This group of cryptocurrencies is about to explode, according to KOL Lark Davis
The renowned analyst Lark Davis is Disclosure a group of coins he believes will be the brightest stars in the crypto market in the coming weeks.
In a new video, Davis tells his 388,000 YouTube subscribers that the upcoming developments of the Polkadot (DOT) blockchain will result in a huge boost for DOT, Kusama (KSM) and other tokens in the ecosystem.
According to Davis, a bullish catalyst for the smart contract platform would involve implementing a parachain – an application-specific form of blockchain that can communicate with the parent chain and other parachains.
“The shining star for the coming crypto summer … the polkadot ecosystem. We have finally reached the stage of Polkadot where the Parachains are starting, which means the Polkadot ecosystem is about to go live …
I think Polkadot, Kusama and the tokens on the Polkadot platform are about to have a big rally. “
Kusama (KSM) is a public network where developers can experiment. It allows new blockchains to be tested and refined before launching on Polkadot.
Davis stressed that with the launch of Kusama’s first Parachain auction, use cases like decentralized funding (DeFi) and non-fungible tokens (NFT) will emerge and eventually thrive on Polkadot.
“This is a very important moment for the entire Polkadot ecosystem as it means that the token economy can finally live on Polkadot. Since each Parachain is essentially an application or even its own blockchain on Kusama or Polkadot, they have their own functions and bring all this unique innovation with them …
This is where Polkadot started its decentralized financial instrument. This is where Polkadot starts with NFTs, games … and all the other apps. They are started first on Kusama, then on Polkadot when the Parachains appear on the sibling blockchain, Polkadot of course. “
Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.
According to Beincrypto