Just lately, crypto analyst Austin Arnold, the host of the “Altcoin Daily” YouTube channel, talked about seven altcoins that could possibly be high performers in 2021.
In a latest video, Arnold instructed the channel’s 437K subscribers that Ethereum (ETH) is his high choose by way of value outlook for the approaching yr. Arnold predicted the sensible contract platform would break its earlier all-time excessive of $1,900 and pointed to the bullish improvement of staking on Ethereum 2.0 by way of user-friendly platforms similar to Coinbase.
Arnold additionally famous rising hype for non-fungible tokens (NFTs), generally constructed on Ethereum’s protocol, that will result in a bump in curiosity for ETH.
The favored dealer was additionally bullish on Ethereum competitor Polkadot (DOT), saying that the sensible contract platform was drawing extra market consideration.
As well as, Arnold requested viewers to take a better take a look at decentralized exchanges (DEX) PancakeSwap (CAKE) and Uniswap (UNI), with the previous seeing an enormous increase in buying and selling quantity.
“How may you not be bullish on decentralized exchanges? PancakeSwap traded over $400 million in each day quantity yesterday. It briefly grew to become the world’s second-largest DEX.”
Arnold rounded out his high picks with indexing protocol The Graph (GRT), storage information community Filecoin (FIL), and lending platform Celsius (CEL).
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The views and opinions expressed by the writer are for informational functions solely and don’t represent monetary, funding, or different recommendation.