Popular crypto influencer and trader Austin Arnold uncovers three altcoin projects that he says have the potential to change life as they move towards mass adoption.
Renowned analyst Austin Arnold highlights Ethereum rival Cardano (ADA)
Renowned analyst Austin Arnold first highlights Ethereum rival Cardano (ADA), who have formed impressive partnerships in Ethiopia and Tanzania, in a new video. Austin Arnold notes that the team behind Cardano in Ethiopia plans to bring the decentralized identity solution Atala PRISM of Input Output Hong Kong (IOHK) to 3,500 schools in the country, helping to facilitate the identification process for five million students.
It collaborates with Cardano Mobile World Group in Tanzania and aims to bring mobile internet, digital identity and financial solutions to rural residents. Austin Arnold was impressed by the team’s broader plans and added that as the Cardano network expands worldwide, it approaches mass adoption. The next altcoin project on the analyst list is Benchmark Protocol (MARK), the repayment token.
Austin Arnold: Benchmark Protocol (MARK) offers a lot to investors
Rebase token refers to an unrelated entity with an elastic supply. The MARK token will likely remain the same price over time, but the amount of tokens in circulation is constantly fluctuating. Austin Arnold emphasizes that MARK is an asset that offers stability in times of high volatility, as it functions as a flexible hedging tool. Austin Arnold adds the following to his comments on the subject:
Benchmark says that if the world sinks we will need liquidity. And we will need liquidity from something really unrelated… The DeFi (decentralized finance) field needs a collateral service that maintains its effectiveness during periods of high volatility and increases internal core liquidity.
The benchmark will soon officially launch the peer-to-peer marketplace on Ethereum and Binance, whitelisting popular assets such as PancakeSwap (CAKE) and Chainlink (LINK). In addition, Benchmark offers owners the opportunity to form on The Press platform, where users can earn 200% or 300% annual percentage return (APY).
The benchmark is cryptocurrency, the lowest market capitalization Austin Arnold mentioned, and is just above a $ 40 million valuation at the time of writing. The last altcoin that Austin Arnold believes can change lives is Chainlink (LINK) as it locks into a partnership with the UNICEF Innovation Fund to support blockchain applications in emerging markets. The Chainlink team announced the partnership and details of the initiative in a recent blog post. Austin Arnold adds the following to his comments on the subject:
As part of advancing this initiative, we are excited to provide a grant to support the UNICEF Innovation Fund, a pooled fund designed to fund start-up initiatives, and a new financial tool that allows UNICEF to acquire, hold and distribute cryptocurrency. There is also UNICEF CryptoFund.