Crypto trader and influencer Lark Davis is naming five low-cap crypto assets that he says can potentially post 100x gains in the upcoming year.
At the top of Davis’ list is Injective Protocol (INJ), which he says has what it takes to be a unicorn, or an asset with a billion-dollar market cap.
“[Injective Protocol] is a layer-two decentralized exchange this is going to be bringing in a wide range of different derivative products… Injective will also have zero gas fees on the mainnet when it goes live and it will be super high speed. That’s a big difference over most of the decentralized exchanges that people are using these days which are both slow and expensive… The INJ token is a governance token with burn functions, thus ensuring a long-term token velocity for holders.”
Number two on the list is Kylin Network. Davis describes the project as a new oracle play for the Polkadot (DOT) ecosystem.
“We all know how much hype there has been around oracles and around Polkadot over the last year. This is a crypto that’s tapping into both of those trends. It’s a Polkadot-based oracle.”
The crypto influencer highlights that Kylin Network comes with additional features such as data analytics and a data marketplace. However, Davis notes that the project’s mainnet will not launch until Q3 of 2021.
Third on the trader’s list is Terra Virtua (TVK). Davis says that those who are bullish on non-fungible tokens (NFTs) should keep a close watch on the protocol.
“Terra Virtua is a fully interactive VR (virtual reality) platform working with some truly mega brands. NFTs, as you know, are super, super hot. Unique digital collectibles are already selling for tens or even sometimes hundreds of thousands of dollars… Terra is taking NFT technology to the next level by mixing in hot brands, blockchain technology, as well as AR (augmented reality) and VR tech.”
At number four is PowerTrade (PTF). According to Davis, the small market cap coin has been flying under the radar since its token sale.
“PowerTrade is a Bitcoin options trading platform. Their idea is to be a Robinhood-like user experience but for crypto traders, basically lowering the barriers, taking a mobile-first approach for options traders and actually, they will not just stay with Bitcoin. They’re going to be bringing a lot of other cryptos as well… This one has some seriously big backers. They got Pantera. They have the founders of CoinGecko and Synthetix. All of that gives this project a lot of weight and seriousness behind it. For such a low market cap coin, it’s really an anomaly.”
The last coin on Davis’ list is APY.Finance (APY), which bills itself as the “yield farming robo advisor.”
“[APY.Finance] is aiming to lower the barrier to entry, time commitment, and cost for DeFi (decentralized finance) users by allowing them to earn really good yields with minimum fuss. The platform handles basically the work of finding you the best yields depending on your risk tolerance levels.”
Davis says that while APY.Finance has some similarities with DeFi yield aggregator yearn.finance (YFI), he emphasizes that APY can print serious gains should it capture even a small percentage of YFI’s market share.
Follow us on X, Facebook and TelegramDon't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
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/Art Furnace
