Altcoin Daily Lists Six Crypto Assets Set To Make Big Moves This Year
According to Austin Arnold, Altcoin Daily co-host, there are six crypto assets he’s looking into that are ready to explode this year.
Solana (SOL)
In recent video session, Arnold shared with Altcoin Daily’s 1.18 million subscribers on YouTube that momentum built in 2021 will be very important for these altcoins this year. He kicks off with the smart contract platform Solana (SOL).
“Solana has seen so much success in the past 9 to 12 months.
I suspect in 2022, over the next 9-12 months, that momentum will continue.”
Arnold points to many fundamental factors as a reason why he believes Solana to continue to grow. On top is the success of the blockchain’s Phantom wallet, which now has over 10 million users.
Polkadot (DOT)
Arnold also lists interoperable blockchain Polkadot (DOT) on his list for top performers for 2022 – largely attributed to the project’s parachain auctions.
“Assuming companies try to get on Polkadot parachains, which I think they will, by the end of the first batch of auctions somewhere between $4 and $44.5 billion worth of DOT is likely to be locked up for nearly two years, reducing potential sell pressure and circulating supply on the market.”
Cardano (ADA)
Regarding the proof-of-stake blockchain Cardano (ADA), the analyst believes that the altcoin’s total development activity in 2021 could signal for huge uprise coming for ADA this year.
Next up is layer-2 scaling solution Polygon (MATIC), which had an explosive 2021. Arnold predicts that last year will translate to continued gains in 2022, referencing a tweet from Polygon co-founder Mihailo Bjelic.
“In 2022, I think this will be the beginning of the year of layer-2s.
I suspect MATIC will continue its momentum in 2022.”
Looking into layer 1 and layer 2 altcoins, the analyst predicts Chainlink (LINK) could finally be set to explode this year, despite not meeting the expectations for many investors in 2021.
Arnold notes that LINK’s price hasn’t recently achieved new all-time highs, but many of Chainlink’s other growth metrics are positive. The release of LINK’s cross-chain interoperability protocol, LINK staking, and an abstraction layer for enterprises could continue to feed into Chainlink’s growth into the future, the analyst predicts.
Aave (AAVE)
Last altcoin on the list is Aave, which recently announced plans to build a mobile wallet.
“All in all, with a set of targets for the first quarter of next year, Aave seems to be gaining momentum, especially as far as ecosystem-centric developments are concerned.
