KOL Lark Davis names 5 potential altcoins for November

Well-known analyst Lark Davis names five altcoins that he believes could explode in the near future if fundamentals turn strong.

Davis speak to his 448,000 YouTube subscribers for viewing EGLD, the Elrond blockchain’s native token. The analyst cites information that Elrond’s decentralized exchange will launch Maiar next month, which will suck more money into the network.

According to him, Elrond is Ethereum 2.0, it has all the great technology and it continues to attract community attention. The platform has a potential DeFi, NFT ecosystem and will be the launch pad for EGLD in the future.

Next on Davis’ list is DOT, the native token on Polkadot‘s interoperable blockchain. He indicated that Polkadot’s parachain auctions are slated to begin in November.

“We’re going to see a lot of money pouring into these parachain auctions.

Many projects have to raise funds from the community through crowdloan in order to secure their parachain position. This will mean that the supply of DOT circulating on the market will rapidly decline and form the basis for DOT to explode in the future. “

Davis is also keeping an eye on MOVR, the utility token of Moon River’s smart contract protocol. The analyst said there was an “extremely large community” behind the project. He also noted that SushiSwap is also about to integrate with Moonriver.

“I’m starting to see how many DeFi logs and things like that are coming into Moonriver. So that’s basically Ethereum, but on Kusama…. except that it hasn’t even hit a $ 1 billion market cap yet. Think how crazy that is. “

Next on Davis’ list is WILD, the native token of Wilder World, a decentralized Metaverse project based on Ethereum.

“Given the graphics, the metaverse, and the structure of the project, I think it will soon reach a market cap of $ 1 billion. You are looking very beautiful.”

The last coin on the analyst’s radar is LUNA, the native token of the Terra Smart Contract platform. The analyst predicts LUNA will grow to over $ 100 and cites reports that over 160 projects will start on Terra in the near future.

You can see the coin prices here.

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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.

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