Trader and YouTube KOL Aaron Arnold highlights the top 5 altcoins as he predicts these crypto markets will go insane.

In one Video Arnold newly told his 998,000 subscribers on his YouTube channel that he was optimistic about Chainlink’s decentralized Oracle network.

“Chainlink is a blue chip project of what they do. No other crypto oracle can do as big a thing as Chainlink … LINK looks like it’s about to break out. So I’ll be optimistic as long as the market is in a bull cycle. “

Price table LINK | Source: TradingView

With regard to Polkadot (DOT), Arnold quotes a strategist’s comment. This person believes the interoperable blockchain token will follow in SOL’s explosive footsteps.

“An analyst comparing DOT could take the same step as SOL. It receives some of the life energies from SOL. The DOT has been rejected a couple of times, but I think the course (weekly closing price) is related to the previous all-time high and the fact that the price has not quite risen yet. I hope DOT can shine like SOL in the next few weeks. “

DOT price table | Source: TradingView

With regards to Elrond (EGLD), the trader emphasized that on the internet scale, blockchain recently formed a golden cross, a bullish signal with the 50-day moving average (MA) crossing the 200-day MA. Arnold quotes another analyst who said that EGLD hit a new 62-day all-time high during the last two gold crosses in June 2020 and December 2020. Arnold said the analyst expects EGLD to peak at $ 2,500 on October 18.

EGLD price table | Source: TradingView

Next up is Ethereum competitor Avalanche (AVAX), which the trader says is gaining traction as more users flock to the smart contract platform.

“We saw what happened to SOL and AVAX. Very similar to SOL in my opinion. AVAX is generally growing in terms of network, popularity, and price action. What they do seems to attract a lot of users. “

AVAX Price Chart | Source: TradingView

The last coin on the list of traders is the privacy-focused Mina Protocol (MINA), which Arnold says is supported by some of the most well-known venture capital firms in the crypto industry. He added that long-term MINA owners have little reason to sell because of the coin’s staking mechanism.

“I don’t think traders will be selling anytime soon because staking works. Stakers receive the highest reward in the first 8 months or 1 year. So there really is no need to sell unless you always want to take profits, but I think a lot of people like these rewards. “

MINA price chart | Source: TradingView

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