Altcoins
Crypto Guru Reveals the Best Altcoins to Buy Now
In a recently published article video Titled “Best Altcoins to Buy Now,” crypto influencer Lark Davis shared his latest insights on promising altcoins with his 546,000 YouTube subscribers. Known for his frank and direct approach, Davis emphasized the speculative nature of his recommendations and the risks inherent in crypto investments.
Davis began by acknowledging Bitcoin’s role as the first digital store of value, noting that while it remains the most secure asset in the crypto space, it is unlikely to provide the high returns that some altcoins can offer. “If you are looking for life-changing gains, then you need to risk your life in the altcoin jungle,” Davis remarked, highlighting the potential for altcoins to generate substantial returns, but with significant risks. He emphasized that Bitcoin, while a solid choice for wealth preservation, is unlikely to provide 100x, or even 10x, returns in the near future.
THE Ethereum spot ETF approval This is a significant development that Davis believes will bring attention to other altcoin projects, paving the way for a broader “altcoin season.” He acknowledged that while memecoins often get the most attention during these times, other projects with real utility deserve closer scrutiny. Davis expressed his intention to highlight coins with real-world use cases, as these have a better chance of surviving market cycles and potentially achieving long-term success.
Best Altcoins to Buy Now
The first altcoin highlighted by Davis is Jupiter (JUP), a decentralized exchange (DEX) aggregator built on the Solana blockchain. Jupiter stands out for its ability to systematically offer the best token prices by aggregating data from multiple exchanges. Davis highlighted the importance of Jupiter’s user-friendly interface, which simplifies the onboarding process for new users entering the DeFi space. This ease of use, combined with Solana’s recent features popularity driven by memecoinspositions Jupiter as a key entry point for traders looking to capitalize on emerging trends.
Davis detailed Jupiter’s significant trading volumes, noting that it frequently outperforms Uniswap. In March and April, Jupiter did $47 billion and $35 billion in trading volume, respectively. He highlighted Jupiter’s perpetual swap feature, which offers up to 100x leverage, as a significant advantage. attraction for traders in search of substantial gains. Additionally, Jupiter’s staking rewards model encourages participation in project governance, providing stakeholders with additional benefits such as incentive tokens, launchpad fees, and airdrops. Davis mentioned Jupiter’s plans to expand into the foreign exchange and equity markets, which could further strengthen its usefulness and market position.
Next on Davis’ list is Aerodrome (AERO), a DEX running on Coinbase’s Base ecosystem. Davis highlighted the strategic advantage of having Coinbase, with its vast user base of over 120 million, supporting the Base ecosystem. This support, combined with the upcoming introduction of smart wallets to simplify user onboarding, gives Aerodrome a significant advantage. Although there is no native token for the core ecosystem yet, Davis believes Aerodrome’s token could provide a viable alternative, benefiting from its role as a major DeFi platform within the ecosystem.
Davis highlighted Aerodrome’s impressive total value locked (TVL) of approximately $700 million and a market capitalization of approximately $500 million. He suggested that as more Coinbase users engage with the Base ecosystem, the Aero token could see substantial appreciation. Davis revealed that he has increased his holdings in Aerodrome, convinced that the platform’s growth potential matches his investment strategy.
Davis also discussed Sub-Squid (SQD), describing it as the “Google of blockchains”. SubSquid is a comprehensive blockchain indexing solution designed to facilitate fast, cost-effective access to on-chain data. Davis explained that SubSquid acts as a decentralized filing cabinet, organizing data from multiple blockchains to allow developers to create decentralized applications (dApps) without the burden of slow queries. Supporting over 100 networks and used by over 5,000 dApps, SubSquid offers a robust infrastructure for blockchain development.
With a total token supply of 1.34 billion and a market capitalization of approximately $21 million, SubSquid presents an attractive investment opportunity, according to Davis. He compared SubSquid’s market position to that of The Graph (GRT), which has a market cap of $3 billion, suggesting that SubSquid has significant room for growth. Davis mentioned his participation in the private sale of SubSquid and his current holding strategy, monitoring the project’s development and market performance.
THE Oasis Network (ROSE), a layer 1 blockchain focused on privacy and scalability, was another recommendation. Davis highlighted its unique two-layer architecture, which separates consensus and smart contract execution to improve privacy and scalability. This structure makes Oasis suitable for applications in finance, artificial intelligence (AI)and the metaverse. Davis highlighted the importance of privacy in blockchain applications, particularly in attracting institutional users. He compared Oasis’ approach to Polkadot’s independent parachains and Avalanche’s subnet infrastructure.
Davis highlighted Oasis’ strong ecosystem fund, backed by prominent investors such as Binance Labs, Pantera Capital, and Jump Capital. The network’s ongoing rebranding aims to emphasize decentralized AI, aligning with current market narratives. Collaborations with projects such as the Ocean Protocol and the involvement of notable figures in AI further strengthen the credibility and potential of Oasis. The native token, ROSE, has a market capitalization of approximately $600 million and a maximum supply of 10 billion coins. Davis revealed that he acquired a significant amount of ROSE during the bear market and continues to monitor the project’s progress.
Finally, Davis discussed Ghost (FTM), a layer 1 blockchain designed to challenge Ethereum’s dominance. He pointed out the next Sonic Upgrade, which will transform Fantom into a new blockchain, replacing the original. This rebranding, accompanied by technical improvements, could generate significant interest and investment for Fantom. Davis praised Sonic’s impressive transaction speed of 2,000 transactions per second and sub-second finality, noting that these features position Fantom as a strong contender in the blockchain space.
Davis revealed that he obtained a substantial position in Fantom through an OTC deal and subsequently doubled his holdings by purchasing more on Binance. He highlighted the Sonic upgrade’s potential to attract attention and investment, thanks to the involvement of popular developers. Andre Cronje. With improving on-chain statistics and a renewed interest in the Fantom ecosystem, Davis remains optimistic about its prospects.
In conclusion, Davis reminded viewers of the speculative nature of crypto investments and the importance of conducting thorough research. “It’s not because I like these pieces that their success is guaranteed,” he warned. Davis’ ideas reflect the dynamic and high-risk environment of the cryptocurrency market, where informed decision-making is crucial.
At press time, JUP was trading at $1.0977.
Featured image created with DALL·E, chart from TradingView.com