2021-03-27 22:24:08

Crypto Analyst Lark Davis: These Hot Altcoins Should Do ‘Very Well’ in April

In a recent video for his very popular YouTube channel, popular New Zealand-based crypto analyst Lark Davis (@TheCryptoLark on Twitter) talked about five cryptoassets that he expects will do “very well” in April.

In this article, we will only look at the first four cryptoassets that Davis discussed in his video since the fifth one (SIRI Network) has not had its token launch yet and is not currently listed anywhere.

Kusama ($KSM) 

What the project team says:

Kusama is a scalable network of specialized blockchains built using Substrate and nearly the same codebase as Polkadot. The network is an experimental development environment for teams who want to move fast and innovate on Kusama, or prepare for deployment on Polkadot. Kusama was founded in 2019 by Gavin Wood, founder of Polkadot and co-founder and former CTO of Ethereum.

What Davis Says:

Kusama has to go crazy in the run-up to parachain auctions… Kusama will be a coin worth well over a thousand dollars before the end of this cycle, probably worth a couple thousand dollars to be honest… Polkadot is also going to do extremely well… This entire conversation also applies equally to Polkadot.

Uniswap ($UNI)

What the project team says:

Uniswap is a protocol for creating liquidity and trading ERC-20 tokens on Ethereum. It eliminates trusted intermediaries and unnecessary forms of rent extraction, allowing for fast, efficient trading. Where it makes tradeoffs decentralization, censorship resistance, and security are prioritized…

Uniswap is an automated liquidity protocol. In practical terms this means there are template smart contracts that define a standard way to make liquidity pools and corresponding markets that are compatible with eachother. There is no orderbook, no centralized party and no central facilitator of trade.

What Davis Says:

The big news recently was that you need Uniswap V3 will be coming out on May 5th. Now, this could be a good catalyst for the asset throughout the month of April as people kind of push the price higher in anticipation of that launch…

Uniswap V3 is going to be a big deal. There’s going to be be significant improvement to the protocol, especially for liquidity providers; they’re going to enjoy 4000X greater capital efficiency… They’re also going to be doing out a reduced risk for liquidity providers… sadly though, the May 5th update will do little to address the Ethereum fee issues, although a later upgrade for Uniswap will implement Layer 2 scaling to allow for a dramatic reduction in fees.




Ramp Finance ($RAMP)

What the project team says:

RAMP DEFI proposes that the staked capital on the non-ERC20 staking blockchains be collateralized into rUSD, a stablecoin which is issued on the Ethereum blockchain. rUSD therefore represents collateralized staked liquidity.

rUSD token holders can borrow, lend or exchange rUSD for other stablecoins such as USDT or USDC freely within the DeFi ecosystem, creating a seamless liquidity ‘on/off ramp’ for users with capital locked into staking arrangements on various blockchains.

What Davis Says:

I’m still very very bullish on this coin. We’ve been talking about since it was like four cents or something… It got to up over a dollar the other day on Binance listing. Liquid staking has an addressable market worth billions. Literally every major proof of stake chain, including Etherium, but you know Polkadot and Avalanche, all these guys, will be able to use Ramp.

Elrond ($EGLD)

What the project team says:

Elrond is a high-throughput public blockchain aimed at providing security, efficiency, scalability and interoperability, beyond the current state-of-the-art. The two most important features that set Elrond apart are Adaptive State Sharding and the Secure Proof of Stake consensus mechanism.

What Davis Says:

The team is out there consistently putting in the hard work, consistently delivering on technology, consistently delivering on product, and of course consisting of delivering on partnerships, and wow, have they continued to just nail out useful and interesting partnerships…. The Elrond DeFi 2.0 module definitely is a very ambitious launch in terms of functionality.

https://www.youtube.com/watch?v=1GGTm2oH-Hk?feature=oembed

Featured Image by “FlitsArt” via Pixabay.com

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

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