Altcoin Daily host Aaron Arnold, Bitcoin (BTC) and Ethereum (ETH) While he predicts that the successful trend for the market will continue, he explained that he sees potential gains for several mid-cap altcoins, along with the reasons why.
In his latest YouTube video, Arnold has 1.11 million subscribers; A decentralized platform for Internet of Things (IoT) devices. Helium (HNT) He says he expects it to continue to rise.
“This project is very heavily VC. [girişim sermayesi] but they have lots of quality VCs and I think they make real stuff happen.
Token scarcity is integrated into the Helium token economy. As the number of hotspots increases and halvings occur every two years, the average daily amount of HNT burned by Hotspots naturally decreases.”
Helium is a blockchain that uses operational nodes known as Hotspots, a combination of wireless gateway and mining device. HNT is trading at $54 per coin, up 10% at the time of writing.
Elrond Network (EGLD) The latest news about the Altcoin Daily co-host is getting pretty excited about the high-speed transactional blockchain, placing EGLD second on the list of expected altcoins to rise.
“The first stablecoin to be implemented on the Elrond Network is USDC, a central stablecoin with bluechip (projects considered a trusted investment) [Coinbase’in USDC’si]. Elrond bridges with USDC.
And these are just the things we see on Elrond weekly or monthly. The amount of projects, partnerships, bridges, updates and things like that built on the Platform can never be underestimated.
10 million transactions, 888,000 accounts, 3,200 validators. We just have begun.”
The altcoin is reacting quite well to the news that the US Dollar Coin(USDC) stablecoin has been released on Elrond’s platform. EGLD has increased by over 23 percent in the last 14 days and at the time of writing 316.95 traded in dollars.
Widely followed crypto trader decentralized finance (DeFi) platform following the final unanimous vote within the community to upgrade the platform to V3 (version 3) AAVE (AAVE) predicts a bright future for
“[Aave], a project that is the bluechip among lending and borrowing platforms in decentralized finance. And they are about to undergo a major upgrade.
If all goes as planned we will see some major updates and this is for Aave [fiyat açısından] it will be very useful.
When you start to understand the third version, you will see how sexy it is. Basically, you’ll be able to borrow and lend from different chains.”
Despite the upgrade, AAVE has dropped nearly 8 percent over the past seven days and is currently trading at $306.88.
Following these altcoins, the Altcoin Daily server cannot help but highlight the two biggest players in the crypto space: Bitcoin and Ethereum. As for the largest crypto asset by market cap, Arnold to Bitcoin (BTC) He gives a stern warning to those who don’t pay enough attention.
“I would be gnawing at myself if I didn’t tell you this because I’m pretty optimistic about Bitcoin. Bitcoin supply is getting more and more limited by the day.
Supply shock is no joke. Ladies and gentlemen, don’t overlook Bitcoin.”
According to data from CoinGecko, Bitcoin is trading at $64,042, down about 2 percent in the last 24 hours at the time of writing.
Finally, Arnold, the leading smart contract platform Ethereum (ETH) He argues for the fact that it will continue to steal market dominance from Bitcoin.
“Coinbase’s third-quarter earnings have been announced. Ethereum volume exceeds Bitcoin volume for two consecutive quarters
We are starting to see a change.
The dominance/increasing dominance of Ethereum is undeniable.”
The second largest cryptocurrency is changing hands at $4,662 at the time of writing.
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.