Despite the harsh crypto markets, trader Lark Davis said six digital assets could grow ten times or more by the end of the year.
Davis starts the list with the Layer 2 decentralized exchange protocol, Injective Protocol (INJ), which he claims is currently not being considered when preparing the team for launch.
“I’m bringing this coin up because it currently has a certain discount. The price is down about a third from its all-time high. But the injection protocol will also be available on their main network soon.
“… and again this current market cap, it’s only $ 400 million. This could easily be a 10x or more type of coin. Once the mainnet is up, we see real demand for the token. We see that real users come in. It’s going to be big. “
The YouTuber names the decentralized exchange QuickSwap (QUICK) as the second digital asset that he believes will be a rally. Davis argues that QuickSwap, which is present on the Polygon Network, is currently undervalued.
“I think it’s an undervalued cryptocurrency right now because the polygon network itself has gone crazy.”
Synthetic asset platform Linear Finance (LINA) ranks third on Davis’ list of digital assets and is expected to improve 10-fold. According to Davis, Linear Finance is currently selling at a bargain price.
“[Linear Finance’s] The price is actually down around 77% from its all-time high. This is a pretty dramatic drop in the price of something that technology delivers, has users, and knows you survive, build, and do. It’s an irrationally oversold asset right now. “
“I think this leaves a lot of room for growth, considering that these big protocols like Synthetix (SNX) have 20 times the market cap of what Linear Finance is doing right now.”
The cryptocurrency analyst and trader says the decentralized exchange Bancor Network (BNT) is another digital asset with high upside potential. According to Davis, Bancor is a compelling investment as it stands out in the DeFi space.
“The product they delivered is really, really cool. So what they’ve been able to solve are the volatile loss problems. So they allow you to provide one-way liquidity with no volatile loss.
“I could even see Bancor possibly take a 10-fold step if the market remains broadly bullish for the rest of the year.”
Non-fungible token (NFT) platform The EpiK protocol (EPK) ranks fifth on the list of digital assets that are expected to grow more than or up to ten times. Davis argues that the EpiK protocol, which is about to conduct a token sale, has “very high potential” because of the niche market it is targeting – gaming.
“The interesting thing about EpiK is also that in the crypto space there are no direct competitors to what they are trying to do. They are specifically tapping into the gaming market by working with these massive brands. They are tapping a user base of a hundred million potential users here and players. “
The YouTuber rounds off the list with the Solana blockchain-based DeFi platform Mercurial Finance (MER), which is currently conducting a token sale.
“So if you are looking for an early-stage funder in the Solana ecosystem, you should definitely check out Mercurial Finance.”
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