Lark Davis, a cryptography analyst and YouTuber, announced four key trends in cryptography to make big gains in 2021.
The cryptocurrency market has grown significantly over the last four months. Bitcoin and Ethereum increased their market valuation to trillions of dollars, and altcoins were gaining momentum to challenge Bitcoin’s dominance. With the cryptocurrency market constantly changing, Lark Davis, a cryptocurrency analyst at Youtube, announced four major cryptocurrency trends that could lead to huge gains.
As an asset, Solana is trading at $ 43 and is currently ranked as the 16th largest currency by market capitalization. Crypto has experienced a 1.027% rise in prices over the past three months, reaching an all-time high of $ 3.87. The Solana blockchain manages 50,000 transactions per second and, along with low rates, offers great value to both developers and users.
While Solana works well, investors should also pay attention to other currencies in the Solana ecosystem, according to Davis. There are many coins in the Solana ecosystem, including Chainlink, Wave and The Graph. There are many low-value coins with potential, such as Raydium and Serum within the ecosystem.
Davis de Crowny; He mentioned it as one of the newly launched coins that rewards users if they interact with the ecosystem. The solana season has arrived and the excitement surrounding the coins could generate huge gains, with Crowny up 250% in five days.
Davis announced that Elrond’s season is also on its way. As an asset, Elrond is trading at $ 184 at the time of writing, and its blockchain is incredibly scalable. On top of that, it has a lot in common with Bitcoin, with its 20 million supply.
Davis believes the asset is poised to increase, due to its many partnerships with decentralized financing platforms. He also believes the launch of the Maier Exchange (MEX) is a big improvement for the ecosystem. Maier is known as the Uniswap of the Elrond ecosystem. This is a big problem because it will launch the wave of decentralized funding in the Elrond network. He also claimed that the launch of the Elrond launcher (fundraising mechanism) will bring a wave of tokens to the Elrond universe. This will reward the asset owners in the long run.
Cardano is currently trading at around $ 1.3 and, just as importantly, has a large user base. Davis noted that smart contracts are likely to hit the main network in August.
Therefore, the Cardano platform will exploit in the NFT market, stables, loan and loan platforms, derivatives exchanges, decentralized exchanges and many others. Davis also mentioned some of Cardano’s pitchers, such as OccamFi, which has an upward trend around it.
The bomb season comes from time to time and often burns investors carelessly. Dogecoin, for example, went from a few cents and has risen 1000% in recent months as the bomb season accelerates.
According to Davis, the Polkadot advertising train was massive during the last quarter of 2020 and the first months of 2021. This season should not be ignored. He also stated that the season of the polygon is approaching, as the ecosystem has some integration with the Defi platforms with the incorporation of new money into the ecosystem.
There are over 100 NFT coins on the market and Davis believes investors should consider some of these tokens to make a big profit. Ethernity Chain is one of the currencies that seems to be suddenly rising. NFTs generate interest with the participation of many celebrities in this trend.
Disclaimer: What is written here is not investment advice. Investments in cryptocurrencies are high risk investments. Every investment decision is under the responsibility of the people. Coinfinans and the author of this content cannot be held responsible for personal investment decisions.