7 Cryptocurrencies That Will Explode According To The Famous Trader
The host of the popular YouTube channel Altcoin Daily is naming seven cryptocurrencies that he believes will rise next month.
Aaron Arnold starts the list with Cardano (ADA), which will provide the long-awaited smart contract capabilities and claims to be priced higher by the upcoming Alonzo hardfork.
Arnold draws attention to the CoinShares report last week showing that the cryptocurrency Cardano outperformed Bitcoin and Ethereum in corporate logins.
“Corporate investment managers purchased $10 million in ADA coins for the week ending Monday. By comparison, Bitcoin funds saw an outflow of $110.9 million in the same week. Ether outflows totaled $12.6 million.”
The second digital asset on Arnold’s list is Ethereum, which he argues his rally will also be driven by protocol updates. Additionally, Ether’s dominance is growing as interest in the cryptocurrency rises.
The cryptocurrency influencer places Bitcoin in third place on the list of digital assets expected to recover in June.
The fourth crypto asset on Arnold’s list is Ethereum scaling and infrastructure development platform Polygon (MATIC). He cites Polygon’s build quality and user-friendliness as the main reasons for its rise.
Decentralized exchange Uniswap (UNI) ranks fifth on Arnold’s list. According to the cryptocurrency analyst, he cites the key features of the leading decentralized exchange as increased volumes and lower transaction costs.
In sixth place is ThorChain (RUNE), which Arnold says is “disrupting crypto centralization,” and seventh is oracle service Chainlink (LINK). Arnold likens Chainlink to the online search engine Google when it first launched, and predicts an explosive June is likely.
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