Altcoin Daily Predicts Massive Uprise for Cardano and Six Other Cryptos in June
YouTube channel Altcoin Daily’s Aaron Arnold identifies six cryptocurrencies that he predicts are set to spike up next month.
The first in Aaron Arnold list is Cardano (ADA), which he says will have a massive benefit price wise from the upcoming Alonzo hardfork that will deliver long-awaited smart contract capabilities.
the host mentions a report from CoinShares highlighting that in the past week, Cardano has outperformed Bitcoin and Ethereum in institutional inflows.
“Institutional investment managers bought $10 million worth of ADA products for the week ending on Monday.
By comparison, Bitcoin funds saw an outflow of $110.9 million during the same week. Ether outflows totaled $12.6 million.”
Arnold continues his list with Ethereum whose rally, he says, will also be driven by protocol updates. Additionally, ETH’s dominance is growing as interest in the cryptocurrency spikes.
“Number one, Ethereum’s dominance continues to trend up. Number two, interest in Ethereum, verifiable interest, continues to trend up. People are seeking out information on Ethereum, trying to learn about it and basically awareness is increasing in a big way.”
Arnold has Bitcoin on third place on his list of crypto assets expected to rally in June.
“Bitcoin has been ranging for some time, and I suspect that at some point it is going to rally to its next leg up especially as big money, and notable people like [hedge fund billionaire] Ray Dalio, come out in showing support.”
The 4th cryptocyrrency on Arnold’s list is the Ethereum scaling and infrastructure development platform Polygon (MATIC). He cites Polygon’s build quality and user-friendliness as key reasons for his bullishness.
“Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development.”
5th on Arnold’s list is decentralized exchange Uniswap (UNI). As Per the analyst, key features of the leading decentralized exchange are increased volumes and lower transaction costs.
The final and number six coin Arnold mentions is ThorChain (RUNE) which he says is ‘disrupting crypto centralization’ while oracle service Chainlink (LINK) comes in last. Arnold compares LINK to online search engine Google when it initially launched and predicts that it is likely to have an explosive June.
