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An industry influencer, professional cryptocurrency trader Austin Arnold named 12 altcoins that he believes will explode next month.
In a new video, Arnold opened the list with virtual real estate platforms including Decentraland (MANA) and Sandbox (SAND). The cryptocurrency trader argues that these platforms will grow rapidly as the virtual real estate space finds mainstream adoption.
“The world is getting more and more digital, and Decentraland and Sandbox are setting themselves up to be key players in this VR virtual real estate revolution.”
Next, Arnold said he believes The Graph protocol’s native cryptocurrency (GRT) is another type of altcoin with potential in 2021.
“If Ethereum or Cardano or Polkadot or any DApp smart contract platform becomes the world’s decentralized supercomputer, we will need a way to query all that information. And that’s exactly what The Graph is aiming for. ”
Another altcoin set to rise, according to the cryptocurrency trader, is the Theta video streaming blockchain (THETA), which recently delayed its mainnet launch to June to add more features.
“The reason they moved the event until June is because their development team is still working to incorporate some building blocks for one NFT token or NFT marketplace for Theta mainnet 3.0.”
In addition, decentralized exchange Uniswap (UNI) has great potential as the project is introducing features that will make the platform “more attractive” to liquidity providers.
The second largest cryptocurrency Ethereum (ETH) also made it to Arnold’s list as it is attracting more and more interest from investors.
“Big cash flows will continue to swallow Ethereum as the barrier of entry has become so much easier.”
According to Arnold, the fact that Cardano (ADA) plans to enter the African market through partnerships is good news for the platform’s native token price as it places the fifth-largest crypto asset in position. important in developing ecosystems.
The next cryptocurrency trader named TrustSwap (SWAP), a project calling itself a “complete DeFi (decentralized finance) ecosystem,” which will also be a potential cryptocurrency. Another is set to raise prices this April, according to Arnold. The trader believes that TrustSwap’s expansion to blockchains other than Ethereum and Binance Smart Chain (BSC) is the project’s biggest bright spot.
“It’s great to see the project in progress and it’s not just BSC. They will go to Avalanche (AVAX), Algorand (ALGO) and more. “
Decentralized exchange Polkastarter (POLS) and cross-chain protocol NFT SuperFarm (SUPER) are other altcoins that Arnold says could skyrocket in the bubble of the decentralized financial space.
Arnold also named the decentralized oracle network Chainlink (LINK) in this list of potentialities because they have so many advantages. For example, it recently attracted the decentralized P2P file storage network Filecoin (FIL) into its ecosystem.
“Chainlink has officially integrated with Filecoin to allow Filecoin to connect with blockchains that support smart contracts. So Filecoin, like any DeFi altcoin, needed to be interoperable, needed to be connected to the outside world, and they chose Chainlink to allow them to do this.
Polygon Interoperability and Extensibility Framework (MATIC) is also on the list of cryptocurrency traders due to efforts to reduce gas costs for users.
“They recently partnered with Ocean Protocol to reduce gas costs. So we are seeing the Polygon ecosystem continue to grow. “
Note: This article is for reference only, not investment advice.
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