Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
The Daily Hodl
No Result
View All Result

Crypto Trader Lark Davis Unveils Latest Altcoin Investments, Says He’s Bullish on 4 New Coins

by Daily Hodl Staff
January 25, 2021
in Altcoins, Trading
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎

Crypto analyst and influencer Lark Davis is pulling back the curtain on the latest additions to his altcoin portfolio which he believes have the potential to make investors rich this altseason.

In a new video, Davis tells his 183,000 subscribers on YouTube that he’s invested in RAMP, a decentralized finance (DeFi) project that aims to free up billions of dollars of liquidity staked in protocols such as Polkadot (DOT), Ethereum (ETH), and Cardano (ADA).

ADVERTISEMENT

“RAMP, however, allows you to unlock that value by letting you stake via their smart contracts and then letting you get their rUSD stablecoin in an equivalent amount to your staked capital. So you can then use these USD coins to go out and earn more yield. Basically, you’re going to be doubling, tripling, or potentially even many times more multiplying your gains that you could be getting otherwise.” 

Davis highlights that RAMP is en route to fulfilling its biggest use case as its rUSD minter is scheduled to go live soon. Should RAMP attract users to their platform, Davis believes that the coin can surge beyond $1, representing an increase of over 185% from its current value of $0.35.

The next coin on the list is MahaDAO’s algorithmic stablecoin ARTH token.

“The supply of the coin is elastic. When the value of the ARTH coin is above its target price what happens is that the protocol will issue out new tokens in an attempt to dilute the supply and bring the price back down to its peg. When ARTH is trading under the target price, they then issue out bonds in the form of debt that are used to buy back and burn ARTH coins.”

Davis emphasizes ARTH’s huge upside potential as its market capitalization of $2 million is relatively small compared to other seigniorage coins like Empty Set Dollar’s (ESD) valuation of $560 million.

The third altcoin on Davis’ radar is Polkadot-based DeFi protocol and liquidity aggregator Reef Finance (REEF).

ADVERTISEMENT

“They source liquidity from both centralized and decentralized exchanges to allow for you to get the best trading prices. They also offer smart lending, borrowing, staking, and mining via the Reef yield engine.”

Davis says REEF has managed to survive the “farm and dump” phase, which tends to occur in new DeFi projects. He now expects REEF to start performing well and breach its all-time high of $0.05 on the way to price discovery.

The fourth coin on Davis’ watchlist is Robonomics Network (XRT), a project designed to connect robots and place them under the control of blockchains such as Polkadot and Ethereum (ETH).

“Now the internet of things is becoming more and more real every day requiring more and more solutions to meet that reality that world is going to require deep and efficient communications. Robonomics is there to allow for robots as a service to become a thing by connecting all these different devices. It’s aiming to be at the forefront of bringing together blockchain and robotics.” 

Davis predicts that robotics will become a massive trend in the coming years and Robonomics is positioning early to rise with the trend.

I
Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram



Check Latest News Headlines


ADVERTISEMENT


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 loses 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/kmls

Submit a Press Release

Crypto Livewire – Press Releases

  • Mogul Brings NFTs and DeFi to the Film Industry, Announces Access Pass Sale
    March 5, 2021
  • eToro and DS TECHEETAH Change Face of Sponsorship With Unique Profit Only Deal
    March 3, 2021
  • Unifi Farms Beta Launches on Unifi Protocol to Pioneer No-Stake Farming
    February 26, 2021
  • Bang Bang: Critical Factors Fueling Rise of the Retail Investor
    February 25, 2021
  • How Traders Make Money in Both Bull and Bear Markets on BigoMex
    February 25, 2021
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$48,762.00
$48,762.00
4.66%
Ethereum
$1,537.89
$1,537.89
4.56%
Binance Coin
$225.86
$225.86
3.86%
Polkadot
$33.59
$33.59
3.2%
Cardano
$1.16
$1.16
10.3%
XRP
$0.456989
$0.456989
1.16%
ADVERTISEMENT

Spotlight

  • Crypto Trader Lark Davis Lists Top Six Altcoins To Buy in March
    February 28, 2021
  • Real Vision Tackles Altcoin Market, Analyzes Crypto Portfolio Construction Beyond Bitcoin and Ethereum
    March 4, 2021
  • Cathie Wood Says Janet Yellen Doesn’t Understand Cryptocurrency, Bitcoin Far More Energy Efficient Than Gold
    March 1, 2021
  • Analyst Who Called Bitcoin and Crypto Correction Says Market Gearing Up To Explode – Here’s His Timeline
    March 5, 2021

DON’T MISS A BEAT

Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options

By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.

Check your inbox for confirmation email.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX • Explore • Futuremash •
Crypto Livewire

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2021 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro

© 2020 The Daily Hodl

×
We use cookies to give you the best online experience possible. Continue browsing if you are happy with that, or see how to manage cookies.