Austin Arnold is Altcoin Daily presenter listed 3 altcoins he thinks will go insane in the near future including Internet Computer (ICP), XRP, and Oracle’s Chainlink (LINK) platform.

First, he said that Internet Computer plans to introduce smart contract functionality into Bitcoin.

“The smart internet computer contract will help it take advantage of bitcoin liquidity, and the crypto king will get new smart contract functions without cumbersome and insecure bridging services.

This makes a lot of sense as the DeFi ecosystem for Bitcoin is a major turning point in the industry. That means the world’s most popular cryptocurrency can be used for lending, profit farming, derivatives, liquidity pools and more. “

ICP is currently trading at $ 45.5 and is down more than 6% in the past 24 hours.

Source: TradingView

Regarding XRP, Austin says developer Ripple Labs was hit hard in a lawsuit initiated by the US Securities and Exchange Commission.

“… On August 27, Ripple filed a request for information about whether SEC employees bought and traded Bitcoin, Ethereum and XRP. The judge of the US District Court Sarah Netburn rejected the petition on Tuesday …

… So Ripple has to find another way to prove to the SEC that XRP is not a security. That, of course, is just the opinion of the SEC. It’s you who are suing Ripple and the case is heating up. “

If Ripple can turn the tide on this lawsuit, it will be a huge boost for XRP.

The token is up slightly by 0.2% and is trading just below the $ 1 mark.

Source: TradingView

As for Chainlink, Austin says the recent integration of the Oracle blockchain network with Coldstack was a major upside.

“… Good news for LINK owners. Coldstack, a decentralized file storage aggregator that recently became part of Chainlink as it claims to be the standard for Oracle blockchains.

Austin also cites Coldstack CEO Alexander Shishow’s praise for Chainlink:

“There really is no other choice than Chainlink – if we want to offer our users the best data storage solutions, it makes very good sense to use the best Oracle service provider in the industry.”

LINK is currently changing hands at $ 22.8 and is down more than 4% over the day.

Source: TradingView

Here you can see the altcoin prices.

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Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.

SN-Nour

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