Successful analyst and trader Austin Arnold reveals 9 altcoins he believes will explode in 2021. Here are the altcoins on Austin Arnold’s radar …
Austin Arnold: Looks great potential in Bitcoin In a new video, “Altcoin Daily” host Austin Arnold tells his 287,000 subscribers why Bitcoin is at the top of his list. The veteran analyst points to strong institutional demand even when the leading cryptocurrency is trading near its all-time high of $ 20,000. The analyst emphasizes that Microstrategy purchased $ 50 million worth of Bitcoin for an average price of 19,427 BTC. Austin Arnold adds the following to his comments on the subject:
THIS IS THE FIRST CYCLE FOR BITCOIN, WHERE SMART MONEY AND CORPORATE TREASURES BECOME AMIGO GIRLS.
PayPal CEO: Bitcoin and Altcoins on the Verge of Mainstream Adoption Cardano is the second coin on the analyst’s list The second coin on the analyst’s list is Cardano (ADA). Austin Arnold says the smart contract platform is ready to rise with Goguen development that will bring the token lock feature. Austin Arnold adds the following to his comments on the subject:
LOCKING MEANS TO LEAVE A SEQUENCE OF TOKEN FOR A PARTICULAR TIME IN THIS CASE. THEREFORE, THEY CANNOT BE DISPOSED TO ACHIEVE ANY BENEFIT SUCH AS VOTING OR EXECUTING A SMART CONTRACT. THEREFORE, I HOPE ADD TRANSPARENCY AND SOME SECURITY TO THE COINS USED IN THE NETWORK.
Austin Arnold: Trustswap and Ripple are altcoins ready to rise On the analyst’s list is Trustswap (SWAP), which aims to become the number one non-exchangeable token market (NFT) by returning fees to the community. Austin Arnold adds the following to his comments on the subject:
THE PROBLEM OF EXISTING NFT MARKETS LIKE RARIBLY IS THAT THEY DO NOT GIVE ANYTHING BACK TO THEIR COMMUNITIES WITH THE 5% COMMISSION FEE OF THE SALES PRICE RECEIVED FROM BOTH BUYER AND SELLER, WHILE PROVIDING A GREAT SERVICE.
The fourth cryptocurrency on the analyst’s list is XRP. Austin Arnold explains why the incoming Biden administration could have a positive impact on XRP. Austin Arnold adds the following to his comments on the subject:
BRAD GARLINGHOUSE ACTUALLY DONATED TO BIDEN FOR PRESIDENTIAL CAMPAIGN AT THE EARLY OF THIS YEAR… AND ALSO DONATED TO KAMALA HARRIS PEOPLE’S CAMPAIGN WHILE ITS PRESIDENTIAL CANDIDATE.
Analyst: Tezos, VeChain, Ethereum and Injective Protocol look strong Austin Arnold said that Tezos (XTZ) could kick-start the new year with Logical Pictures, a production company in the European film and series industry, launching a $ 121 million security token offer (STO) in Tezos. VeChain (VET) is the sixth cryptocurrency that could make a splash next year. Austin Arnold highlights VeChain’s partnership with KnowSeafood, which will allow seafood farmers to upload their supply chain data to the VeChain Thor Blockchain. This information will then be accessible to consumers. Famous Manager Announces 9 Altcoins to Invest with Bitcoin, Ripple and Ethereum Forecast! There is number seven Ethereum (ETH). The famous crypto analyst points out that a new fund has emerged that will allow traditional Canadian investors to invest in Ethereum. Austin Arnold stated that investments in the Ethereum fund could rise to $ 107.5 million. Number eight is Injective Protocol (INJ), which successfully launched Testnet for the decentralized finance (DeFi) trading platform. Austin Arnold cites a direct quote from Pantera Capital partner Paul Veradittakit and says:
INJECTIVE PROTOCOL (INJ) WILL LEAD THE NEXT ADEMI-CENTRALIZED DERIVATIVE TRADE WAVE.
Austin Arnold: Bullish altcoins on Binance Coin and Uniswap Binance Coin (BNB) ranks ninth on Austin Arnold’s list. The crypto analyst emphasizes that investors continue to use Binance’s utility money, BNB. The last altcoin on the cryptocurrency analyst’s list is Uniswap (UNI). Arnold notes that Uniswap addresses make up more than half of the addresses in the DeFi domain. Also, the analyst thinks decentralized exchanges like Uniswap will become more popular next year.