ADA, DOT and 4 other altcoins will explode in 2022, according to KOL Austin Arnold

Altcoin Daily moderator Aaron Arnold highlights 6 major altcoins gearing up for major rallies next year.

In one Video Newly, he told his 1 million subscribers that the Layer 2 scaling solution Polygon (MATIC) is gaining momentum after partnering with DraftKings, a $ 20 billion betting company.

Arnold shared a statement from DraftKings President Paul Liberman explaining how the company is positioning itself to grow with Polygon.

“While the DraftKings marketplace is still in its infancy, we are optimistic about the possibilities of blockchain, NFTs, cryptocurrency and more as we partner with Polygon to prepare for Web 3.0 and new additions to digital collection.”

Next, Arnold looks at the Polkadot (DOT) decentralized platform. He cited a recent tweet from Polkadot founder Gavin Wood, who stated that nearly 19 million DOT tokens are currently stored in the DOT treasury to fund community projects.

If this amount is not used, it is gradually burned. The Polkadot Treasury is currently burning 239,988 tokens per month, according to Gavin Wood.

“Whether burned or used, DOT tokens are becoming increasingly scarce. We recently saw a rally of the DOT price. This can be related to some exciting developments coming up like the introduction of parachains and site auctions – these parachain auctions will also pull DOT off the market.

With the first 11 Parachain auctions next month and over 100 vacancies, Polkadot could explode even further in the future. “

The third coin that Arnold is looking at is the Supply Chain Management Protocol VeChain (VET). He emphasized that VeChain recently entered into a partnership with the shipping company DHL to issue NFTs for companies.

“This partnership will allow customers to customize the company’s mascot (advertising mascot) and then mint it in NFT on the VeChainThor blockchain solution.”

Next up is Cardano’s smart contract platform (ADA). Arnold noted that Cardano appears to be gaining traction after partnering with TV provider DISH, announcing that the network has received $ 100 million to invest in Cardano-focused projects in Africa.

“Put simply, there are many people in developing countries around the world who have no financial stability, and that can be changed with Blockchain thanks to Cardano.”

Another coin on Arnold’s list is the decentralized Oracle network Chainlink (LINK). He noted that despite its lackluster performance, LINK has developed very positively over the past few months. The partnership continues to grow, with 84 integrations carried out in September alone.

“I understand, but in my opinion Chainlink still has a lot of room to grow. Think about it: Chainlink has worked with many large companies and over 75 different blockchains are already using Chainlink technology and used by a wide variety of data sources including the USD currency pair. It’s a solid setup.

Over the next few years as big platforms like Ethereum, Cardano, Solana, Polkadot, Elrond etc continue to battle for market share … Chainlink integrates with all of them … something worth thinking about. “

Finally, the analyst believes that the leading smart contract platform, Ethereum, will see a sharp surge in 2022. of the operational protocol.

“The code will be ready around February 2022. The migration to ETH 2.0 will take place in June 2022. The next year will be called the year of ETH.”

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According to Dailyhodl

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