Get the scoop on finance - sign up for mobile alerts
Altcoins
| On
April 30, 2021

Explosion of New Projects Coming to Cardano, Several Crypto Assets Poised for Major Gains: Lark Davis

By Daily Hodl Staff

Popular crypto trader Lark Davis believes a number of compelling crypto narratives will provide early investors with sizable gains this cycle.

He expects the buzz around new smart contract platforms to grow, and argues that the arrival of smart contracts on Cardano will lead to a boom of new projects that could reward investors with impressive gains.

ADVERTISEMENT

“The smart contracts are coming to the mainnet for Cardano likely in August, assuming that there’s no delays with the road map.

So we’re about to see this just explosion of new projects coming to Cardano.”

The analyst says he’s also expecting big things from Solana (SOL).

“While the Solana asset itself has been very bullish recently, it’s not what’s going to give you the biggest gains.

ADVERTISEMENT

…smart investors are already starting to look beyond the primary Solana asset and into the Solana ecosystem.”

Scalable blockchain network Elrond (EGLD) is also on Davis’ radar going into the remainder of the year. The YouTuber explains that he’s bullish on Elrond due to an upcoming airdrop the team plans to execute of its decentralized exchange token Maiar (MEX) and the release of its fundraising mechanism (launchpad) on the blockchain.

“There are two very big things going on right now that make me very very bullish about what Elrond is doing.

The first is the Maiar exchange. So this is being airdropped out, 100% of the tokens are being airdropped out to Elrond token holders. The other big thing to be excited about is the upcoming Elrond launch pad.”

Per Davis, the Elrond launchpad will introduce “a whole new wave of tokens to the Elrond universe.”

ADVERTISEMENT

Non-fungible tokens (NFTs), unique digital assets that can represent digital art, land, tickets and more, are the other trend that the YouTuber expects to continue to prove lucrative for investors.

“…the final trend that I see which will make big returns for investors… NFTs. I don’t think NFTs have even scratched the freaking surface of what is possible for this technology… This is digital ownership on steroids.”

Davis highlights that NFTs specifically offer great value proposition within the gaming world, wherein virtual assets are often bought, traded and sold, and in the sports realm, where digital cards and other collectors items are highly popular.

l

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
&nbsp
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/klyaksun/REDPIXEL.PL