Crypto Trader Lark Davis Says Four Crypto Assets Built on Polkadot Could Skyrocket 100x

Tuesday 23 February 2021, 6:43 PM AEST - 1 week ago

Crypto analyst and influencer Lark Davis is pulling back the curtain on four Polkadot-based crypto assets that he believes have the potential to generate 100x returns to investors.

In a new video, Davis tells his 219,000 subscribers that hes looking at a new project that could be the Chainlink (LINK) of Polkadot.

Kylin is an oracle and data services provider, particularly theyve got a big focus on providing those services to Polkadots parachains. It will give access to both on-chain and off-chain market data via the Kylin oracles as well as having advanced data analytics features. Its also going to offer a data marketplace, where data can be monetized and traded.

The second coin on Davis radar is Polkadex, a decentralized exchanged being built on Polkadot.

Their testnet is currently live. It is clocking in around 300 transactions per second. For reference, Uniswap can do like 15 transactions per second since that is the maximum transaction capacity for Ethereum right now. The plan for Polkadex is 20,000 transactions per second in the long run so theyre working on that technology right now. Theyre currently building it. Its code-named Pebble, the technology that theyre working on.

Davis adds that Polkadex has teamed up with Snowfork, which is a two-way bridge that connects the Ethereum (ETH) and Polkadot ecosystems, to help bring any token into the Polkadot-based DEX. The crypto analyst also highlights that Polkadex could be the top exchange on Polkadot because it has the early mover advantage.

The third coin on Davis list is Fractal, a new platform that specializes in personal privacy online.

Theyre creating an open-source standard for exchanging user data in a fair way. This company has been working since 2017 on data and decentralized identities so theyre very experienced in the game. Theyre also a close partner with Ocean Protocol (OCEAN), which is one of the biggest Polkadot-based data markets. Theyre also working with Polkadex…

What were talking about here is the future internet, web 3.0, where users not mega corporations are actually in charge of their data.

The last coin that Davis says to watch out for is Moonbeam, which he believes to be a massively bullish project.

Its working on creating the multi-chain future and will be ...

Read full story on The Daily Hodl

Disclaimer: The content and views expressed in the articles are those of the original authors own and are not necessarily the views of Crypto News. We do actively check all our content for accuracy to help protect our readers. This article content and links to external third-parties is included for information and entertainment purposes. It is not financial advice. Please do your own research before participating.