YouTuber Altcoin Daily Lists 7 Altcoins Are “About To Pop”
Last Updated on 27 August 2021 by CryptoTips.eu
Aaron Arnold, a cryptocurrency influencer, says there are 7 altcoins that will soon explode. In a video released on his YouTube channel, Arnold told his over 900,000 followers that one of such altcoins is Ethereum.
The Altcoin Daily host stated that the Ethereum ecosystem is experiencing tremendous growth now. With the increasing use of smart contracts, dApps and the ever expanding DeFi ecosystem, Arnold is convinced that the cryptocurrency will soon experience a major breakout.
He also said that Ethereum is going through a supply shock because of the new fee burning mechanism which reduces the supply of the coins. At the same time, the selling pressure on Ethereum has reduced drastically and it is trading on stable support, he said.
Interoperability driving altcoins
Cardano is one cryptocurrency that has broken new grounds lately. First, it reached a brand new all-time high of nearly $3 for the first time ever and ADA is still showing strength. Some analysts say the price could reach $28 within the decade because of the new developments surrounding it.
Arnold says this is another altcoin that is about to pop due to its interoperability. The network is expected to undergo a smart contract upgrade in September this year. This he said is bullish for both Ethereum (since Cardano will have an Ethereum sidechain) and for Cardano itself that is expanding its network and use cases for ADA. ADA has already displaced Binance Coin (BNB) as the third largest cryptocurrency and analysts say it could be coming for Ethereum next.
Other altcoins he mentioned that are growing fast because of interoperability are Solana (SOL) and Chainlink (LINK). These two have experienced significant growths in price as well recently. They are both interoperable now and Solana developers are able to use Chainlink’s DeFi price feed because of Chainlink Oracle going live on Solana.
Other altcoins about to pop
Also on Arnold’s list of altcoins about to breakout is the embattled XRP. he says the price is about to rally at least 30% as the parabolic points have broken, suggesting that a breakout is underway. Smart contract platform Avalanche is also warming up. Arnold attributes this to the expansion of its ecosystem with the onboarding of Blue Chip DeFi projects like Aave (AAVE), Curve (CRV) and Sushiswap (SUSHI) which could push the price up.
Enjin, the foremost gaming and Non-Fungible Token (NFT) blockchain platform Enjin (ENJ) is another altcoin to explode according to Arnold. Among the reasons for his bullishness are the recent partnership with a social network Blockster. The partnership will see Enjin reward 400,000 early users with NFTs. Arnold also considers it to be a Blue Chip gaming crypto project which leads him to think that the value is about to skyrocket as well.
