These four coins are expected to explode in July, according to KOL Aaron Arnold

Renowned analyst Aaron Arnold names four digital assets that he believes will explode this month.

In one Video Recently, the Altcoin Daily host started its list with Cardano (ADA) and believes the altcoin has tremendous growth potential.

Arnold found that Cardano leads the crypto space in terms of total value locked by staking. With an ADA value of over $ 32 billion currently involved in the protocol despite the recent major market correction, the analyst says the altcoin is about to explode.

He also mentioned that Grayscale, the world’s largest crypto-focused asset manager, made Cardano the third largest allocation in its Large Cap Crypto Asset Fund.

The second coin on Arnold’s list for this month is Ethereum (ETH). The analyst reminded his 869,000 subscribers that the supply of ETH on the stock exchanges is currently at its lowest level since November 2018.

He also cited JP Morgan’s statement that Ethereum’s upcoming upgrades could spark a new $ 40 trillion industry to confirm that the leading smart contract platform may explode.

“To be honest, this is the Etheruem cycle. I’ve been saying that for a while. I mean the infrastructure, the excitement of the Ethereum supporters, it’s huge. “

Arnold’s third choice for July is the decentralized Oracle network Chainlink (LINK). He cites a long list of Chainlink integrations as a catalyst to help the altcoin soar higher.

As long as the crypto space is in an uptrend, LINK will be one of the hottest projects out there, according to Arnold.

“Chainlink is constantly integrating itself into important ecosystems. As long as Bitcoin, as long as the cryptocurrency stays in a bull market, Chainlink will do very well because what the project has achieved is huge and undeniable. “

The last crypto asset on its list is the world’s leading digital asset, Bitcoin. Arnold references a tweet by on-chain analyst Willy Woo about how the US Federal Reserve can rely on Bitcoin’s branding to fuel its own ideas for the new digital economy.

It’s 2021 and the United States Federal Reserve is relying on the strength of #Bitcoin‘s branding to get your own message across. Real life is stranger than fiction. https://t.co/TVAAh6d94x

– Willy Woo (@woonomic) July 2, 2021

He noted that long-term Bitcoin holders willing to weather short-term uncertainty will win. According to him, Bitcoin is the backbone of the cryptocurrency market.

SN_Nour

According to Dailyhodl

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