- The year 2023 started on a good note with the altcoin market recovering pretty well in the first month itself.
- Lark Davis shares a list of some potentially strong altcoins that could 100x from the current levels.
Altcoins like Solana and Polygon stormed the cryptocurrency market during the bull run of 2021. These altcoins returned investors not less than 8x-10x returns. Although these projects are fundamentally sound, expecting the same returns in the future won’t be wise.
If you’re looking for altcoins that can fetch you somewhere around 100x returns in the coming bull cycle, you need to look at some altcoins flying under the radar but holding strong future potential. Popular market analyst Lark Davis has shared a list of potential altcoins that could provide explosive gains to investors.
Want to get the next #solana or $matic?
Well here is a list of potential 100X #crypto #altcoins to watch out for in 2023. None are released yet. But many have testnets.
These are the coins to watch out for this year that could be the next big things.
Warning! Alpha ahead 🧵
— Lark Davis (@TheCryptoLark) February 21, 2023
From the below list, none of the altcoins are released yet, however, many of them have testnets. Let’s take a look at each one of them.
1. Celestia
Over the last two years, the Web3 industry has registered humongous growth with many projects launching in this space. Celestia is one such modular blockchain focused on “simplicity, scaling, and interoperability”. It is the first modular blockchain network to power scalable and secure Web3 apps.
2. Shardeum
Based on the Ethereum Virtual Machine (EVM), Shardeum is a Layer-1 network that delivers massive scalability of up to 100,000 transactions per second (TPS). Besides, it processes transactions at a very negligible rate of $0.01. It’s the world’s first EVM-based L1 that uses dynamic state sharding to increase TPS with every new node. Built by WazirX founder Nischal Shetty, the Shardeum testnet is live.
3. Myria
Myria is a Web3 gaming ecosystem that allows market players to launch and scale their blockchain game in a matter of hours. Myria is an Ethereum Layer-2 platform custom-built for gaming offering 9,000 transactions per second (TPS) at zero gas fees. They have partnered with Starkware and are working on a handful of games already. Metarush, the first Myria-based studio game is already live.
4. Sui Network
Built by ex-Facebook employees, Sui Network is basically an Aptos competitor that allows developers to build great things without much competition. The official homepage for Sui Network explains:
Sui is the first permissionless Layer 1 blockchain designed from the ground up to enable creators and developers to build experiences that cater to the next billion users in web3.
The testnet for the Sui Network is already live.
5. Quai Network
The Quai Network comprises a dynamic network of EVM-compatible blockchains that can collectively achieve a throughput of more than 50,000 transactions per second (TPS). The Quai Network states that it can achieve this milestone without compromising on security and decentralization.
In exchange for engaging on its social media platforms, Quai Network is offering an airdrop. The Quai Network employs a multi-thread approach that provides enough scalability without any kind of compromise.
6. Sei Network
The Sei Network is the first sector-specific Layer-1 blockchain network built specifically for exchanges. Sei gives crypto exchanges the top priority with features like frontrunning protection, an order matching engine, and multiple levels of order bundling.
At 600ms, Sei is the fastest chain to finality today in the blockchain industry, all at low-cost transactions and greater throughput. Besides, the Sei Network has the backing of some of the biggest players in the crypto space such as Coinbase. The Sei Network has also confirmed its airdrop.
7. Layer Zero
Layer Zero is an omnichain interoperability protocol allowing decentralized applications (dApps) to build across different blockchains in an efficient and trustless manner. Using on-chain Ultra Light Nodes, Layer Zero connects dApps across chains while achieving “the security of a light node with the cost-effectiveness of a middle-chain”.
Using the simple interface of Layer Zero, developers can switch change their dApps to omnichain applications. Layer Zero has huge backers in the blockchain space and they have recently confirmed an airdrop.
8. Analog
Analog is a Layer-0 blockchain network using proof-of-time. Crypto analyst Lark Davis believes that everyone in the crypto community will be soon talking about it in the coming months. The Analog blockchain caters to a wide industry sector such as Metaverse, NFTs, and decentralized finance (DeFi).
The Analog blockchain has a native token $ANALOG to fuel the network operations. The official website of Analog blockchain notes $ANAOLG “underpins the functionality of the entire platform by incentivizing broadcasters to submit event data and time nodes to verify event data”.
$ANALOG tokens will also allow token holders to participate in Analog’s on-chain decentralized governance model.
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Lark Davis notes that for investors to make exponential gains in the upcoming bull run, they need to carefully observe the shifting trends in the industry. “Get the free testnet airdrops when you can. Otherwise, watch for grabbing post listing bags (ideally after the hype finishes) and keep an eye for early ecosystem coins like DEXs.” he wrote.
As a disclosure, Lark Davis stated that he has invested himself in projects like Myria, Analog, and Partisia. Altcoins have been one of the major contributors during the previous bull runs in the market. They would continue to contribute in the upcoming bulls runs as well.
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