Crypto trader Lark Davis says this growing Subcoin is poised to rise even higher

A popular crypto trader believes he is ready to continue the huge growth of a particular cryptocurrency.

In a new video on YouTube, crypto trader and Sunday analyst Lark Davis tells his 417,000 subscribers that he sees the Terra smart contract platform (LUNA) as the primary contender for the next stage of the bull race.

 
Lark says the platform has come a long way in the rankings, focusing only on highly desirable apps.

“The most important thing is to create what people want, and that’s what Terra can do.

Now that’s actually very, very impressive, because Terra Trump is the moon … at the time of the recording of this video, Number 22 was in CoinGecko. Now he has managed to fly … the first 22 coins are actually with only three apps in the entire blockchain.”

The three apps Davis refers to are Ankr crypto credit protocol (ANKR), mirror platform protocol for synthetic stock trading (Mir), and mobile payment app Chai.

Davis also highlights the unique property of UST, Luna’s own algorithmically bound stable coin. This feature requires Luna tokens to be burned from delivery when a new master arrives.

“What happens when we have dozens of apps-all these Defi protocols want this stable ust medallion, and people keep burning Luna to get more UST.”

On Twitter, Davis completed his ascension thesis by highlighting the upcoming update of the Terra ecosystem called Columbus 5.

“Now let’s talk about Columbus 5, there will be a big update:

– Set all the nerves on fire (more Moon fires)

– Pay strikers more 

– Csgmg cosmos integration

The Terra wormhole update will connect Terra to the Ethereum, Solana and binance smart chain. 3 of the top 5 chains according to TVL [total cost blocked].

Assuming that and more in the same way as Terra and I think the price will be much higher.”

At the time of writing, Terra was trading at $ 29.40 and has a market capitalization of $ 15 at CoinGecko.

Source: Lark Davis

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