactions for the best 20-25 blockchain network. It is built on Cosmos, made 100 times more efficient than its Ethereum-based competitors, and also priced many traders out of the market due to their very high trading fees. Wages at Uniswap average between 20 and 40 dollars.
Sifchain tokens (ROWAN) would go on sale on February 3. However, the project postponed the token sale as explained on the website.
Paralink Network is the fourth coin on the trader’s radar. The multi-chain oracle platform distinguishes itself from others with its unique Paralink Query Language that allows users to search for verifiable data on databases and APIs.
Use cases here – money markets, insurance, derivatives, prediction markets, governance, gaming. Tokens can also be staked to earn rewards. […] It’s based on Polkadot and everything in Polkadot is very high.
Last on YouTuber’s list is DAOVentures, a cryptocurrency robot advisor and auto money manager. He wants to bring DeFi to the masses with a user-friendly interface where you can efficiently farm, lend, borrow and more.
In fact, I am really hopeful on any of these new platforms looking to make DeFi easier for the regular user. There are a few coming out, but this one has a lot of potential.