Four crypto chains with huge potential in 2022 according to Lark Davis

• Lark Davis predicts that Elrond will hit $1000 by the end of the year.

• Davis explained that Oasis has some interesting and powerful architecture using what they call the paraTime scaling for very high transaction speed, high scalability, and large workloads.

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Lark Davis, a crypto analyst and YouTuber has in a recent video disclosed four crypto chains that could bring massive gains to investors. Having admitted that 2021 was very positive to the likes of Solana and Polygon, Davis believes that there are blockchains outside the top 20 that have huge potential for growth in 2022.

Fantom

Fantom is quite popular and has performed incredibly well in terms of price movement. It is supported by very powerful technology. It is an Ethereum compatible blockchain that is highly scalable and can process thousands of transactions per second. Fantom offers a lot of great Apps also available on the Ethereum network. Just recently, it committed $314 million to boost its ecosystem development. Its Total Value Lock (TVL) is up by around 107 percent in a month, and about 31 percent in a week. With 119 protocols, Fantom is mounting more pressure on the likes of Solana, and according to Davis, can cause a lot of upset this year. 

Elrond

Elrond is outside the top 20 highest ranked coins but is a very promising blockchain according to Davis.

I can see it is heading to $1000 per coin.

Davis has observed that they have some incredibly profitable farms. 

There is a set of opportunities on the Maiar exchange.

Elrond has announced several partnerships and developments including its recent UTrust acquisition which allows a massive range of payments to happen using Elrond. They also got a $15 million Dubai-based incubator fund. As it stands, Elrond can scale more than 100,000 transactions per second. 

Oasis

Oasis is a privacy-enabled blockchain for open finance and a responsible data economy. The network has an operational mainnet and is doing private and scalable Defi. 

The privacy feature is pretty important when you realize everything is not really private in the crypto space. The privacy feature unlocks things like private lending and private automated market maker.

Davis explained that Oasis has some interesting and powerful architecture using what they call the paraTime scaling for very high transaction speed, high scalability, and large workloads. It is also backed by renowned partners like Binance, Chainlink, etc. 

Moonbeam

With the launch of the entire Polkadot ecosystem, Moonbeam was the first to market on top of Polkadot. Moonbeam is Ethereum compatible, meaning all the great apps on Ethereum can come over to Moonbeam to get access to the Polkadot ecosystem. Moonbeam is backed by some big names in the crypto sphere including Binance and Coinbase. In addition, it is working with the top applications in the crypto space like Sushiswap, Chainlink, etc. According to Davis, Moonbeam together with Oasis, Elrond and Fantom has the potential to take the crypto market by storm.