According to Altcoin Daily, These Crypto Assets Have the Potential to Earn 10X by 2022!

The host of Altcoin Daily, crypto analyst Austin Arnold, revealed his preferred crypto choices for 2022 as markets try to get over a sluggish start to the new year.

Speaking in a new video, the analyst stated that he remains interested in Bitcoin, which has been experiencing great selling pressure after reaching an all-time high above $69,000 in November.

“People buy at the bottom on every stock market. Bitcoin is leaving the exchanges. Miners, on the other hand, do not sell their Bitcoin, they hold it.”

Currently, Bitcoin (BTC) is trading at $42,613, down 2.02%.

Leading smart contract platform Ethereum (ETH) is also on Arnold’s list, and analyst ETH noted:

“Ethereum has its own ongoing supply shock. The value of the Ethereum 2.0 deposit contract exceeds $30 billion. Once holders have put their ETH into the deposit agreement, they cannot issue it again until it is fully switched over.”

Ethereum is down 2.17% on the day and is trading at $3,259.

Arnold, decentralized finance protocol recently deployed on other Layer-2 protocol Polygon (MATIC) Uniswap (UNI) He also shared his opinions about it.

“The year 2022 could be the year of the Tier-2s.”

Uniswap is trading at $15.61 and Polygon at $2.26.

Another Tier-2 crypto asset of interest to the Altcoin Daily host is a scaling solution for non-alterable tokens (NFTs) aimed at enabling near-instant, zero gas fee transactions. Immutable X (IMX) it happened.

Immutable X (IMX) is down 3.24% on the day and is trading at $3.55.

Another altcoin on Arnold’s list was Tezos (XTZ), an open-source platform that has recently accelerated institutional partnerships. The analyst considers the latest milestone to be ready-to-wear giant The Gap’s launch of NFT collections based on the Tezos platform.

“Tezos is definitely an altcoin to watch as it does big things.”

Tezos was also a bit lively today and is trading at $4.18.

Looking at the ‘Internet of Things’ space, the open-source public blockchain that has recently passed the 450,000 hotspot milestone, according to the Altcoin Daily host Helium Network (HNT) stands out.

Arnold noted about Helium:

“A project with high quality and strong venture capital.”

Helium Network (HNT) is currently trading at $32.59, down 7.23% on the day.

Enterprise-grade scalable blockchain platform Elrond (EGLD) is integrating EGLD as a form of payment after acquiring Web3 payment provider UTRUST (UTK).

“Big win for EGLD.”

Elrond continues its overall daily downtrend and was down 6.57% to $196.72.

Last on the Altcoin Daily server’s list is the decentralized exchange platform dYdX (DYDX), which the host aims to achieve complete decentralization by the end of this year.

Currently, dYdX is up 2.38% and is trading at $7.81.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.

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