Recently, popular New Zealand-based crypto analyst Lark Davis (@TheCryptoLark on Twitter) named six crypto assets that he believes have the potential to 10X in price by the end of the year.
The six crypto projects that Davis talked about in a YouTube video (titled: “TOP 6 CRYPTO ALTCOINS TO BUY NOW TO 10X YOUR WEALTH IN 2021!!!”) released last week were Injective Protocol ($INJ), QuickSwap ($QUICK), Linear Finance ($LINA), Bancor ($BNT), Epik ($EPK), and Mercurial Finance ($MER).
Below are some highlights from comments Davis made about some of these altcoins.
Injective Protocol ($INJ)
This is what Davis said about Injective Protocol in a video released last month:
“This is a decentralized exchange and derivatives platform based on Cosmos… this is a beast… It’s using layer 2 technology, meaning that they’re able to offer literally zero gas fee trades… currently still in testnet phase… when the mainnet launches, I expect this coin will see some price appreciation…“
And in last week’s video, Davis said:
“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 $400 million. This could easily be a 10x or more kind of coin. Once that mainnet launches, we start seeing real demand coming in for the token, we start seeing real users coming in, it’s going to be big.“
Linear Finance ($LINA)
The team behind this project describe Linear Finance as “the first cross-chain compatible, decentralized delta-one asset protocol to quickly and cost-effectively create, trade and manage liquid assets (Liquids) and creative thematical Digital Traded Funds.”
In a video released in March, Davis mentioned that Linear is “basically working with the Binance Smart Chain, with a bridge over to Ethereum.” Davies says that by using Binance Smart Chain (BSC), Linear is “able to do all the awesome things that the much higher-valued Synthetix platform can do but for a fraction of the freaking cost.”
And last week, Davis said:
“[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.“
Bancor ($BNT)
Davis stated:
“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.“
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The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.