Crypto influencer and trader Lark Davis says a trio of little-known cryptocurrencies are poised to erupt in the next long-term Bitcoin (BTC) bull run.
Davis tells his collective group of 256,000 followers on YouTube and Twitter that he’s looking at a select few crypto assets built on Ethereum competitor Polkadot.
At the top of the crypto influencer’s list is Ocean Protocol (OCEAN). Davis says if data is the new oil, then Ocean is the data refinery.
“So with Ocean, basically, they make it super easy for anyone to come in and launch their own data marketplace. They also help keep your data secure via tokenized data. Ocean will even let you buy and sell that tokenized data while at the same time retaining your privacy and security over that data.”
The crypto influencer attributes Ocean’s massive growth potential to its ability to allow companies to efficiently sell their data and buy data from other firms in a safe and secure marketplace.
Number two on the list is Energy Web (EWT), a protocol that Davis says has the capacity to transform the outdated energy industry.
“Now the intention of Energy Web is to be THE blockchain for the energy sector. Now obviously, a variety of applications can be built here addressing just a really big range of use cases – things like electric vehicle charging, peer-to-peer energy trading, energy certificates as well as energy trading between companies, businesses and all that stuff.”
Davis contends that Energy Web holds a lot of promise as it could be the right tech solution at introduced at the right time to help upgrade the vastly antiquated global grid in energy generation infrastructure.
“The next decade, we’ll see a big upgrade happening to our infrastructure for electricity globally, and blockchain – something like Energy Web – could find itself right at the center of that picture.”
The last Polkadot-based asset on the list is Kusama, which Davis refers to as the “bleeding edge of Polkadot’s ecosystem’s development.”
“Kusama is actually a parallel network to Polkadot, which has been built on the same technology as Polkadot but which has its own parachains, a more rapid form of governance, and its own native KSM token. The idea of Kusama is to give Polkadot cryptocurrencies an environment where they can go, they can experiment, they can innovate, they can play around… Things will happen here before moving on to the main Polkadot chain.”
Davis notes that Kusama’s future is especially dependent on Polkadot’s success.
“Everything that will be built on Polkadot will likely pass through Kusama first. So the more Polkadot grows, the more Kusama will grow.”
According to the crypto influencer, Kusama has tremendous growth potential due to its relatively low market capitalization.
“The current marketcap of Kusama is like 1/15th that of Polkadot so it could have some potential for some sick gains.”
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Jurik Peter
