Popular cryptocurrency analyst Lark Davis says altcoins will prove to be the best investments of 2021.
In a new video, Davis discusses which altcoin sectors he’s bullish and bearish on going into the next year. He says Bitcoin will do well, but suggests avoiding payment coins and Bitcoin forks like Bitcoin Cash (BCH), Bitcoin Satoshi Vision (BSV), Litecoin, Dash (DASH) and others. He believes that stablecoins “have won the day” in that sector.
Davis also suggests avoiding new stablecoin projects and low-liquidity variants to the main players like Tether (USDT) and USD Coin (USDC).
Additionally, the analyst is bearish on Ethereum Classic, which he refers to as a “zombie chain.” He also warns against investing in “cheap copy-and-paste DeFi,” given that there is a flood of clones still entering the market.
By contrast, Davis is bullish on “strong DeFi players” like Aave (LEND), Synthetix (SNX) and Ren (REN). He also says traders with