Crypto analyst Lark Davis says he’s bullish on two new, low-cap altcoins.
In a new YouTube video, Davis predicts many altcoins will see new all-time highs in the coming cycle.
However, the popular analyst also warns that 90% of altcoins are “junk” that will end in “catastrophic failure.”
[adinserter block="1"]Davis points to UniLend (UFT), a decentralized protocol that combines spot trading and money markets with lending/borrowing services, as a small asset that could see major returns for investors. Davis says the project is designed to list any Ethereum-based token, and could open up “billions in liquidity.” UTF has a $7.3 million market cap and is trading around $0.68 at time of writing, according to CoinGecko.
In addition, Davis says APY.Finance (APY), a yield-farming robo-advisor platform, has the potential for significant gains. It has a market cap of $3.368 million and is trading around $0.46 at time of writing, according to CoinGecko.
In terms of bigger market cap plays, Davis is also bullish on Uniswap (UNI) and Maker (MKR), predicting both will hit all-time highs in the next cycle.
He’s also investing in Polkadot (DOT).
“I still think Polkadot is super, super hot and it’s going to be a big player in the coming years. I’m still buying Polkadot, and the Polkadot ecosystem plays could also do very, very well.”
[adinserter block="1"]Davis does say he’s staying away from the majority of smart contract platforms, because most are “functionally dead.” However, he suggests keeping an eye on Layer 2 scaling solutions like the Matic Network (MATIC).
“Matic, for example – it’s already got a bigger functioning ecosystem than like 90% of the Layer 1 smart contract platforms, so that is a Layer 2 complement for Ethereum. Very interesting to keep an eye on. Very bullish on Matic – right now it’s the leader in terms of Layer 2.”
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