Popular crypto commentator and trading analyst Lark Davis has highlighted a collection of altcoins that appear poised to enter a bull run.
Speaking on a YouTube video, Davis told his followers to pay attention to decentralized finance (DeFi) assets built on the ethereum-competitor Polkadot. Davis highlighted Acala (ACA) as a particular project that has been gaining interest from crypto insiders and investors.
He said,
[Acala] is a cross-chain capable, multi-collateralized, and decentralized stablecoin for the Polkadot ecosystem which will bring in the Acala dollar governed by the ACA token. The platform will allow users to send, receive, lend, and be rewarded in USD across any blockchains connected to the Polkadot network.
Davis continued, explaining that ACA would allow users to stake assets and receive proxy tokens for use on DeFi platforms while still earning rewards.
The popular crypto analyst also highlighted Ocean Protocol (OCEAN), a project that enables developers to build applications for securely publishing, transferring and consuming private and public data.
In addition to ACA and OCEAN, Davis told his followers to pay attention to Mantra DAO (OM), a new decentralized product.
He said,
Mantra DAO is a decentralized autonomous organization that has some very attractive core features for the DeFi lover. They are building cross-chain bridges, staking services, lending and borrowing, and stablecoins.
Davis continued, saying OM is in the process of building a strong ecosystem after undergoing a significant price pullback.
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