Crypto trader and influencer Lark Davis is naming six altcoins that he says have the potential to be big movers in March.
In a new video, Davis tells his 224,000 YouTube subscribers that he’s keeping a close watch on Cardano (ADA) as the third-largest crypto asset is poised to continue its meteoric ascent.
“The big news for Cardano is the Mary hard fork will be rolled out to the mainnet on March 1st. Now this hard fork will help Cardano take the next steps [to] becoming a fully functional ecosystem. We’re going to see tokens finally being implemented. We’re going to see smart contracts on the main chain. This is the first step towards making that happen.”
The next coin on Davis’ list is Kusama (KSM), which the crypto trader refers to as “Polkadot’s (DOT) little brother.”
“Parachain auctions are coming soon to the Polkadot ecosystem and the first stop is Kusama… We do know that they’re coming very soon and that parachains will be happening first on Kusama and then happening on Polkadot after that. Kusama has been rallying super hard for the last few months now. I fully expect it to continue to rally much harder in anticipation of the first parachain auctions.”
The third coin to keep an eye on, says Davis, is Litecoin (LTC) as it gears up to launch the MimbleWimble privacy upgrade.
“MimbleWimble is a pretty big deal since it’s going to bring privacy to Litecoin. It will be the biggest update for crypto’s silver in the last few years.”
Coming in at number four is blockchain scaling solution Polygon (MATIC).
“With Ethereum 2.0 basically nowhere in sight, it will really come down to layer-two scaling solutions to pick up the slack from here on out and there’s no bigger and no more important layer-two scaling solution than Polygon.”
At number five is decentralized derivatives exchange Injective Protocol (INJ).
“It’s a fully decentralized layer-two exchange, low fees, high speed, all the stuff you want in a decentralized exchange. Allowing you to trade any markets in and out of crypto, Injective has absolutely been smashing it with big partnerships left, right and center, teaming up with Avalanche (AVAX), Marlin (POND), Ocean, Unilend (UFT)… It’s also introduced in the last few weeks, forex markets as well as stock trading, so bringing in those derivatives markets.”
The last coin on Davis’ radar is decentralized exchange (DEX) Uniswap (UNI).
“Uniswap has been cooking up v3 in the development kitchen for a long time now… It’s getting more and more likely by the day that we’re going to get an announcement about Uniswap v3 coming out, which will mean two very, very key things for the UNI token. One is that fees will be shared with token holders, which at the current daily volume of like a billion dollars a day in volume on Uniswap, that could be a pretty lucrative token to hold.
And the second thing that it means for Uniswap and perhaps the most important part of Uniswap v3 is that it’s going to include layer-two scaling… Layer-two scaling should bring the fees to use Uniswap from the current $50, $60 per trade which is like ludicrous, to like a cent per trade in gas fees. It will be game changing.”
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/klyaksun
Credit: Source link