Crypto Influencer Aaron Arnold Believes These 5 Altcoins Could Explode Soon

Aaron Arnold, a well-known Cryptocurrency trader and YouTube influencer, has listed the top 5 Altcoins that he believes would surge tremendously.

In a new video, Arnold started the list with decentralized oracle Chainlink. “Chainlink is kind of a blue-chip in what it does. No other oracle crypto like Chainlink is doing it as big as Chainlink… LINK looks like it’s gearing up for a breakout. So Chainlink, yeah, I happen to be bullish as long as we’re in a bull cycle.”

Arnold listed Polkadot (DOT) as another Altcoin that has the potential to erupt in 2021. He referred to a Crypto strategist who believes that the interoperable blockchain will be following the footsteps of explosive Altcoin Solana (SOL). Next on the list was the internet-scale blockchain Elrond (EGLD) which recently printed a golden cross, indicating a bullish signal where the 50-day moving average (MA) surpassed the 200-day MA. Arnold cites another analyst who stated that EGLD tapped a new all-time high in 62 days during the two previous golden crosses. Arnold highlights that the analyst predicts EGLD could hit as high as $2,500 on October 18th.

The next Altcoin named by Arnold was the Ethereum competitor Avalanche (AVAX), which the Crypto trader believes is gaining momentum as more users flock into the smart contract platform. We saw what happened with Solana and AVAX, in my opinion, is very similar to a Solana. AVAX is generally gaining in network, popularity, and price action. What they’re doing seems to be attracting a lot of [users].”

Lastly, Arnold listed Mina Protocol (MINA), which is backed by the best venture capital firms in the Crypto industry. He anticipates that long-term holders of MINA have little reason to sell due to the staking mechanics of the coin. “I don’t think there’s going to be a lot of selling going on anytime soon because the way that the staking works, the highest rewards for the stakers happened in the first eight months or [one] year. So there’s really no reason to sell, unless, you can always take profits but I think a lot of people want those staking rewards.”

Disclaimer: The author’s views and opinions are for informational purposes only and do not constitute financial, investment, or other advice.