5 Crypto Assets You’ve Never Heard of May Be Gearing Up for Explosive Rallies, Says Bitcoin Trader Lark Davis

Crypto influencer and investor Lark Davis says a new breed of crypto assets have the potential to print massive gains.

Davis says he is looking at five decentralized finance (DeFi) tokens built on the Ethereum competitor Polkadot.

The first Polkadot DeFi asset on the list is Acala (ACA), which Davis says is gaining serious interest from crypto insiders and big money players due to the platform’s value proposition.

“[Acala] is a cross-chain capable, multi-collateralized, and decentralized stablecoin for the Polkadot ecosystem which will bring in the Acala dollar governed by the ACA token. The platform will allow users to send, receive, lend, and be rewarded in USD across any blockchains connected to the Polkadot network. In addition, Acala will allow you to stake assets and receive proxy tokens in exchange that will let you use the proxies for DeFi while still earning rewards.”

Coming in at number two is Ocean Protocol (OCEAN) which enables developers to build applications that can securely publish, transfer, or consume public or private data, says Davis. According to the crypto influencer, Ocean is launching a data marketplace in collaboration with Balancer (BAL), a market maker built on Ethereum. Davis also notes Ocean Protocol’s big partners include Daimler AG, the German automobile multinational corporation famous for owning Mercedes-Benz.

Number three on the list is Mantra DAO (OM).

“Mantra DAO is a decentralized autonomous organization that has some very attractive core features for the DeFi lover. They are building cross-chain bridges, staking services, lending and borrowing, and stablecoins.”

Davis says OM is building a strong ecosystem even after its price witnessed a significant pullback. The crypto asset is forming partnerships with BAND Protocol (BAND), Kava (KAVA), Terra (LUNA) and Kira Network (KEX).

Grabbing the fourth spot is Rio DeFi (RFUEL). The new crypto asset is a Polkadot parachain that was just listed on exchanges this week, according to Davis. While RFUEL’s price action has been less than stellar, the crypto investor says the token shows a lot of promise.

“Rio is going to allow users to easily get in and out of DeFi with their fiat gateways and their Rio wallet. Rio is specifically focused on the decentralized finance niche. That’s the whole purpose of their parachain and they’re building that in order to run really just some smooth, fast, low-fee DeFi in the Polkadot ecosystem.”

The last Polkadot-based asset on the list is Polkastarter (POLS), which Davis notes is building a decentralized exchange for cross-chain token pools and auctions.

“Polkastarter is going to bring in a multi-chain, interoperable decentralized exchange. It’s going to be massive for the Polkadot ecosystem.”

While Davis is bullish on DeFi in the long run, the popular crypto analyst Cantering Clark says the short term outlook is bleak. Clark tells his 28,000 followers that the nascent sector has run its course for the time being.

“DeFi is cooked for now. Prepare for your asymptotic charts. Not much has changed but a new narrative.”

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