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Trader Lark Davis Says 200X Altcoins Will Burst on the Scene This Year – Here Are Two Little-Known Crypto Assets He’s Eyeballing

Crypto analyst Lark Davis says certain low-cap altcoins could increase in value by 200x during the current bull run. In a new YouTube video, Davis encourages investors seeking big returns to take some risks. Lower cap coins, he explains, are a lot more likely to unleash huge gains – though they’re also far more likely […]

The post Trader Lark Davis Says 200X Altcoins Will Burst on the Scene This Year – Here Are Two Little-Known Crypto Assets He’s Eyeballing appeared first on The Daily Hodl.

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Crypto analyst Lark Davis says certain low-cap altcoins could increase in value by 200x during the current bull run.

In a new YouTube video, Davis encourages investors seeking big returns to take some risks. Lower cap coins, he explains, are a lot more likely to unleash huge gains – though they’re also far more likely to plummet to zero.

“Right now, I’m looking around at coins with market caps under $100 million and thinking, ‘Yeah, yeah, yeah, these can 50x, these can 100x, maybe some of them 200x.’ There’s a lot of opportunity there. This is your chance for financial independence if you’re ready to take it.”

Davis says he recently acquired Oasis Network (ROSE) and Ramp (RAMP), the 162nd and 427th ranked assets by market cap respectively, according to CoinGecko.

When investing in low-cap coins, Davis says he looks for fundamentally strong concepts, public development teams, and big backers. He also says he very rarely puts more than 1-2% of his portfolio in these smaller projects.

“There will be bigger gains yet to come. That’s the exciting thing. The next few months could be one of the best financial periods of your life if you play your cards right. Now this is when you can actually watch a few thousand dollars invested into the right coins turn into like a few hundred thousand dollars.

You think that sounds crazy? You think ol’ Lark’s been hitting the hopium bong a little bit too hard again? Well let me tell you this – those kind of gains are exactly what happened during the last bull run. Coins saw multi-thousand percent gains in very short periods of time.” 

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Tithi Luadthong

Source: https://dailyhodl.com/2021/01/07/trader-lark-davis-says-200x-altcoins-will-burst-on-the-scene-this-year-here-are-two-little-known-crypto-assets-hes-eyeballing/

Blockchain

Solana targets growth in Southeast Asia with a $5M grants scheme

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Solana has turned its focus towards decentralized finance in Southeast Asia with a new $5 million development fund.

The Solana Foundation created the fund in partnership with Vietnam-based investment firm Coin98 Ventures, enabling regional startups building on Solana to receive technical, marketing, and community support, as well as up to $100,000 in funding. The fund will run for the next three years with a specific focus on projects within the DeFi and Web3 spaces, including marketplaces, exchanges, and other DApps or tooling.

This is one of the first grants specifying a core region of interest, with a particular focus on Vietnam. Solana Foundation Executive Director Eric Williams:

“Our goal is to create the optimal conditions for developers in Southeast Asia to build amazing things on Solana.”

According to the announcement, “project teams may be distributed, but must have a physical presence in Southeast Asia.” The announcement makes it clear that if they do not have a presence there, they will not qualify for the fund.

Williams explained that the foundation partnered with Coin98 Ventures because of the technical and community support they can provide, adding that the key to this fund being successful is the combination of financial and technical support:

“Sometimes hurdles can be solved with extra money, other times they cannot.”

DeFi is gaining traction within the Solana ecosystem, driving trading volume to all-time highs earlier this month.

Using treasuries and fund campaigns to boost developer ecosystems within blockchains is common with programs already available for a range of blockchain networks including Bitcoin, Ethereum, OkCoin, and Polkadot.

In September last year, Polkadot received one of the largest fund boosts to date with Digital asset development company RockX investing $20 million to support the Polkadot ecosystem over the next five years.

Source: https://cointelegraph.com/news/solana-targets-growth-in-southeast-asia-with-a-5m-grants-scheme

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Blockchain

US SEC charges crypto trader ‘Coin Signals’ in $5 million fraud case

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United States Securities and Exchange Commission (SEC) charged a cryptocurrency trader for allegedly being involved in a ponzi scheme defrauding more than $5 million from over 170 investors. The accused, Jeremy Spence, who goes by the name “Coin Signals,” was charged in Manhattan Federal Court for “soliciting funds” for various crypto funds that he operated. 

Federal authorities claimed that Spence operated a Ponzi scheme and that his offenses include “commodities fraud and wire fraud.” According to SEC, investors transferred Bitcoin and Ethereum to Spence, so that he could invest the assets on their behalf.  

Federal Bureau of Investigations (FBI) Assistant Director-in-Charge William Sweeney Jr claimed that Spence enticed investors by giving them false information about the “success of his investment platform.” The trader allegedly used money from new investors to pay off others in order “to keep his plan moving” which the FBI Director said was “a  typical marker of a Ponzi scheme.”

The official complaint read:

Spence solicited investments for several Funds, the largest and most active of which were the Coin Signals Bitmex Fund, a/k/a the “CS Mex Fund,” the Coin Signals Alternative Fund, a/k/a the “CS Alt Fund,” and the Coin Signals Long Term Fund. 

Manhattan US Attorney Audrey Strauss alleged that Jeremy Spence lured investors to his crypto “investment scam” by promising returns of up to 148%.  The Attorney further said:  

Spence’s investments not only failed to reach his audacious claims, they consistently lost money, leaving a $5 million void in his clients’ crypto accounts.

According to the Commission, Spence was arrested this morning in Rhode Island. He could face nearly 30 years in prison if authorities convict him on all charges. 

Source: https://ambcrypto.com/us-sec-charges-crypto-trader-coin-signals-in-5-million-fraud-case

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Blockchain

American Cancer Society accepts donations in Bitcoin, Ether, and other alts for cancer research fund

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American Cancer Society (ACS) along with The Giving Block, a crypto donations company, launched “Crypto Cancer Fund,” which will be exclusively funded using cryptocurrency.

According to a release emailed to AMBCrypto, American Cancer Society is seeking to raise at least $1,000,000 by early 2021. The crypto community’s contributions are said to go directly to funding ACS’ cancer research program and will help support “crucial research funding for new discoveries and better cancer treatments.”

The fund will accept contributions in Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Litecoin (LTC), Zcash (ZEC), Gemini Dollar (GUSD), Basic Attention Token (BAT) and Chainlink (Link).

Pat Duffy, co-founder of The Giving Block said in a statement: 

I believe cryptocurrency will play a pivotal role in curing cancer…With Bitcoin hitting a new all-time high, the creation of this new fund opens the door for the booming crypto market to save lives.

Additionally, the first crypto donor who contributes $250,000 or more will apparently have the opportunity to name the fund, “in their name or that of a loved one.”

Furthermore, a Crypto Cancer Fund Wall of Honor will feature donations of $10,000.

ACS will announce the renaming of the fund when the major gift occurs.

American Cancer Society’s interim chief digital officer, Jeff Klass wanted “as many people” to join the cause, for which he wanted to ensure that “people can give to the fight against cancer when, where and how they choose.”

So far, the initiative has generated about $175,000 in crypto donations, among which, the largest contribution of 5.6 BTC ($186,000) was sent anonymously.

Source: https://eng.ambcrypto.com/american-cancer-society-accepts-donations-in-bitcoin-ether-and-other-alts-for-cancer-research-fund

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