Aaron Arnold: 8 Hot Altcoins Ready for a To The Moon
According to Altcoin Daily, eight altcoins will rise in price at the beginning of the next bullish trend
Trader Aaron Arnold believes that a new round of bullish Bitcoin trend has begun. Analysing the previous cycles, Bitcoin will establish a solid base for growth 2-3 times higher than the previous ATH.
Together with the first cryptocurrency, altcoins are correlated. Therefore, many digital currencies are ready to start. Aaron Arnold has positioned them in order of diminished prospects.
7. Ethereum (ETH)
Cryptocurrency has already set a maximum in early April. Its price has risen above $2,000. In many ways, due to the lack of supply in the market. After all, many ETH are locked into DeFi and other projects.
The growth of BTC and ETH has served as a signal for other cryptocurrencies. So the trader is optimistic about the rest of the altcoins.
6. Compound (COMP)
The project belongs to DeFi, and this area now attracts a lot of investment and has good growth prospects. This is evidenced by several green candles on the chart in a row, as well as an investment of whales in the amount of $1.3 billion.
5. Yearn.finance (YFI)
The token of this project on the graph moves up to break through the resistance level and install a new ATH.
4. Cardano (ADA)
We agree with Aaron Arnold in assessing the prospects for this project. Cryptocurrency developers have implemented significant changes in the blockchain, and now on the platform you can launch the creation of NFT.
3. Polkadot (DOT)
According to Arnold, this project can become a serious competitor to Ethereum. In the blockchain Acala, which supports the virtual machine Ethereum, invests Coinbase Ventures. Acala lets you create DeFi apps on the Polkadot network. Kraken CEO Jesse Powell also spoke in favor of THES.
2. THETA (THETA)
The video content network recently teamed up with Cinedigm. It's an animation streaming channel. It uses Theta Fuel (TFUEL) to pay rewards for viewings.
1. Ethernity Chain (ERN)
This NFT platform will be actively developed. Recently, a lucrative partnership agreement was concluded with the Hong Kong investment crypto company Kenetic Capital.
You can get more information, register and start trading on Huobi.
The article has an informational character, reflects the opinion of the author. Before you make a decision, analyze the market situation.