In a recent video for his very popular YouTube channel, popular New Zealand-based crypto analyst Lark Davis (@TheCryptoLark on Twitter) talked about five cryptoassets that “have a lot of potential” and why he is paying attention to them in May.

These five crypto projects that Davis talked about were RAMP ($RAMP), Polygon ($MATIC), Ethernity ($ERN), Polkadot ($DOT), and Litecoin (LTC).

RAMP (RAMP)

“I’ve been bullish on RAMP for a long time now. I’ve been talking about it here on the channel since RAMP was at $0.04 or something like that… I still think that RAMP has a lot of gas in the tank… My target for this has been around $5, but a 10x would put us around $6.50 which also would not be all that crazy for RAMP…

“What I think is most important here and gives the potential for the price to move up is that we have a real product now. Every day people are going to be staking getting those rUSD. Now, we have a real decentralized finance (DeFi) product with a real revenue model… so I think now we’re going to start seeing RAMP taking off.“

Polygon ($MATIC)

“Polygon has been absolutely slaying it when it comes to adoption… Now, why am I bullish on Polygon? Well because Polygon is launching a $100 million fund to support DeFi adoption. Now we already have Polygon working with some of the biggest DeFi protocols out there, we’re doing a million transactions per day on Polygon, we have Aave which now has $2 billlion dollars in liquidity locked on Polygon… This is showing that layer-2 is actually succeeding, Ethereum is actually scaling.“

Eternity ($ERN)

“The NFT space is so highly speculative, the last thing you want to be doing is buying fraudulent NFTs which again is where Ethernity comes in because they’re bringing real NFTs from real celebrities.“

Polkadot ($DOT)

“It’s definitely a top five ecosystem, very excited about what Polkadot is building. And when parachains do launch that is the magic moment, that’s when everything goes crazy for Polkadot, because that means all of a sudden you have a real ecosystem, real users…

“At the end of the month, we have the Polkadot Decoded conference… They’re probably going to release some nice little juicy nuggets in terms of information. I’m watching to see what they announce here. Maybe we’ll get some firm dates for when we see those parachains coming out… very excited about this, definitely something to keep on your radar.“

Litecoin ($LTC)

“You have to keep in mind Litecoin does have the ‘pumpamental factors’ because love it or hate it, Litecoin continues to get included at all of the conversations in all the platforms.“

DISCLAIMER

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.

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