Altcoin Daily Lists Three Altcoins With Huge Potential, Bullish On BTC & ETH
According to Aaron Arnold the host of Altcoin daily, several mid-cap altcoins have huge potential. He also sees bullish future for Bitcoin (BTC) and Ethereum (ETH).
Helium (HNT)
In a recent strategy session, Arnold shares with his 1.11 million YouTube subscribers that he expects the decentralized wireless platform Helium (HNT) to keep going up.
“This project is very heavily VC [venture capital] backed, but in my opinion they have a lot of quality VCs and they are doing real things.
Token scarcity is built into Helium token economics. As the number of Hotspots increases and as halvings occur every two years, the average HNT burned per day by Hotspots naturally decreases.”
Helium is a blockchain with operational nodes known as Hotspots, a combination wireless gateway and mining device.
At the time of writing, HNT is trading at $50.82.
Elrond (EGLD)
Aaron is very enthusiastic about Elrond Network (EGLD) due to the recent news.
“Elrond Network is bridging to this bluechip centralized stablecoin.
And this just speaks to what we see from Elrond on a weekly or monthly basis. Their amount of building, partnerships, bridging, updates, everything like that cannot be ignored.
10 million transactions, 888,000 accounts, 3,200 validators.”
The news the show host is referring to is US Dollar Coin (USDC) stablecoin going live on the Elrond platform.
At the time of writing EGLD is trading at $328.
Aave (AAVE)
Arnold also mentions decentralized finance (DeFi) lending platform Aave (AAVE), which he is very bullish on after a recent unanimous vote within the community to upgrade the platform to V3.
“[Aave] is a blue chip in the lending and borrowing decentralized finance space. They’re just about to go through a major upgrade.
If this goes off without a hitch, we’re going to see some major upgrades, and this is going to be good for Aave.
Version three is very sexy once you begin to understand it. Basically, you can borrow and lend on different chains.”
At the time of writing, AAVE is trading at $309.
Bitcoin (BTC)
Regarding the largest crypto asset, Arnold warns those who are about to miss on the opportunity.
“I’d be remiss if I didn’t point this out to you, because I’m very bullish on Bitcoin. Bitcoin supply is getting tighter with each passing day.
Supply shock is no joke. Do not sleep on Bitcoin, ladies and gentleman.”
At the time of writing BTC is trading at $63,942.
Ethereum (ETH)
Looking into the leading smart contract platform Ethereum (ETH), Arnold points out its outstanding performance against Bitcoin.
“Coinbase Q3 earnings are out. Ethereum volume surpasses Bitcoin volume for the second straight quarter.
We’re starting to see a shift.
Ethereum’s dominance, or growing dominance, cannot be denied.”
