Crypto analyst and trader Lark Davis details four polkadot-based altcoin projects that he believes have the potential to generate 100x returns.
Lark Davis: Kylin could be Polkadot’s chain link (LINK)!
In his new analysis, Lark Davis tells his 219,000 subscribers that he is considering a new altcoin project that could be Polkadots Chainlink (LINK). Lark Davis adds:
Kylin is a provider of oracle and data services. In particular, it focused on connecting these services to Polkadot’s parachains. In addition to advanced data analysis capabilities, Kylin will provide access to market intelligence both on- and off-chain via its oracles. It will also provide a data marketplace where information can be monetized and shared.
Polkadex, the second cryptocurrency on Lark Davis’ radar!
The second cryptocurrency on Lark Davis’ radar is Polkadex, a decentralized exchange built on top of Polkadot. Lark Davis adds the following to his comments on the subject:
Testnets are now live. It does about 300 processes per second. For reference, Uniswap can currently handle 15 processes per second as this is the maximum process capacity for Ethereum. They are currently working on this technology because Polkadex has a long-term plan for 20,000 processes per second. They are building. Codename Pebble, the technology they’re working on…
Lark Davis said Polkadex is working with Snowfork, a two-way bridge connecting the Ethereum (ETH) and Polkadot ecosystems to help bringing a random token to Polkadot-based DEX he adds. The crypto analyst emphasizes that Polkadex may be the most suitable exchange in Polkadot due to its early trading advantage.
Lark Davis: One of the altcoin projects that will explode is Fractal!
The third cryptocurrency on Lark Davis’ list is Fractal, a new platform specializing in online privacy. Lark Davis adds:
They are establishing an open source standard for the fair exchange of user information. This company has been working on intelligence and decentralized identities since 2017, so it has a lot of experience in the game. It is also a close partner of Ocean Protocol (OCEAN), one of the largest Polkadot-based information marketplaces. They also work with Polkadex… What we are talking about here is the Internet of the future, Web 3.0, where users are actually responsible for their information, not megacorporations.
Lark Davis: Moonbeam will feature a massive rise!
The last cryptocurrency Lark Davis believes will explode is Moonbeam, which he believes is a “huge bullish project.” Lark Davis adds:
Multi-Chain is working to shape the future and it will be a parachain that will be fully compatible with Ethereum smart contracts. This is huge because effectively building a bridge between Polkadot and Ethereum will allow Polkadot to quickly access Ethereum’s incredibly deep liquidity via DeFi (decentralized finance) and all that stuff. This will be the easiest ramp to the Polkadot ecosystem. We’re talking about an environment that is fully Etherem compatible but built on top of Polkadot.