Crypto trader Aaron Arnold enumerates four crypto projects that have made big moves regardless of market price fluctuations. Arnold says smart contract platform Avalanche (AVAX) has made “real progress” with its ecosystem of 358 projects that has grown rapidly in the past 13 months. FTM, CHZ and Aave are other altcoin projects highlighted by the analyst. Detail cryptocoin.com‘in.
4 featured altcoin projects
Also on its list is Fantom (FTM), a blockchain platform for decentralized finance (DeFi) and decentralized applications (DApps). According to Arnold, Phantom continues to show signs of strong fundamental growth. Analyst: “Phantom is a fast and scalable next-generation layer-1 platform. “1.1 million unique addresses, 75,000-plus daily active addresses, nearly 1 million daily transactions, 44,000-plus smart contracts deployed, with a total locked value of $5.3 billion.”
The analyst is also closely watching the lending and borrowing protocol Aave, which has recently passed its third iteration (V3). Arnold highlights a feature he says could change the game for the DeFi protocol:
AAVE, already a blue chip, they are now releasing their V3. Tons of brand new features. Probably the biggest game changer is what is known as Portal, which allows assets to flow seamlessly between Aave V3 markets over different networks. So from Ethereum to Avalanche to Phantom to Cardano to Solana, this is what we’re talking about.
Arnold’s latest altcoin is the fan engagement token Chiliz (CHZ). According to Arnold, Chiliz could benefit from Socios’ new partnership with NFL team New England Patriots. Anlaist: “Chiliz is the world’s first token sports exchange. “The Chiliz token powers the Socios fan engagement app, so I would say this is probably pretty good for projects like Chiliz or Chiliz.”
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