Recognized cryptocurrency analyst Aaron Arnold expects big breakthroughs fueled by solid fundamental developments in Dogecoin, Chainlink and three altcoin projects. Let’s take a closer look at Aaron Arnold’s assumptions…
Here are critical Chainlink and altcoin assumptions
Aaron Arnold: Head of Decentraland Blockchain-based virtual worlds and games
In a new image, Altcoin Daily tells its 872,000 subscribers that it is keeping a close eye on virtual reality-focused Decentraland and its ERC20 token MANA. Aaron Arnold states that Decentraland is ready to host one of Ethereum’s first music festivals this week.
Along with lots of music, Decentraland promises to offer hundreds of exclusive non-tradable tokens (NFTs) to attendees of the live music festival. Aaron Arnold adds the following to his comments on the matter:
So Decentraland is a pioneer in Blockchain-based virtual worlds and games, and they are holding a music festival, and many Ethereum leaders are looking forward to it.
Other altcoin projects on Aaron Arnold’s list: Doge and Polygon!
The next altcoin on Aaron Arnold’s list is the well-known meme cryptocurrency Dogecoin (DOGE), which has skyrocketed by over 10,000 percent in a year, according to CoinGecko. Arnold notes a promotional event for the DOGE powered portable game Million Doge Disco. The augmented reality game encourages users to go to the movies while dancing alongside an animated Shiba Inu and go on a treasure hunt in their local area to find DOGE tokens and various DOGE NFTs.
The number three cryptocurrency is layer 2 scaling solution Polygon (MATIC). The analyst believes MATIC is poised to rise after recently announcing the integration of yield-optimizing vaults on the Maker Network, starting with $50 million in initial liquidity funding in MATIC tokens. Aaron Arnold adds the following to his explanations on the subject:
With the recent integration, it means that the protocol has now expanded in scope, vision and transformation to become an Ethereum scaling aggregator. So, I love Polygon. I love Maker. I love Ethereum and what’s going on – growth, building – is undeniable.
Next is the decentralized oracle network Chainlink (LINK)
Next up is the decentralized oracle network Chainlink (LINK). The cryptocurrency analyst observes that Chainlink has recently reached a total of 618 integrations on its network, most recently collaborating with Nifty Royale, the NFT marketplace that uses LINK to power blockchain-based battle royale games. Aaron Arnold adds the following to his explanations on the subject:
I’m neutral on Nifty Royale. I’m sharing this with you because Chainlink does these kinds of things every day, every week.
The last altcoin on Aaron Arnold’s radar is Elrond!
The last altcoin on Aaron Arnold’s radar is Elrond (EGLD), a Blockchain protocol built for ultra-fast, reliable, low-cost and highly scalable processes. The analyst states that he is optimistic towards Elrond for reasons similar to Chainlink. Aaron Arnold adds to his comments on the bet:
In Chainlink-like form, Elrond is integrating and forming partnerships, and what they’re doing is very similar to the commitment we’ve seen with Chainlink. Because of that, while Elrond is not an old-timer in the cryptocurrency scene, it has already had numerous partners and continues to grow every week, every month. No wonder the price of EGLD has increased by 22% in the last seven days.
As we previously reported , for more crypto news “Dogecoin, ADA and ETH Estimates from Leading Trader: These Levels Are Visible!” You can review our article.
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