Ethereum (ETH) is the number one project he follows says Cryptanalyst Austin Arnold
The trader emphasizes that the Ethereum team plans to carry out an update in Berlin that includes optimizing the use of gas fees next month. The crypto analyst adds that Ethereum co-founder Vitalik Buterin recently said that he believes the smart contract platform will be ready to scale 100x in the next few weeks.
Next up is another blue-chip asset – Charles Hoskinson’s Cardano (ADA) smart contract platform .
“The thing is, the Cardano ecosystem is constantly evolving. I tell you again that Cardano today is very different from Cardano four years ago. We have four years of research and development, we have the transition from Byron to Shelley, the ability to issue tokens now, smart contracts in a few months, a growing user base. Cardano is one of those things to watch for. “
Third on the trader’s list is a large-cap Bitcoin fork , Litecoin (LTC) , which he says is gearing up for a privacy-focused MimbleWimble update. Arnold also notes that the number nine cryptocurrency by market capitalization generally does well in a bull market, arguing that the token “may have better risk-adjusted returns in the coming months.”
Chainlink (LINK) is ranked fourth on the analyst list. Arnold shares a recent Citigroup report that sheds a favorable light on the number one decentralized oracle project. “A recent report from Citigroup predicted that LINK as a token in the Chainlink ecosystem could grow as blockchain continues to thrive globally.”
The fifth, sixth and seventh altcoins on Arnold’s Watchlist are Polygon (MATIC), Skale Network ( SKL), and SushiSwap (SUSHI), which launched on Coinbase this week and may become even more popular in the news.
Sponsored project Cook Protocol is on the cusp of an initial decentralized exchange (DEX) offering and listing on Uniswap, Arnold notes. The project, which aims to create an unparalleled user-friendly asset management platform, is “well funded” and backed by renowned decentralized finance (DeFi) market maker DuckDAO.
Finally, the ninth position was taken by the Chiliz (CHZ) project , which has grown significantly lately. The CHZ token has grown by over 10,460% over the year.
