Lark Davis gave his take on his investments and picks for both profit and potential peril in a recent livestream.
Cryptocurrency media company Wealth Mastery founder Lark Davis took to livestream today, with topics ranging across cryptocurrencies, Bitcoin, altcoins and decentralized finance.
CryptoLark also shared some of his current holdings while emphasizing their volatility and offering words of caution for all.
Davis believes that individual investors should always do their own research and due diligence before putting money into any project.
He warned against Bitcoin SV (BSV) , remaining unconvinced about Craig Wright’s claims to being Satoshi Nakamoto. He also expressed skepticism about Bitcoin Cash (BCH) as a possible candidate to be the next ETF approved in the United States.
Moving on to altcoins, Davis highlighted several meme coin and decentralized finance (DeFi) projects in which he holds positions. These included Puff, Benji and Foxy, all of which he categorized as high-risk, high-reward ventures and DeFi projects Jup and Arrow.
He went on to share other more established projects with high growth potential, including Solana, Trader Joe, and Mantle.
However, he cautioned viewers to invest wisely, do their own research and diversify their portfolios as much as possible. He pointed out that most altcoin and DeFi projects are subject to extreme price volatility.
To close out the livestream, Davis revealed his Jup and Arrow holdings while expressing his belief that Solana and Base are poised to become major players going forward.
During Q1, 2024, the market capitalization of Solana memecoins saw an increase of $8.32 billion, resulting in an 801.5% growth. By the end of Q1, the market cap reached $9.36 billion. According to Whale Insider, WIF and BOME still have the potential for a price increase of up to 10,000%.
