Crypto Guru Unveils Best Altcoins To Buy Now


In
a
recently
published

video
titled
“Best
Altcoins
To
Buy
Now,”
crypto
influencer
Lark
Davis
shared
his
latest
insights
on
promising
altcoins
with
his
546,000
YouTube
subscribers.
Known
for
his
candid
and
straightforward
approach,
Davis
emphasized
the
speculative
nature
of
his
recommendations
and
the
inherent
risks
of
crypto
investments.

Davis
began
by
acknowledging
Bitcoin’s
role
as
the
premier
digital
store
of
value,
noting
that
while
it
remains
the
most
secure
asset
in
the
crypto
space,
it
is
unlikely
to
deliver
the
high
returns
that
some
altcoins
can
offer.
“If
you’re
after
life-changing
gains,
then
you
have
to
risk
life
and
limb
in
the
altcoin
jungle,”
Davis
remarked,
underscoring
the
potential
of
altcoins
to
yield
substantial
returns,
albeit
with
significant
risks.
He
pointed
out
that
Bitcoin,
while
being
a
solid
choice
for
wealth
preservation,
probably
won’t
deliver
100x
or
even
10x
returns
in
the
near
future.

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The

approval
of
spot
Ethereum
ETFs
is
a
significant
development
that
Davis
believes
will
bring
attention
to
other
altcoin
projects,
setting
the
stage
for
a
broader
“altcoin
season.”
He
acknowledged
that
while
memecoins
often
gain
the
most
attention
during
these
times,
other
projects
with
real
utility
deserve
closer
scrutiny.
Davis
expressed
his
intent
to
highlight
coins
with
actual
use
cases,
as
these
have
better
chances
of
surviving
market
cycles
and
potentially
achieving
long-term
success.

Best
Altcoins
To
Buy
Now

The
first
altcoin
Davis
highlighted
is

Jupiter
(JUP)
,
a
decentralized
exchange
(DEX)
aggregator
built
on
the
Solana
blockchain.
Jupiter
stands
out
due
to
its
ability
to
consistently
offer
the
best
token
prices
by
aggregating
data
from
multiple
exchanges.
Davis
emphasized
the
importance
of
Jupiter’s
user-friendly
interface,
which
simplifies
the
onboarding
process
for
new
users
entering
the
DeFi
space.
This
ease
of
use,
combined
with
Solana’s
recent

popularity
driven
by
memecoins,
positions
Jupiter
as
a
key
gateway
for
traders
looking
to
capitalize
on
emerging
trends.

Davis
detailed
Jupiter’s
significant
trading
volumes,
noting
that
it
frequently
surpasses
Uniswap.
In
March
and
April,
Jupiter
achieved
$47
billion
and
$35
billion
in
trading
volume,
respectively.
He
highlighted
Jupiter’s
perpetual
exchange
feature,
which
offers
up
to
100x
leverage,
as
a
significant

attraction
for
traders
seeking
substantial
gains.
Moreover,
Jupiter’s
staking
rewards
model
incentivizes
participation
in
project
governance,
providing
stakeholders
with
additional
benefits
such
as
incentivized
tokens,
launchpad
fees,
and
airdrops.
Davis
mentioned
Jupiter’s
plans
to
expand
into
the
forex
and
stock
markets,
which
could
further
enhance
its
utility
and
market
position.

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Reading

Next
on
Davis’s
list
is

Aerodrome
(AERO)
,
a
DEX
operating
on
Coinbase’s
Base
ecosystem.
Davis
underscored
the
strategic
advantage
of
having
Coinbase,
with
its
extensive
user
base
of
over
120
million,
backing
the
Base
ecosystem.
This
support,
combined
with
the
upcoming
introduction
of
smart
wallets
to
simplify
user
onboarding,
gives
Aerodrome
a
significant
edge.
Although
there
is
no
native
token
for
the
Base
ecosystem
yet,
Davis
believes
Aerodrome’s
token
could
serve
as
a
viable
alternative,
benefiting
from
its
role
as
a
major
DeFi
platform
within
the
ecosystem.

Davis
pointed
out
Aerodrome’s
impressive
total
value
locked
(TVL)
of
around
$700
million
and
a
market
cap
of
approximately
$500
million.
He
suggested
that
as
more
Coinbase
users
engage
with
the
Base
ecosystem,
the
Aero
token
could
see
substantial
appreciation.
Davis
revealed
that
he
has
increased
his
holdings
in
Aerodrome,
confident
that
the
platform’s
growth
potential
aligns
with
his
investment
strategy.

