Popular youtuber and crypto trader Lark Davis named six altcoins that could make a big price spike. He added that the list is based on positive news.
The Injective Protocol (INJ), according to the analyst, could record an insane jump in prices after the recent report that the project received an investment of $ 120 million. This circumstance will attract traders to the protocol, as it is one of the largest exchange incentive programs in the crypto industry.
Every time a big incentive program is run, the price goes up as people chase their money.
The Injective Protocol is a Decentralized Financial Exchange (DeFi) with zero gas fees and other important benefits.
Recently, the Acala project won the first Polkadot parachain auction with over 32 million DOTs, and that means. In the future, the company will attract cross-chain assets, respectively, the system will have access to Bitcoin and Ethereum, as well as to a wide range of DeFi products.
Acala is a major player in the DeFi sector for the Polkadot ecosystem.
Elrond is expected to benefit enormously from the Maiar exchange project.
If you have placed your Elrond tokens on the Maiar wallet, then you will receive a free distribution of the Maier exchange token.
Davis believes this is a major contribution to the future of Elrond, as it is the first exchange to launch on the blockchain.
We will see tokens for trading, farming, liquidity and others that were previously lacking in the Elrond ecosystem.
Holoride is one of the best cryptocurrencies with a lot of potential. This project is incredible as it turns cars into moving parts.
Its sale is approaching, and according to Davis, the token sale will be affected by the hype of the metaverse, games and Elrond. Holoride helps augmented reality or “car entertainment” crossover.
The project is working with selected major car brands such as Porsche to equip the cars of the future with virtual reality for the entertainment of children and drivers.
Polygon recently announced a new member of the Polygon family called Polygon Miden, which is compatible with the Ethereum VM. This is the Ethereum Layer 2 scaling solution.
The Polygon ecosystem continues to expand and gain momentum.
Polygon also announced a partnership with OxPolygon to promote Bitcoin DeFi. Davis expects these initiatives to have a significant impact on the price of the MATIC token.
Sandbox has opened its own metaverse, so for a limited time, players will be able to play 18 different games as part of the SandBox Alpha release.
It’s super exciting and it just speaks to the vast potential of the metaverse asset. Sandbox is success, including future success.
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