digital assets XRP and Ethereum AAVE, AXS and Polkadot
Analyst Lark Davis predicts, that Ethereum, XRP, AAVE, AXS and Polkadot will rise in december.
The DeFi market and all protocols could see a strong growing adoption in the next months.
With the crypto market looking to recapture the momentum it lost towards the end of last week, investors are on the prowl for profit opportunities to pounce on. Lark Davis, a crypto influencer and analyst, has revealed some top digital assets for investors to watch as 2020 comes to a close. In a recent YouTube video published last weekend, Davis highlighted some attractive digital assets for investors to consider in December.
Davis started with popular digital assets XRP and Ethereum. He believes ETH 2.0 could be a game-changer for Ethereum and the crypto ecosystem as a whole. Davis also touched on XRP and the effect the Spark token airdrop in December would have on its price. Besides these large-cap cryptocurrencies, the analyst also spoke on three hot newcomers that are making quiet moves.
The Aave v2 hype should push AAVE
First on Davis’ list is decentralized finance (DeFi) lending token Aave. This is currently the third-ranked lending protocol on DeFi Pulse, behind Maker and Compound. However, Davis shared, the project has launched v2 on testnet, which could attract an influx of users when moved mainnet.
Davis also highlighted some of the benefits that Aave v2 will provide. These include optimized transactions, a reduced number of transactions required to interact with the protocol, reduced gas fees, fixed rates for deposits, and more.
The protocol also announced an update that now sees governance transferred to token holders. The move comes following a vote in favor of the Aave Improvement Proposal (API), which launched a migration functionality from the LEND utility token to the new AAVE governance token at a 100:1 rate.
Davis believes that Aave could lock into some lucrative markets with so much development to provide insane returns to users.