Cryptocurrency analyst and phenomenon Lark Davis announced four new altcoins that he believes have the potential to enrich investors and add them to the altcoin portfolio.
According to a Daily Hodl report, Davis invested in RAMP, a decentralized finance (DeFi) project that aims to release billions of dollars of liquidity found in protocols such as Polkadot (DOT), Ethereum (ETH), and Cardano (ADA) to 183,000 subscribers on YouTube, according to a Daily Hodl report. he says he does.
“RAMP allows you to unlock this value by allowing you to stake with their smart contracts and then receive an amount of rUSD stablecoins equivalent to your stake capital. Thus, you can use these USD coins to go out and earn more returns. Basically, you'll increase your earnings that you could otherwise earn by two, three, and potentially many times. "
The next altcoin on the list is the ARTH token, MahaDAO's algorithmic stablecoin.
"The supply of Altcoin is flexible. When the value of the ARTH token is above its target price, the protocol dilutes the supply and issues new tokens to fix the price again. When ARTH trades below the target price, it issues bonds in the form of debt used to buy back and burn ARTHs.
Davis emphasizes that ARTH has enormous upward potential despite its relatively small market cap of $ 2 million compared to other seigniorage altcoins such as the Empty Set Dollar (ESD) with a market value of $ 560 million.
The third altcoin on Davis' radar is Polkadot-based DeFi protocol and liquidity aggregator Reef Finance (REEF).
“They provide liquidity from both centralized and decentralized exchanges to ensure you get the best trading prices. They also offer smart lending, borrowing, staking and mining through the Reef return engine.
Davis says REEF has survived the "farm and dump" phase that tends to emerge in new DeFi projects. Now, he expects REEF to start showing bullish performance and to exceed its all-time high of $ 0.05 on the way to price discovery.
The fourth cryptocurrency followed by Davis is the Robonomics Network (XRT), a project designed to connect robots and take control of blockchains such as Polkadot and Ethereum (ETH).
“Now the Internet of Things is becoming more real every day, and it requires more solutions to meet the reality that the world will require deep and efficient communication. Robonomics exists to allow robots as a service by connecting all these different devices together. It aims to be at the forefront of bringing blockchain and robotics together. "
Davis predicts that robotic technology will become a big trend in the coming years, and Robonomics is at the forefront of this trend.
