The co-host of a popular YouTube crypto channel names six altcoin projects he thinks will be huge in the future.
In a new update, Altcoin Daily co-host Aaron Arnold tells his 1.23 million YouTube subscribers that Ethereum (ETH) is the clear leader in mass crypto adoption.
Arnold points to a tweet by Bloomberg strategist Mike McGlone, in which the respected analyst calls ETH the “security of the internet.”
“Demand is increasing, supply is decreasing and Ethereum’s position at the epicenter of the digitization of finance and money points to further price increases.
Ethereum – the denominator for [non-fungible tokens] and top platform for tokenization – becoming the security of the internet.”
Source: Mikemcglone11/Twitter
Staying with NFTs, Arnold foresees massive adoption of the Cardano (ADA) blockchain, a competitor to Ethereum. Arnold says that ADA will be pushed even further into the crypto spotlight due to a recent announcement that world-famous rapper Snoop Dogg is releasing an NFT collection on Cardano.
This will be funny 🎥 #Cardano https://t.co/rxgYimMQW7
— Snoop Dogg (@SnoopDogg) March 31, 2022
The ADA project is a far cry from Snoop’s first foray into blockchain — the Southern California rapper released NFTs on the Gala (GALA) platform earlier this year.
On the topic of Ethereum non-fungible tokens (NFTs), the Altcoin Daily co-host also draws attention to Azuki (AZUKI), a new Ethereum-based NFT project with an upcoming airdrop.
something is coming
Official Collection: https://t.co/GAIxuAduYC pic.twitter.com/j7QhTqhhPt
— Azuki (@AzukiOfficial) March 31, 2022
Azuki is up 54% in the last 24 hours and is trading at $0.05 at the time of writing.
Also on the subject of NFTs, Altcoin Daily’s co-moderator says that Solana (SOL) will see a surge in adoption thanks to leading NFT marketplace OpenSea’s announcement that it will support support for SOL-based NFTs later this month.
#SolanaNFTs get to @open sea in April 🎨 https://t.co/RHdH8HuWUl
— Solana (@solana) March 29, 2022
Arnold is also bullish on the future of Solana-based altcoin STEPN (GMT), a lifestyle app, with a recent hint of a major upcoming industry announcement.
A beginning of many possibilities! pic.twitter.com/jfYPB7Pwe0
— STEP | Public Beta Phase III (@Stepnofficial) March 28, 2022
Finally, the Altcoin Daily co-host says that Polkadot (DOT) is one step closer to widespread mainstream adoption. Arnold’s prediction is based on news that DOT parachains Acala and Karura will connect Polkadot and Kusama (KSM) with the wormhole multichain bridge – an upgrade will make DOT interoperable with most Layer 1 blockchains like Ethereum and Solana.
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Featured Image: Shutterstock/Undersacred Studio/Natalia Siiatovskaia