According to Altcoin Daily, these ETH, ADA and 7 Altcoins are the sleeping horses when Bitcoin is sideways
Prominent analyst Aaron Arnold names 9 crypto assets he believes are powerful assets that have the potential to take off when the upward momentum returns to the market.
In one Video New highlights the host of the Altcoin Daily Theta (THETA), a project that recently launched its Mainnet 3.0. Theta is a content delivery network that uses process hierarchies to stream higher quality videos.
Arnold noted that large players are already involved in the execution of theta nodes, which should help improve streaming quality.
Next up is one of the blue chips for decentralized finance (DeFi), Uniswap (UNI). According to Arnold, Uniswap V3 has captured 41% of the decentralized stock exchange market (DEX).
The analyst is just as optimistic about the Uniswap competitor SushiSwap (SUSHI), which will shortly launch a non-fungible token (NFT) platform.
“I think that SUSHI will achieve great things by the end of the year.”
The fourth coin on Arnold’s list is Ethereum’s competitor, Cardano (ADA). Cardano has been a leader in average daily development on GitHub for the past 30 days, which shows that the development team is working hard to improve their network, noted Arnold.
Sandbox (SAND) is the fifth asset Arnold mentions, noting that it could be a worthy competitor to the decentralized virtual reality platform Decentraland (MANA).
The project recently collaborated with the Walking Dead as well as other well-known brands. after Arnold.
Next up are two leading crypto assets, Bitcoin and Ethereum, which Arnold said were both invested by Senator Pat Toomey (R-PA). He was the first senator to buy cryptocurrencies.
Arnold added that Ethereum has added five million new addresses to its network in the past 30 days.
“With numbers like these, charts like these, it’s impossible to ignore them. Ethereum gas prices have also fallen to their lowest level since March 2020. This is due to the drop in prices. However, Coinmetrics says Ethereum gas prices actually started to fall before ETH prices fell as more Ethereum-based Layer 2 platforms hit the market this year. “
Number eight is the Avalanche (AVAX) smart contract platform, which has added a new yield farming platform to its blockchain, Arnold noted.
“They say they have compelling reasons to start on Avalanche. It’s basically low speed and tariffs and high traffic – that’s why they chose it. “
Arnold said that as the demand for Ethereum increases, projects will spill over to smaller blockchains and start building there.
Finally, Arnold emphasized that NFT is the way forward and that NBA legend Allen Iverson is partnering with Binance to produce his NFT this summer. As a result, Binance Coin (BNB) was shortlisted by analysts.
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.
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According to Dailyhodl