Cryptocurrency analyst Aaron Arnold is naming two altcoins that he says possess massive potential.
The crypto analyst tells his 1,160,000 YouTube subscribers that the first altcoin with massive potential is Chainlink (LINK), an Ethereum-based crypto project that facilitates the transfer of data to smart contracts from off-chain sources.
Arnold says that Chainlink Labs has bagged a “huge get” after ex-Google CEO Eric Schmidt joined the Chainlink developer as a strategic advisor.
“[Eric Schmidt] will join oracle solutions provider Chainlink labs as a strategic advisor.
According to a Tuesday announcement, Chainlink said that Schmidt would guide the firm’s scaling strategy in its use of oracle networks to trigger smart contracts…
This is a huge get, a highly connected guy, a huge get for Chainlink Labs.”
Chainlink is trading at $22.26 at time of writing.
The crypto analyst believes the second altcoin with massive potential is Tezos (XTZ), a layer-one smart contract blockchain.
Tezos was just selected by video game giant Ubisoft as the blockchain platform to launch its new in-game non-fungible tokens (NFTs).
Ubisoft is the publisher of games such as Assassin’s Creed, Tom Clancy’s Rainbow Six Siege, Far Cry, Just Dance and Prince of Persia. The company says it’s planning to build a “true metaverse” and chose Tezos to help overcome “blockchain’s early-form limitations for gaming, including scalability and energy consumption.”
According to Arnold,
“Mainstream gaming giant Ubisoft becomes the first major gaming company to launch in-game NFTs. This is a huge milestone for crypto, for NFTs and gaming in general…
Now the gaming giant will actually implement NFTs within one of its major franchises in a new initiative that runs on Tezos. This is huge for adoption and a big win for Tezos.”
Tezos is trading at $5.26 at time of writing.