Altcoin Daily’s Aaron Arnold Lists Top 5 Cryptos That He Expects To Skyrocket
Aaron Arnold, a crypto analyst and host of the YouTube channel Altcoin Daily, list his current top five altcoins as he predicts the crypto markets are about to “go insane”.
Chainlink (LINK)
In a recent video session, the analyst shares with the channel’s nearly a million subscribers that he’s bullish on Chainlink, the decentralized oracle network built on Ethereum.
“Chainlink is kind of a blue-chip in what it does. No other oracle crypto like Chainlink is doing it as big as Chainlink… LINK looks like it’s gearing up for a breakout. So Chainlink, yeah, I happen to be bullish as long as we’re in a bull cycle.”
Polkadot (DOT)
Next up is Polkadot (DOT). Arnold cites a fellow analyst, according to whom the ‘internet of blockchains’ will follow the footsteps of Solana (SOL) that went on a massive rally in August.
“This particular analyst is comparing it, saying that DOT could pull a move like Solana. ‘Getting some major Solana vibes from DOT. It’s been rejected a few more times, but I think the trajectory (weekly candle close), relation to the previous all-time high and the fact that it hasn’t really pumped this entire run. I’m hoping it can shine like SOL in the next couple weeks.’”
Elrond (EGLD)
The third coin on the analyst’s list is Elrond (EGLD). Arnold notes that the internet-scale blockchain recently formed a golden cross, a bullish signal where the 50-day moving average (MA) crossed above the 200-day MA.
During the two previous golden crosses, EGLD reached a new all-time high in 62 days, says Arnold citing another analyst, who also predicts that EGLD could as high as $2,500 on October 18th.
Avalanche (AVAX)
Ethereum competitor Avalanche (AVAX) is the fourth on the trader’s list. AVAX is gaining momentum as more users flock into the smart contract platform, he argues, comparing it to Solana.
“We saw what happened with Solana and AVAX, in my opinion, is very similar to a Solana. AVAX is generally gaining in network, popularity, and price action. What they’re doing seems to be attracting a lot of [users].”
Mina (MINA)
The fifth and last crypto asset on Arnold’s list is privacy-focused Mina Protocol (MINA), which is backed by some of the best venture capital firms in the crypto industry. He also points out that long-term holders of MINA have little reason to sell as the way the staking works for the coin.
“I don’t think there’s going to be a lot of selling going on anytime soon because the way that the staking works, the highest rewards for the stakers happened in the first eight months or [one] year. So there’s really no reason to sell, unless, you can always take profits but I think a lot of people want those staking rewards.”
