These four altcoins have enormous long-term potential, according to KOL Austin Arnold

Austin Arnold, a noted analyst and owner of the Altcoin Daily channel suppose i think These four mid-cap altcoins have “strong growth potential” in the long term.

First on Arnold’s list is the Compound (COMP) lending protocol for decentralized finance (DeFi). The analyst cites information that Compound Labs, which created Compound, has started a new project called Compound Treasury.

The project aims to give companies and financial institutions without cryptocurrency access to the compound protocol.

Next on Arnold’s list is the Ethereum scaling solution Polygon (MATIC). Polygon recently announced the launch of a new blockchain called Avail.

The analyst explains

“In my opinion, Polygon is simply helping Ethereum remove the burden of Layer 2 scalability with Avail. Regardless of whether you are a sidechain in any main chain or just a separate chain, it helps to maintain scalability and at the same time to maintain the security of the blockchain / sidechain. “

The protocol that enables indexing and querying of data from the blockchain, The Graph (GRT) is the next coin on Arnold’s list. He pointed out that The Graph has partnered with Optimism, an Ethereum scaling solution.

The graph explained in one notification recently:

“The Graph will provide indexing and query services to developers building on Optimistic Ethereum L2 to help Ethereum scale. The graph will be live on the hosted service as soon as Optimism goes public, and we look forward to supporting developers in the Optimism community. “

Last on the list of analysts is the decentralized virtual reality project Decentraland (MANA).

Arnold quote news that a digital lot in Decentraland was recently sold for nearly $ 1 million (MANA Convention).

He said this is a sign that the big players are entering the virtual ecosystem.

“Even if the price falls, the whales hold their positions and plan for the long term.”

SN_Nour

According to Dailyhodl

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