Altcoin Daily: Four ETH Competitors Are Ready To Explode This Year
Aaron Arnold, the host of Altcoin Daily list his top 4 competitors for Ethereum, which he predicts to soar this year.
The cryptocurrency analyst and trader shares with his 900,000 YouTube subscribers that as Ethereum (ETH) is performing, and speculators will bring attraction to its competitors and interoperators.
“I believe in a world where Ethereum is so valued and my investor’s thesis for Ethereum is playing out. I believe that people are going to speculate and look to these Ethereum interoperators and competitors. Not all them, but the “blue chips,” the ones that have good metrics or good things going for them.”
Arnold starts his list with the smart contract platform Solana (SOL). He sees the Solana-powered version of the dollar-pegged stablecoin USDC, which just reached a $1 billion in circulation, as a sign of the platform’s early adoption.
“Solana continues to conquer the market. They are building like no other and that’s why they make the list today.”
The second coin on the list is Polkadot (DOT), which the analyst thinks is ready to make waves up.
“So all eyes are on Ethereum right now. All eyes are even on Cardano right now. Hardly any eyes on Polkadot. And to me that screams opportunity.”
The third coin on the list is Cardano (ADA). According to the crypto analyst, the currently fourth-largest cryptocurrency by market cap could move higher as the platform’s smart contract launch approaches.
“Cardano is looking great, especially going into this next month, especially going into smart contracts. Cardano’s testnet is finally becoming smart-contract compatible and in about a month or two, definitely before the end of the year, they are going to go full smart-contract compatible. So I’m bullish on Cardano.”
High throughput blockchain Elrond (EGLD) is the fourth and last coin on Arnold’s ETH competitor list.
“Elrond, actually kind of similar to Chainlink (LINK), continues to integrate, continues to make partnerships. Elrond is building just as fast – and they’re ecosystem is expanding just as fast – as a [sic] Solana, as an [sic] Ethereum.”
