Altcoins
Crypto Guru reveals the best altcoins to buy now
In a recently published article video titled “The 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 highlighted the speculative nature of his recommendations and the inherent risks of investing in cryptocurrencies.
Davis began by acknowledging Bitcoin’s role as the leading digital store of value, noting that while it remains the safest asset in the cryptocurrency industry, it is unlikely to offer the high returns that some altcoins can offer. “If you seek life-changing gains, then you must risk life and limb in the altcoin jungle,” Davis noted, underscoring the potential of altcoins to produce substantial returns, albeit with significant risks. She pointed out that Bitcoin, while a solid choice for wealth storage, likely won’t provide 100x or even 10x returns in the foreseeable future.
THE approval of spot ETFs on Ethereum It’s a significant development that Davis believes will draw attention to other altcoin projects, setting the stage for a broader “altcoin season.” He acknowledged that while memecoins often get the most attention these days, other projects with real utility deserve closer scrutiny. Davis expressed his intention to highlight coins with real use cases, as these have a better chance of surviving market cycles and potentially achieving long-term success.
The 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 consistently 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 functionality popularity driven by memecoinspositions Jupiter as a key gateway for traders looking to take advantage of emerging trends.
Davis detailed Jupiter’s significant trading volumes, noting that it often outperforms Uniswap. In March and April, Jupiter reached $47 billion and $35 billion in trading volume, respectively. He highlighted Jupiter’s perpetual trading feature as significant, offering leverage of up to 100x attraction for traders looking for substantial gains. Additionally, Jupiter’s staking reward model incentivizes participation in project governance, providing stakeholders with additional benefits such as incentivized tokens, launchpad fees, and airdrops. Davis mentioned Jupiter’s plans to expand into the forex and stock markets, which could further improve its utility and market position.
Next on Davis’ list is Aerodrome (AERO), a DEX that operates on Coinbase’s Basic ecosystem. Davis highlighted the strategic advantage of having Coinbase, with its large user base of more than 120 million, supporting the Base ecosystem. This support, combined with the upcoming introduction of smart wallets to streamline user onboarding, gives Aerodrome a significant advantage. While there is no native token for the Base ecosystem yet, Davis believes that Aerodrome’s token could serve as a viable alternative, benefiting from its role as an important 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 interact with the Base ecosystem, the Aero token could see substantial appreciation. Davis revealed that he has increased his holdings in Aerodrome, confident that the platform’s growth potential aligns with his investment strategy.
Davis also argued SubSquid (SQD), describing it as the “Google of blockchains”. SubSquid is a complete blockchain indexing solution designed to facilitate quick and cost-effective access to data on-chain. Davis explained that SubSquid acts as a decentralized filing cabinet, organizing data from multiple blockchains to allow developers to build decentralized applications (dApps) without the burden of slow queries. Supporting over 100 networks and used by more than 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 represents an attractive investment opportunity, according to Davis. He compared SubSquid’s market position to that of The Graph (GRT), which boasts a market capitalization of $3 billion, suggesting that SubSquid has significant room for growth. Davis mentioned his participation in the private sale of SubSquid and his current participation strategy, noting the project’s development and market performance.
THE Oasis Network (ROSA), a layer 1 blockchain focused on privacy and scalability, was another recommendation. Davis highlighted its unique two-tier architecture, which separates consensus and smart contract execution to improve privacy and scalability. This structure makes Oasis suitable for applications in the financial sector, artificial intelligence (AI)and the metaverse. Davis highlighted the importance of privacy in blockchain applications, especially to attract institutional users. He compared Oasis’ approach to Polkadot’s independent parachains and Avalanche’s subnet infrastructure.
Davis highlighted Oasis’ robust ecosystem fund, supported by major investors such as Binance Labs, Panther Capitaland Salta Capitale. The network’s ongoing rebranding aims to emphasize its focus on decentralized AI, aligning with current market narratives. Collaborations with projects such as the Ocean Protocol and the involvement of important figures in the field of artificial intelligence 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 argued Fantom (FTM), a layer 1 blockchain designed to challenge Ethereum’s dominance. He highlighted the imminent Sonic update, which will transform Fantom into a new blockchain, replacing the original. This rebranding, accompanied by technical improvements, could spark significant interest and investment in 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 secured a substantial position in Fantom through an OTC deal and later doubled his holdings by purchasing more on Binance. He highlighted the potential of the Sonic update to attract attention and investment, thanks to the involvement of famous developers André Cronje. With improving on-chain statistics and renewed interest in the Fantom ecosystem, Davis remains optimistic about its prospects.
In closing, Davis reminded viewers of the speculative nature of cryptocurrency investing and the importance of conducting thorough research. “Just because I like these coins doesn’t mean their success is guaranteed,” she cautioned. Davis’ insights reflect the dynamic, high-risk environment of the cryptocurrency market, where informed decision-making is critical.
At the time of writing, JUP was trading at $1.0977.
Featured image created with DALL·E, chart from TradingView.com