Altcoin Daily’s Austin Arnold Lists His Top Crypto Assets For 2022
Altcoin Daily’s show host and crypto analyst, Austin Arnold, unveils his top digital assets for 2022, as the crypto market is attempting break out of a slow start for the year.
Bitcoin (BTC)
In a recent video, the crypto analyst shared with Altcoin Daily’s 1.19 million subscribers that Bitcoin (BTC) is still interesting as an asset regardless of the large scale selloff, which has been on-going since the leading digital asset hit an all-time high above $69,000 in November.
“People are buying the dip from every exchange. Bitcoin is leaving exchanges.
Miners are not selling their Bitcoin, they’re holding onto it.”
At time of writing, Bitcoin is is trading at $43,027, with 0.8% profits on the daily chart.
Ethereum (ETH)
Arnold moves on to the next asset on the list: the leading smart contract platform Ethereum (ETH). He said:
“Ethereum has its own supply shock going on.
Ethereum 2.0 deposit contract has surpassed $30 billion in value. Once holders put their ETH in the deposit contract, they can’t take it out again until it is fully transitioned.”
At the time of writing, Ethereum is trading at $3,316, up 1.5% on the 24-hour chart.
Uniswap (UNI)
Next crypto asset on the trader’s list is the governance token of the decentralized finance protocol Uniswap (UNI). Uniswap recently deployed on Ethereum layer-2 protocol Polygon (MATIC).
“2022 might be the year of layer-2s.”
Uniswap is trades at $15.8, up 1.5% on the daily window, at the time of writing.
Immutable X (IMX)
Arnold also has his eyes on Immutable X (IMX), an NFT scaling solution that wants to provide near-instant, zero gas fee transactions.
At the time of writing, IMX is trading at $3.58 with 1.8% upside on the 24-hour chart.
Tezos (XTZ)
Open-source platform Tezos (XTZ), also made it to Arnold’s best performing list. Tezos has recently been signing corporate partnerships. Clothing retail giant The Gap will be releasing NFT collectibles based on the Tezos platform.
“Tezos is certainly an altcoin to watch doing big things.”
Currently, Tezos is trading at $4.33 up 3.7% on the daily window.
Helium network (HNT)
The analyst is also bullish on open-source public blockchain for Internet of Things (IoT), Helium Network (HNT), which recently reached 450,000 hotspot milestone.
According to Arnold:
“It is a quality VC-backed project.”
HNT is trading at $33.35 with 2.8% profits on the 24-hour chart.
Elrond (EGLD)
Enterprise-grade scalable blockchain platform Elrond (EGLD) is also on the analyst’s list, especially after acquiring Web3 payments provider UTRUST (UTK), which in turn integrated EGLD as a form of payment.
“Big win for EGLD.”
EGLD is trading at $200, up 1.7% on the daily window, at the time of writing.
dYdX (DYDX)
Last digital asset on the list is is decentralized exchange platform dYdX (DYDX), which Arnold notes is aiming to achieve full decentralization by the end of 2022.
At the time of writing, dYdX is trading at $7.74, up 0.5% on the daily chart.
