In a recent video, crypto KOL Austin Arnold reveals 12 altcoins that he believes are set to explode next month.
Arnold starts off the video about U.S. Bitcoin ETF announcements:
“The SEC has 38 days remaining to approve deny or to extend the review period for the VanEck’s 19b-4 Form for the first U.S Bitcoin ETF. On top of that, Fidelity has officially filed with the SEC for their own Bitcoin ETF and even Goldman Sachs, who at one point last year denied Bitcoin was even an asset class, has also filed with the SEC for a bitcoin-related investment product”.
Arnold comments that institutions are hungry for Bitcoin!
Next on the list is VR real estate cryptocurrency Decentraland (MANA) and Sandbox (SAND). Arnold believes that the platforms will grow massively as the virtual real estate space starts to see mainstream adoption.
The Graph (GRT) is the next altcoin with huge potential in 2021.
“If Ethereum or Cardano or Polkadot or any of these smart contracts DApp platforms are to be the decentralized supercomputer of the world, we’re going to need a way to query all that information. And that is exactly what The Graph is aiming to do.”
The trader says that The Graph Network has been live for three months and now the network supply is bootstrapped, the governance process has been proven and the community is ready for the next phase.
“Subgraph will begin migration to mainnet next month!”.
Next on the list is a crypto streaming protocol naming Theta (THETA), which recently postponed its mainnet 3.0 launch to June to add more features.
“The team is still working to incorporate some building blocks for a non-fungible token or NFT marketplace for the Theta mainnet 3.0, so they’re making sure their platform is NFT accessible and they’re also working to ensure that the network functions when scaled to more than 100,000 Elite Edge Nodes”.
UniSwap (UNI) is the next coin on Arnold’s radar. The trader cites a tweet about Uniswap v3, saying that it is the most flexible and capital-efficient automated market maker (AMM) ever designed.
Ethereum (ETH), the second-largest cryptocurrency is unsurprisingly also on the list as “big money is going to continue to gobble up Ethereum because the barrier to entry just became so much easier”.
The 7th coin on the list is Cardano (ADA) with the planning expansion to Africa.
The next stop is TrustSwap (SWAP), a distributed platform, cryptocurrency and protocol that promises a new evolution to decentralized finance (DeFi). It aims to achieve this through next-generation multi-chain token swaps and other functionalities that aim to solve existing problems with split payments, subscriptions, and cross-chain token swaps.
“Over 700 million dollars has already been secured through TrustSwap’s Team token locks and liquidity locks, which is a big green flag if you’re a swap holder. And while they started in the Ethereum ecosystem, they’ve expanded to Binance Smart Chain”.
“Very cool to see projects making progress and it’s not just BSC. They’re going to Avalanche (AVAX), Algorand (ALGO) and more to be determined.”
Decentralized exchange Polkastarter (POLS) and cross-chain NFT protocol SuperFarm (SUPER) are the other altcoins in Arnold’s list of the month.
One of the last coins on the list with massive potential is Chainlink (LINK).
“It still has a lot upside…Chainlink has officially integrated with Filecoin to now allow Filecoin to connect to smart contract-enabled blockchains. So Filecoin, like any DeFi altcoin, needs to be able to interoperate, needs to connect to the outside world and they chose Chainlink to allow them to make this happen”.
Finally, the 12th coin is interoperability and scaling framework Polygon (MATIC).
“They have recently partnered with Ocean Protocol for lower gas fees. So we are seeing the ecosystem that is Polygon continues to grow.”