Cryptocurrency analyst and trader Lark Davis spoke about the cryptocurrency, which he believes will become the superstar of the cryptocurrency market in the coming weeks.
In a new video, Davis told his 388,000 YouTube subscribers that future developments in the Polkadot Blockchain (DOT) will lead to colossal growth in DOT, Kusama Sandbox (KSM) and other ecosystem tokens.
The bullish catalyst for the smart contract platform will be the deployment of parachains, a form of application-dependent blockchain that can interact with the parent network and other parachains, Davis said.
The rising superstar of the upcoming crypto flight … is the Polkadot ecosystem. We are in the development phase of Polkadot where the parachains that are coming to Kusama very soon are launching, which means that the Polkadot ecosystem is about to go live … I think the tokens based on Polkadot, Kusama and Polkadot will take off soon.
Kusama (KSM) is a public network on which developers can conduct various experiments. This allows new blockchains to be tested and configured before launching on Polkadot.
Davis emphasizes that as the launch of the first Kusama parachain auction draws near, there will be use cases such as Decentralized Funding (DeFi) and Non-Fungible Tokens (NFT) that will ensure Polkadot thrives.
This is a very important moment for the entire Polkadot ecosystem, which means that the Polkadot token economy is finally starting to revive. Since each parachain is an application or even a separate blockchain on top of Kusama or Polkadot, their features bring unique innovations … And here we get decentralized finance, NFT, games … all these and other applications will run on the Polkadot network. They first launch on Kusama, then arrive at Polkadot.
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