The host of a YouTube crypto channel names six altcoin projects that he thinks will be huge in the future. The analyst also points to the leading altcoin Ethereum and the DeFi, non-fungiable token space it powers. NFT projects are also on the analyst’s list. Here are the details…
Analyst reiterated the superiority of the leading altcoin project
Altcoin Daily host Aaron Arnold said that Ethereum (ETH) is the clear leader in mass crypto adoption. Arnold points to a tweet by Bloomberg strategist Mike McGlone where the respected analyst called ETH “the collateral of the internet” and focused on crypto’s leadership in the DeFi, NFT space. ETH, which is in the second place with its market value, is changing hands at $3,485 with a 6.5 percent rise at the time of writing. Adhering to
NFTs, Arnold predicts massive adoption of Cardano (ADA) Blockchain, an Ethereum competitor. Arnold said ADA will begin to stand out due to the recent announcement that world-famous rapper Snoop Dogg is releasing an NFT collection on Cardano. As we have also reported as Kriptokoin.com, Snoop Dogg published NFTs on the Gala (GALA) platform earlier this year.
The analyst also draws attention to NFT projects
On the topic of NFTs, the analyst also points to Azuki (AZUKI), a new Ethereum-based NFT project with an upcoming airdrop. Also on the subject of NFTs, the analyst said Solana (SOL) will see an adoption boost thanks to the leading NFT marketplace OpenSea’s announcement of support for SOL-based NFTs from the end of this month. Arnold is also optimistic about the future of Solana-based altcoin STEPN (GMT), a lifestyle app that has recently hinted at a major upcoming industry announcement.
Finally, Altcoin Daily co-host, Polkadot’s (DOT) ) is one step closer to widespread mainstream adoption, he says. Arnold’s prediction is based on the news that DOT parachains Acala and Karura will connect Polkadot and Kusama (KSM) to a multi-chain bridge called the wormhole. This update will make DOT interoperable with most layer-Blockchains such as Ethereum and Solana.
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