5 altcoins that could explode in November, according to KOL Aaron Arnold

Popular analyst Aaron Arnold reveals his top altcoin picks for November.

In one Video Recently, the Altcoin Daily moderator said he expected Polygon (MATIC) to continue growing as companies like Twitter work on projects that require Ethereum’s Layer 2 scaling solution. MATIC seems poised to hit a new all-time high and this is in line with what we’re seeing on the chain.

“Polygon has just passed a billion transactions on Polygon’s proof-of-stake chain, an amazing feat.

Ethereum’s Layer 2 scaling solutions are at a very good time to explode. The demand for it is huge, especially with all the acceptance that we see. “

The analyst is also optimistic about the Avalanche (AVAX) smart contract platform with interesting developments.

“Avalanche offers many incentives for active DeFi protocols in the network.”

He pointed out that Avalanche’s number of addresses and transactions is growing while the daily active addresses on the network have just hit a new high of nearly 70,000, a weekly increase of more than 100%.

Arnold said he is also optimistic about the Chainlink (LINK) Oracle Decentralized Network and Filecoin Decentralized Peer-to-Peer File Storage Protocol (FIL).

I am optimistic because they interact with many of the leading platforms in the field. I think multi-chain is the future. “

Arnold says the THORchain (RUNE) decentralized cross-chain liquidity protocol has also made amazing developments lately, with volumes skyrocketing and liquidity reaching an all-time high.

According to him, the platform is currently seen as the preferred trading venue for KYC-less (know your customer) and limitless trading for Bitcoin (BTC), Ethereum (ETH) and ERC-20 tokens. Arnold cited a forecast that the network will have more real bitcoins than Wrapped Bitcoin (WBTC) on the Uniswap exchange by the end of January.

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