Altcoin Daily Explains Why BTC, ETH & ADA Are Top 3 Cryptos for 2021
Widely-followed YouTube crypto channel called Altcoin Daily is selecting Bitcoin, Ethereum (ETH) and Cardano (ADA) as their top three crypto assets for 2021.
In a recent video, Altcoin Daily host Aaron Arnold tells the channel’s 841K subscribers why he’s bullish on top cryptocurrency Bitcoin, top smart contract platform Ethereum and Ethereum’s close competitor Cardano as the crypto market is slowly recovering from last month’s correction.
Arnold points out that although many projects, including his favorite three mentioned in the video, have significantly increased in value over the past year, there are many opportunities for investors to increase their wealth with the correct crypto selection.
“There is so much opportunity in cryptocurrency right now. If you missed out on the early years of the internet, you better cherish the early years of Bitcoin, decentralized finance (DeFi) and crypto right now. And just like the early years of the internet, this opportunity will not last forever.”
Bitcoin
On Bitcoin, Arnold is bullish on the flagship cryptocurrency despite BTC struggling to recover the $40,000 price level and the Bitcoin fear and greed index remains in the “fear” zone.
“When there is fear in the market, this is an opportunity for greater opportunity and there is fear in the air.”
According to Arnold the existing sentiment in the crypto markets is nothing like it was during the crash of 2017, at which point everyone was expecting a short cool-down period before another lift up that never came.
Ethereum
The trader points out that Ethereum has an upgrade coming up in 2022, which will surely keep the asset in the news. ETH’s new version will not just capture a lot of the ETH supply, as people stake their Ethereum on ETH 2.0, but will also improve the efficiency of the blockchain network as the platform changes from a proof-of-work (PoW) to proof-of-stake (PoS) consensus method.
In addition, much of Ethereum’s supply is locked up in popular DeFi platforms, which will cause a further supply crunch for the asset, adds Arnold.
Cardano ADA
Altcoin Daily’s host is also colsely following Cardano heading into the second part of 2021, as the platform gears up to introduce fully functional smart contracts in the coming months. The team successfully launched the Alonzo testnet earlier, and even tested simple smart contract deployment on it, laying out a bullish case for the Charles Hoskinson-led Ethereum competitor.
