Crypto trader and influencer Lark Davis is calling out six altcoins that he thinks have the potential to rise 100x in the hot non-fungible token (NFT) sector.
Davis tells his 213,000 YouTube subscribers that he’s keeping an eye on is Seascape (CWS). Although the project has already made huge gains this month, the crypto analyst expects it to continue growing alongside the soaring NFT mania.
“Seascape is a gaming platform using gamification, DeFe (decentralized finance), and of course, NFTs to create an incentivized ecosystem for gamers, developers, and influencers to come together and create this ecosystem of value within gaming. The platform will enable the production of really awesome blockchain-based games with rewards for gamers paid out either in the native Seascape token, CWS, or NFTs.”
Number two on Davis’ list is My Neighbor Alice (ALICE), which is a blockchain-based multiplayer game inspired by the wildly popular Animal Crossing game.
“The idea here is to not have this just be a blockchain game, we’ve seen lots of blockchain games that haven’t been super successful… What they want this to be is to be a game for everyone that introduces millions of people to NFTs.”
Davis says that ALICE has a lot of upside potential as its initial market cap will have to grow 100x to catch up to leading gaming protocol Axie Infinity.
Another coin on Davis’ watchlist is Terra Virtua (TVK) as he says the project is pushing to create digital collectibles for popular film franchises such as Legendary and Paramount. In addition, the crypto influencer highlights that holding TVK comes with benefits.
“Now, holding the token, the Terra Virtua Kolect token, this will allow you to get NFT airdrops as well as to farm rare NFT tokens. This is one of those coins that I think has real viral growth potential.”
The fourth coin on Davis’ radar is Ethernity Chain (ERN), a protocol designed specifically for NFTs.
“It will allow for the minting of digital collectibles and trading cards. They plan on attracting up-and-coming artists and they’re actually already working with people like Mad Dog Jones and BossLogic… They’re looking for celebrities to participate in the platform…
The big value proposition here is going to be that they’re offering authenticated NFTs, ensuring that the collectibles that you’re actually buying, selling, and trading are the real deal and not fake ones. We’re already seeing a lot of fakes of popular high-value NFTs ending up on the markets. These guys are working to stop that problem, making sure you’re getting the real deal.”
Coming in at number five is Persistence, a protocol that leverages NFTs for enterprise use cases. The project tokenizes real-world assets and then brings them into the blockchain. Davis offers a shipping invoice, which takes time to get paid, as an example to illustrate how a company can use Persistence to tokenize the invoice and put it up as collateral to get a cash loan.
“That’s just one potential use case… The use cases here are absolutely crazy.”
The last coin on Davis’ list is Split, a protocol that leverages the potential of NFTs in the e-commerce space.
“Split works by assigning a unique NFT to every inventory item, basically functioning as a standard stock keeping unit number but powered by the latest cutting-edge NFT technology… Being a seller, you can take all that inventory you have and get a decentralized loan against that inventory sitting in your warehouse. While you’re waiting to sell your items, you can actually free up that liquidity. Game-changing stuff here, very exciting.”
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Featured Image: Shutterstock/Mia Stendal