Four Newcomers To Crypto Could Outperform Bitcoin And Ethereum To Become Best Investments Of 2020, Says Lark Davis

Four Newcomers To Crypto Could Outperform Bitcoin And Ethereum To Become Best Investments Of 2020, Says Lark Davis


Popular crypto researcher Lark Davis believes that a number of decentralized finance (DeFi) projects that are not based on Ethereum have significant growth potential.

He specifically points to the benefit of four little-known crypto assets that he believes could see strong growth in the near term.

“I think DeFi outside of Ethereum is likely to be a big area of ​​growth in the coming months, although we still have some big DeFi projects launched on Ethereum .”

Davis calls Kava ( KAVA ), Band Protocol (BAND), Switcheo (SWTH) and Nash (NEX) the best choices.

Kava is a DeFi cross-channel loan platform. His token is trading at around $ 1.97 at the time of writing, and he has seen 4x gains since mid-May.

Despite its already skyrocketing value, Davis says the token still has "enormous potential for long-term price appreciation."

“The Kava team and supporters are also very, very strong. In my opinion, it has all the qualities to be as big as MakerDao of Ethereum , which at its peak had a market capitalization over $ 1 billion. 

Band Protocol is a native Cosmos cross-chain oracle data network competing with Chainlink . Its token is currently trading at around $ 2.42 at the time of writing and has increased by around 120% since the start of July. Said Davis,

“BAND already has a long and growing list of top partners, people like Binance and Wanchain and Elrond and Fantom and Kava , of course.” 

SWTH and NEX are both decentralized exchange tokens. Davis says they have upside potential because Switcheo is launching a new derivatives exchange and modernizing their token model, and Nash has just launched a no-cost ramp for users in the European Union.

Davis warns, however, that the two are competing with tons of other decentralized exchanges, which could have an impact on their growth.

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