Davis
also
discussed

SubSquid
(SQD)
,
describing
it
as
the
“Google
of
blockchains.”
SubSquid
is
a
comprehensive
blockchain
indexing
solution
designed
to
facilitate
quick
and
cost-effective
access
to
on-chain
data.
Davis
explained
that
SubSquid
acts
like
a
decentralized
filing
cabinet,
organizing
data
from
multiple
blockchains
to
enable
developers
to
build
decentralized
applications
(dApps)
without
the
burden
of
slow
queries.
Supporting
over
100
networks
and
utilized
by
more
than
5,000
dApps,
SubSquid
offers
a
robust
infrastructure
for
blockchain
development.

With
a
total
token
supply
of
1.34
billion
and
a
market
cap
of
around
$21
million,
SubSquid
presents
a
compelling
investment
opportunity,
according
to
Davis.
He
compared
SubSquid’s
market
position
to
that
of
The
Graph
(GRT),
which
boasts
a
market
cap
of
$3
billion,
suggesting
that
SubSquid
has
significant
room
for
growth.
Davis
mentioned
his
participation
in
SubSquid’s
private
sale
and
his
current
holding
strategy,
watching
for
the
project’s
development
and
market
performance.

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Related
Reading

The

Oasis
Network
(ROSE)
,
a
layer-1
blockchain
focused
on
privacy
and
scalability,
was
another
recommendation.
Davis
highlighted
its
unique
two-layer
architecture,
which
separates
consensus
and
smart
contract
execution
to
enhance
privacy
and
scalability.
This
structure
makes
Oasis
suitable
for
applications
in
finance,

artificial
intelligence
(AI),
and
the

metaverse.
Davis
emphasized
the
importance
of
privacy
in
blockchain
applications,
especially
for
attracting
institutional
users.
He
likened
Oasis’s
approach
to
Polkadot’s
independent
parachains
and
Avalanche’s
subnet
infrastructure.

Davis
pointed
out
Oasis’s
robust
ecosystem
fund,
supported
by
prominent
investors
such
as
Binance
Labs,

Pantera
Capital,
and
Jump
Capital.
The
network’s
ongoing
rebrand
aims
to
emphasize
its
focus
on
decentralized
AI,
aligning
with
current
market
narratives.
Collaborations
with
projects
like
the
Ocean
Protocol
and
the
involvement
of
notable
figures
in
AI
further
bolster
Oasis’s
credibility
and
potential.
The
native
token,
ROSE,
has
a
market
cap
of
around
$600
million
and
a
maximum
supply
of
10
billion
coins.
Davis
disclosed
that
he
acquired
a
significant
amount
of
ROSE
during
the
bear
market
and
continues
to
monitor
the
project’s
progress.

Finally,
Davis
discussed

Fantom
(FTM)
,
a
layer-1
blockchain
designed
to
challenge
Ethereum’s
dominance.
He
highlighted
the
upcoming

Sonic
upgrade,
which
will
transform
Fantom
into
a
new
blockchain,
replacing
the
original.
This
rebrand,
accompanied
by
technical
enhancements,
could
drive
significant
interest
and
investment
in
Fantom.
Davis
praised
Sonic’s
impressive
transaction
speed
of
2,000
transactions
per
second
and
sub-second
finality,
noting
that
these
features
position
Fantom
as
a
strong
contender
in
the
blockchain
space.

Davis
revealed
that
he
secured
a
substantial
position
in
Fantom
through
an
OTC
deal
and
later
doubled
his
holdings
by
purchasing
more
on
Binance.
He
emphasized
the
potential
of
the
Sonic
upgrade
to
attract
attention
and
investment,
driven
by
the
involvement
of
popular
developer

Andre
Cronje.
With
on-chain
statistics
improving
and
renewed
interest
in
the
Fantom
ecosystem,
Davis
remains
optimistic
about
its
prospects.

In
closing,
Davis
reminded
viewers
of
the
speculative
nature
of
crypto
investments
and
the
importance
of
conducting
thorough
research.
“Just
because
I
like
these
coins
doesn’t
mean
they’re
guaranteed
to
succeed,”
he
cautioned.
Davis’s
insights
reflect
the
dynamic
and
high-risk
environment
of
the
cryptocurrency
market,
where
informed
decision-making
is
crucial.

At
press
time,
JUP
traded
at
$1.0977.

Jupiter
price
hovers
above
the
0.236
Fib,
1-day
chart
|
Source:

JUPUSD
on
TradingView.com

Featured
image
created
with
DALL·E,
chart
from
TradingView.com

Go to Source
Author: Jake Simmons


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