5 altcoins to look out for according to crypto analyst Lark Davis
The popularity and mainstream adoption of blockchain technology and Bitcoin have resulted in the development of various blockchains and their corresponding altcoins. Most investors have their eyes set on some popular altcoins including Ethereum (ETH), Cardano (ADA), Ripple (XRP) and Dogecoin (DOGE).
Here, we discuss five lesser-known altcoins as listed by crypto influencer and investor Davis Lark known online as “The Crypto Lark” with potentially “interesting” catalysts for growth.
Wilder World (WILD)
3D artist Frank Wilder started Wilder World with Epic Games’ Unreal Engine using a decentralised autonomous organisation (DAO). The metaverse has a Liquid NFT Marketplace. Creators and collectors are able to mint, buy and sell unique pieces of digital art. According to their “Road to the Metaverse”, they are set to launch an NFT platform, ‘Wilder Wheels’ — generative art vehicles to race in the game Wiami, Airwild Kicks, Wilder Cribs, Wilder NFT Social Network, Wilder Fashion and the invite-only Wiami Play-to-Earn racing loop. All these are expected to be launched by the end of the year.
The price in USD is $1.71. It has a market cap of a little over $100 million. The coin is currently ranked at 345 on CoinMarketCap. In the last 24 hours, the coin has experienced a more than 40 percent gain.
EPIK Prime
This is a loyalty reward membership program that grants access to better quality in-game and NFT items to its members and all Prime members have a chance to win NFT rewards.” Premuim in-game experience is made possible by digital items such as game skins. They will be able to provide NFT and brand licenses from global names like Universal Studios, Warner Music Spinnin’ records. Epik Prime has recently been launched on Huobi Prime.
Elrond (EGLD)
Elrond is currently ranked at number 48 on CoinMarketCap (CMC) with a market cap of $2.5 billion and haded for $133. According to Lark, it has a chance for a 10X move compared to coins with larger market caps. He describes it as an ”undervalued opportunity compared to some of these other blockchains that have been popping off recently”. There is a launchpad coming to the network to help deploy more products like tokens, projects, apps, token sales and initial NFT offerings. Currently, Elrond has licensed cricket NFTs and thousands are working on chaos testing for the Maiar decentralised exchange. Lark believes that there are “potentially big catalysts coming for Elrond in the not so distant future”.
Covalent (CQT)
At number 456 on CMC ranking and priced at $1.30 has a market cap of a little over $67 million. Described as ‘One unified API. One billion possibilities’, Covalent provides visibility to billions of data points across the blockchain world. Some supported blockchains are Ethereum, Binance, Polygon, Fantom, Elrond, Edgeware, Near and Polkadot for all sorts of data queries.
Moonbeam
This is a smart contract platform by PureStake. It allows for Ethereum-compatible smart contracts on Polkadot. Some major players building on Moonbeam are SushiSwap, Balancer, IDEX, Seascape, Linear Finance, and Ocean Protocol.
In late March PureStake announced the completion of a $6 million strategic round led by blockchain-focused investment firm CoinFund. The round included participation from Binance Labs, ParaFi, Coinbase Ventures, Fenbushi Capital, IOSG Ventures, as well as previous seed investors. Moonbeam’s token sale is scheduled for September 7.
