Best Altcoins To Buy Now

crypto influencer Lark Davis shared his latest insights on promising altcoins with his 546000 YouTube subscribers

Crypto influencer Lark Davis recently shared his latest insights on promising altcoins with his 546,000 YouTube subscribers in a video titled “Best Altcoins To Buy Now.”

Known for his candid and straightforward approach, Davis emphasized the speculative nature of his recommendations and the inherent risks of crypto investments.

After acknowledging Bitcoin’s role as the premier digital store of value, Davis highlighted the potential of altcoins to deliver high returns, albeit with greater volatility. He pointed out that while Bitcoin is the safest asset in the crypto space, it is unlikely to yield the substantial gains that some altcoins can offer.

“If you’re after life-changing gains, then you have to risk life and limb in the altcoin jungle,” remarked Davis, underscoring the potential of altcoins to generate significant returns.

The approval of spot Ethereum ETFs is a significant development that Davis believes will bring attention to other altcoin projects, setting the stage for a broader “altcoin season.” He acknowledged that while memecoins tend to gain the most attention during these times, other projects with real utility deserve closer scrutiny.

Davis expressed his intent to highlight coins with actual use cases, as these have better chances of surviving market cycles and potentially achieving long-term success.

Here's a closer look at the five promising altcoins that Davis discussed in the video:

Jupiter (JUP)

The first altcoin on Davis’s list is Jupiter (JUP), a decentralized exchange (DEX) aggregator built on the Solana blockchain. Jupiter stands out due to its ability to consistently offer the best token prices by aggregating data from multiple exchanges.

Highlighting the importance of user-friendliness, especially for onboarding new users into the DeFi space, Davis pointed out that Jupiter’s simple interface makes it easy to navigate. This ease of use, combined with Solana’s recent popularity driven by memecoins, positions Jupiter as a key gateway for traders looking to capitalize on emerging trends.

Moreover, Jupiter boasts significant trading volumes, frequently surpassing even Uniswap. In March and April, the DEX achieved $47 billion and $35 billion in trading volume, respectively.

Another key feature of Jupiter is its perpetual exchange, which offers up to 100x leverage—a substantial attraction for traders seeking to amplify their gains. Additionally, Jupiter’s staking rewards model encourages participation in project governance, providing stakeholders with further benefits such as incentivized tokens, launchpad fees, and airdrops.

As Jupiter plans to expand into the forex and stock markets, its utility and market position could be further enhanced.

Aerodrome (AERO)

Next on Davis’s list is Aerodrome (AERO), a DEX operating on Coinbase’s Base ecosystem. Having Coinbase, with its extensive user base of over 120 million, backing the Base ecosystem provides Aerodrome with a distinct advantage.

This support, combined with the upcoming introduction of smart wallets to simplify user onboarding, gives Aerodrome a significant edge. Although there is no native token for the Base ecosystem yet, Davis believes Aerodrome’s token could serve as a viable alternative, benefiting from its role as a major DeFi platform within the ecosystem.

Aerodrome currently has a total value locked (TVL) of around $700 million and a market cap of approximately $500 million. As more Coinbase users engage with the Base ecosystem, the Aero token could see substantial appreciation.

Davis has increased his holdings in Aerodrome, confident that the platform’s growth potential aligns with his investment strategy.

SubSquid (SQD)

Describing it as the “Google of blockchains,” Davis highlighted SubSquid (SQD), a comprehensive blockchain indexing solution designed to facilitate quick and cost-effective access to on-chain data.

Comparing SubSquid to a decentralized filing cabinet that organizes data from multiple blockchains, Davis explained how it enables developers to build decentralized applications (dApps) without the burden of slow queries. Supporting over 100 networks and utilized by more than 5,000 dApps, SubSquid offers a robust infrastructure for blockchain development.

With a total token supply of 1.34 billion and a market cap of around $21 million, SubSquid presents a compelling investment opportunity, according to Davis. He likened SubSquid’s market position to that of The Graph (GRT), which boasts a market cap of $3 billion, suggesting that SubSquid has significant room for growth.

Davis mentioned his participation in SubSquid’s private sale and his current holding strategy, watching for the project’s development and market performance.

Oasis Network (ROSE)

The Oasis Network (ROSE), a layer-1 blockchain focused on privacy and scalability, was another recommendation. Davis highlighted its unique two-layer architecture, which separates consensus and smart contract execution to enhance privacy and scalability.

This structure makes Oasis suitable for applications in finance, artificial intelligence (AI), and the metaverse. Highlighting the importance of privacy in blockchain applications, especially for