22 January 2022
The host of Altcoin Daily and Crypto analyst Austin Arnold has listed his top Crypto.
The analyst is still bullish on Bitcoin despite the massive selloff which the leading Crypto has undergone since hitting an all-time high above $69,000 in November.
“People are buying the dip from every exchange. Bitcoin is leaving exchanges.
Miners are not selling their Bitcoin, they’re holding onto it.”Alcoin
Currently, the flagship Cryptocurrency is down 2.02% to $42,613.
The second coin on his list is Ethereum. He said, “Ethereum has its own supply shock going on. Ethereum 2.0 deposit contract has surpassed $30 billion in value. Once [holders] put their ETH in the deposit contract, they can’t take it out again until it is fully transitioned.”
At the time of writing, Ethereum is down 2.17% on the day and trading for $3,259.
The host also considers Uniswap (UNI), a decentralized finance protocol that was recently deployed on fellow layer-2 protocol Polygon (MATIC). Arnold added that “2022 might be the year of layer-2s.”
Uniswap is trading at $15.61 while Polygon is trading for $2.26.
Altcoin Daily host is also keen on Immutable X(IMX), which is a scaling solution for non-fungible tokens (NFTs) aiming to enable near-instant, zero gas fee transactions.
Tezos (XTZ), is also on Arnold’s list which has been collaborating with many corporate partnerships. The recent milestone was achieved after The Gap released NFT collectibles based on the Tezos platform. “Tezos is certainly an altcoin to watch doing big things.”
The host talked about the Internet of Things and highlights the open-source public blockchain Helium Network (HNT), which has a 450,000 hotspot milestone.
“It is a quality [venture capital]-backed project.”
Elrond (EGLD), the enterprise-grade scalable blockchain platform also is one of his picks as the project has acquired eb3 payments provider UTRUST (UTK), which in turn integrated EGLD as a form of payment.
The last coin on his list is the decentralized exchange platform dYdX (DYDX). He notes that the platform is aiming to achieve full decentralization by the end of this year.
Disclaimer: The author’s thoughts and comments are solely for educational reasons and informative purposes only. They do not represent financial, investment, or other advice