Three Low Cap Altcoins Could Soon Explode on Binance Chain, Says Crypto Trader Lark Davis
Crypto influencer Lark Davis is naming three low-cap altcoins on the Binance Smart Chain (BSC) that he believes are ready to explode in value.
In a new video, the trader starts off his list with Pancakeswap (CAKE), noting that the Binance-based decentralized exchange (DEX) recently managed to overtake the Ethereum network in the number of transactions it’s processing per 24 hours.
From Davis’ point of view, CAKE has all the attributes of an undervalued coin ready to rocket upward.
“I suspect that we’re going to continue to see Pancakeswap moving up the charts and becoming a more and more prominent decentralized exchange. The users are there. The daily volume’s there. Just the market cap is a bit behind in comparison to Uniswap which only does half the daily volume right now.”
The second coin Davis puts on his list is FINE, the native asset of NFT (non-fungible token) marketplace Refinable. The Refinable marketplace allows users to create, trade, and leverage any digital content.
Davis posits that since the NFT space is still so nascent, projects like Refinable have huge upside potential to grow and claim a chunk of the industry.
“There’s still a lot of opportunity for people like Refinable and these kinds of projects to be able to come in and actually get a good share of the market.”
The trader also mentions that Refinable has a noteworthy investor base, including Binance, the world’s largest crypto exchange, and Mr.Beast, one of the most successful YouTubers and content creators.
“So that is a big, big deal in terms of getting eyes on Refinable moving forward. I mean just imagine when Mr. Beast starts launching his own Youtube creator NFTs on the Refinable platform. That’s going to be big, that’s going to bring a lot of attention to Reifnable and of course to the Refinable token.”
Refinable’s FINE token was set to launch this past Friday, but was delayed due to heavy traffic on the CAKE platform. The team has not rescheduled its IDO (initial DEX offering) as of yet.
The last altcoin on the Binance Smart Chain that Davis sees exploding to new heights is SMTY, the governance token behind Smooth Finance. Smoothy is a single pool liquidity protocol that allows users to swap between different stablecoins with little to zero slippage. According to the widely-followed crypto analyst, SMTY could end up being a major cog to the infrastructure of the decentralized finance space.
“This one has got a lot of potential because these key pieces of infrastructure for decentralized finance (DeFi), they may not be as sexy and exciting as the cool NFTs backed by Mr. Beast – which is cool obviously – but this is the infrastructure that actually allows DeFi to work in a smooth fashion for people. It allows it to be a good user experience where you’re not getting crushed on fees, you’re not getting crushed on slippage and so this kind of product actually allows users to have that nice user experience.”
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Author: Daily Hodl Staff