Crypto trader and analyst Austin Arnold chooses six of the most explosive crypto assets to buy on Coinbase before the US-based crypto exchange goes public.
In a new video, the Altcoin Daily host says the sixth coin on its list is Chainlink (LINK), and is referring to the launch of a new substrate module that will bring its oracles to the Polkadot (DOT) network.
“While dominating the Ethereum ecosystem, it is about to dominate the Polkadot ecosystem.”
The next explosive coin on Arnold’s watch list is Cardano (ADA). The reason why the trader is waiting for a rise is the fact that developers can write in multiple languages in Cardano, not just in Ethereum.
Cardano’s value proposition is pretty straightforward. It aims to be a more scalable, cheaper, faster and less congested version of Ethereum. We understand this, but will developers choose to build on Cardano? Not many people are talking about this, but in Cardano you will be able to write smart contracts in multiple languages within 6 months. Do you understand? Ethereum offers one scripting language, Cardano offers it all. ”
The fourth place coin is UMA. UMA is a protocol built on Ethereum that allows users to create specially collateral synthetic cryptocurrency tokens that can track almost anything.
Third, the virtual real estate network Decentraland (MANA), which it thinks will be “super bullish” in this altcoin cycle. The analyst adds that it is so far the only cryptocurrency in the virtual real estate space available on Coinbase.
The famous trader lists the automated yield farming protocol Yearn.Finance (YFI) in second place on its radar. Based on the total value locked in compared to the priced action, Arnold suggests that the YFI is significantly inferior.
Uniswap (UNI) is Arnold’s first digital asset on Coinbase that he is waiting to explode. The analyst notes that the recent announcement of the UNI v3 update is a bullish factor that gives the UNI huge upside potential.