The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

Eight Crypto Assets Have Massive Potential in 2021, Says Influential Altcoin Trader

by Daily Hodl Staff
December 2, 2020
in Altcoins, Bitcoin, Ethereum, Ripple and XRP

Crypto trader Aaron Arnold is revealing eight crypto picks that he says have massive potential for growth in 2021.

In a new installation of Altcoin Daily, Arnold tells his 283,000 subscribers that Bitcoin (BTC) is his number one pick heading into the new year. He refers to an interview where Daniel Schulman, PayPal’s chief executive, describes how Bitcoin is just getting started in terms of merchant adoption.

“I think you’ll have more and more utility happen with cryptocurrencies. One of the things we allowed is not just making it easy to buy, sell, and hold cryptocurrencies, but very importantly, early next year, we’re going to allow cryptocurrencies to be a funding source for any transaction happening on all 28 million of our merchants.”

Arnold’s second pick is Polkadot (DOT).

The crypto trader highlights that the next-generation blockchain protocol that enables interoperability is the most popular network for staking. Token holders have deposited $3 billion worth of funds to Polkadot validators for a chance to generate passive income. In addition, Arnold notes that the Polkadot ecosystem continues to grow in the areas of decentralized finance (DeFi) applications, non-fungible tokens (NFTs), and bridges for interoperability.

At number three is Ethereum (ETH). Arnold expects the leading smart contract platform to grow with the launch of ETH 2.0 which promises a new era of staking and scalability.

Landing at number four is decentralized finance darling yearn.finance (YFI). Arnold points to Yearn Improvement Proposal 54 (YIP-54) as a possible catalyst for YFI. The upgrade implements quarterly audits to make the governance of YFI more transparent. It also allows the creation of an operations fund that aims to buy back YFI tokens as well as other assets.

Grabbing the fifth spot is Cardano (ADA). The crypto influencer says that the eighth-largest cryptocurrency is gearing up to roll out two major upgrades, one of which is the highly-anticipated release of Yella.

“Yella is also known as IELE and is a virtual machine (VM), and it can be used by developers to create DApps in any popular programming software and once complete, use Yella to convert and run it… Plus, having support for Solidity, Ethereum’s native programming language, Yella will be the perfect component to convert DApps from Ethereum to Cardano… Earlier when the IOHK (Input Output Hong Kong) CEO compared Ethereum’s virtual machine to Yella, he said that the latter would make the Ethereum Virtual Machine ‘look like a toy.'”

Taking number six is XRP. Arnold emphasizes that he is not personally invested in the third-largest cryptocurrency but he says Ripple is pushing to make the XRP Ledger a fundamental component of the central bank digital currency movement.

“According to Ripple CEO Brad Garlinghouse, they want central banks to consider using the XRP Ledger to issue stablecoins… Ripple wants in on the action.”

His last two coins are Synthetix (SNX) and Chainlink (LINK). Arnold highlights the fact that the crypto platforms are teaming up to allow users to trade real-world assets such as oil in a decentralized manner.

“sOIL is a synthetic asset that mirrors the price movements of oil using a Chainlink decentralized oracle network… It is available Synthetix Exchange and can be traded for any Synth with infinite liquidity and zero slippage.”

I

Check Latest News Headlines


 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/GrandeDuc

Submit a Press Release

Industry Announcements

  • Addressable Raises $7.5 Million To Enable Web 3.0 Companies To Acquire Users at Scale
    January 31, 2023
  • SIMBA Chain Awarded $30 Million US Air Force STRATFI
    January 31, 2023
  • Bunzz Raises $4.5 Million Seed Round To Expand Its Smart Contract Hub for DApp Development
    January 24, 2023
  • Dogecoin and Shiba Inu Better Watch Out – Floki Just Had Three Big Things Happen for It
    January 24, 2023
  • Crypto Marketing – What Initiatives Will Bring More Value and Users in 2023
    January 23, 2023
  • Make Crypto Payments on BChat Web 3.0 Messenger – BChat Integrates Beldex Wallet
    January 22, 2023
  • KEY3.id Supports Multi-Chain Transaction, Partnership With KuCoin Wallet, CoinHub Wallet and Wallet3 To Launch 2023 Lucky Transaction Campaign With Over 30,000 Participants on Social
    January 20, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$23,001.16
$23,001.16
1.24%
Ethereum
$1,580.67
$1,580.67
1.1%
Cardano
$0.387299
$0.387299
4.21%
XRP
$0.406491
$0.406491
3.14%
Dogecoin
$0.095462
$0.095462
9.46%

Spotlight

  • ARK Invest Predicts Market Rebound, Says Crypto Assets To Become Valued for Scarcity in Age of Abundance
    January 25, 2023
  • Two Under-the-Radar Altcoins Continue To Skyrocket This Week Amid Official Coinbase Trading Rollout
    January 27, 2023
  • Layer-1 Blockchain Explodes 150% As Chinese Social Media Giant Integrates Crypto Platform
    January 31, 2023
  • Largest Crypto Wallets To Support Major Shiba Inu (SHIB) Upgrade As Dogecoin Rival Holds 70% Gains Year-to-Date
    January 26, 2023
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash •
Industry Announcements

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2023 The Daily Hodl