The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • 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 Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • 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 Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

These Six Crypto Assets Could Rise 10x This Year, Says Trader Lark Davis

by Daily Hodl Staff
May 20, 2021
in Altcoins

Despite the rough crypto markets, trader Lark Davis says six digital assets have the potential to appreciate by ten times or more by the end of the year.

Davis kicks off the list with layer-2 decentralized exchange protocol Injective Protocol (INJ) which he argues is currently discounted as its team prepares for launch.

“I’m bringing this coin up because it is at a bit of a discount right now. It’s down by about a third in its price from its all-time high. But also injective protocol is going to be going on their mainnet soon.

“…and again that current market cap, it’s only $400 million. This could easily be a 10x or more kind of coin. Once that mainnet launches, we start seeing real demand coming in for the token, we start seeing real users coming in, it’s going to be big.”

The YouTuber names decentralized exchange QuickSwap (QUICK) as the second digital asset that he believes is set to rally. Davis argues that QuickSwap, which exists on the Polygon network, is currently undervalued.

“I think it’s actually an undervalued cryptocurrency right now because the polygon network itself has been going crazy.”

Synthetic asset platform Linear Finance (LINA) is third on Davis’s list of digital assets likely to appreciate by ten times. According to Davis, Linear Finance is currently selling at a bargain.

“[Linear Finance’s] price is actually down around 77% from its all-time high, which is a pretty dramatic fall in price for something that has been delivering on technology, has users, has been actually you know surviving and building and doing things. It is an irrationally oversold asset right now.”

“I think that this has got a lot of room left to grow considering that these big protocols like Synthetix (SNX) have 20x the market cap of what Linear Finance does right now.”

The cryptocurrency analyst and trader says decentralized exchange Bancor Network (BNT) is another digital asset with high upside potential. Per Davis, Bancor is a compelling investment as it stands out in the DeFi space.

“The product that they’ve delivered is really really cool. So what they’ve been able to solve is the impermanent loss problems. So they allow you to do single-sided liquidity provision with no impermanent loss.

“I could even see Bancor again potentially doing a 10x move if the market remains generally bullish throughout the rest of the year.”

Non-fungible token (NFT) platform EpiK Protocol (EPK) comes fifth on the list of digital assets likely to rally by over or up to ten times. Davis argues that EpiK Protocol, which is on the verge of conducting a token sale, possesses ‘very high potential’ due to the niche market it is targeting – gaming.

“What’s interesting too about EpiK is that there’s not really any direct competitors in the crypto space to what they’re trying to do. They’re tapping specifically into the gaming market working with these massive brands. They’re tapping into a userbase here of a hundred million potential users and gamers.”

The YouTuber rounds off the list with Solana blockchain-based DeFi platform Mercurial Finance (MER) which is in the process of undergoing a token sale.

“So if you’re looking to get exposure to an early mover in the Solana ecosystem the Mercurial Finance is definitely one to be checking out.”

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

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines


 
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/Art Furnace

Submit a Press Release

Industry Announcements

  • Mooky.io – $750,000 Raised Within a Matter of Days
    June 5, 2023
  • DPAT Raises Private Funding To Enhance Web 3.0 Ecosystem
    June 2, 2023
  • Pink Moon Studios Reveals ‘KMON: World of Kogaea’ Pioneering a New Era in Web 3.0 Open-World Gaming
    June 2, 2023
  • OKX Proposes Industry-First BRC-30 Token Standard To Enable Bitcoin and BRC-20 Token Staking
    June 2, 2023
  • Devour and AlterVerse Partner To Bring the World’s First Web 3.0 Food Ordering Marketplace to the Metaverse
    June 1, 2023
  • Bumper’s Breakthrough DeFi Protocol Set To Reshape Options Pricing
    May 31, 2023
  • MetaZone Secures Funding To Expand the World’s First Tokenized App Platform for the Metaverse
    May 30, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$25,742.90
$25,742.90
5.69%
Ethereum
$1,809.07
$1,809.07
4.97%
Cardano
$0.351778
$0.351778
7.7%
XRP
$0.508587
$0.508587
6.13%
Dogecoin
$0.066562
$0.066562
8.88%

Spotlight

  • Bitcoin (BTC) About To Flash Signal That ‘Historically’ Marks Beginning of Fresh Bull Runs: Analyst PlanB
    May 29, 2023
  • Bitcoin Firebrand Michael Saylor Says Banking Establishment Will Oppose CBDCs, Predicts Stablecoin Wind Down
    May 29, 2023
  • Solana (SOL) Could See Massive Upside in the Future, According to VanEck Digital Assets Research
    May 29, 2023
  • Trader Who Caught 2023 Crypto Rally Unveils Strong Signal for Bitcoin (BTC) ‘Moon Time’ – Here Are His Targets
    May 29, 2023
Coinfest Asia Banner
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.
Featured Image: Shutterstock/Billion Photos

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 •
Futuremash •
Industry Announcements

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

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • 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 Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2023 The Daily Hodl