Crypto analyst Austin Arnold of Altcoin Daily is naming five of the most undervalued altcoins that he says are ripe for opportunities this new month.
In a new video for his 818,000 subscribers, Arnold lists five cryptocurrencies that are all within the non-fungible token (NFT) space, starting with ECOMI (OMI).
ECOMI is the blockchain that powers the digital collectibles marketplace VeVe. According to Arnold, VeVe’s partnership with pop-culture icons could be a bullish catalyst for the nascent digital asset in the future.
“The integration with pop culture for me is really where ECOMI starts to get exciting because while other cryptocurrencies are still only hoping for adoption, are still hoping for awareness, ECOMI’s got it. VeVe has already formed huge partnerships with brands like Warner Brothers, Capcom, and DC Comics.”
Altcoin number two on Arnold’s list is Superfarm (SUPER). Superfarm is a platform for cross-chain NFT farming with no coding skills required. The trader notes he’s bullish on the fact that projects can launch on the platform using a suite of built-in tools, including marketing, fundraising, development, advisory, and more. SUPER is currently trading at $0.77, according to CoinGecko.
Third on the list is MurAll (PAINT), which Arnold believes is “way more of a hidden gem in the cryptocurrency space.”
MurAll is a collaborative digital canvas that artists can contribute to by using the PAINT token. Each PAINT token can draw two pixels, and just like real-life paint, it can only be used to draw once.
“MurAll is definitely an altcoin to watch and, by the way, is doing something very, very different than all of the other altcoins mentioned today.”
At time of writing, PAINT is trading at $0.0004.
The fourth coin on Arnold’s radar is Origin Protocol (OGN), which provides a platform for building peer-to-peer marketplaces and e-commerce applications. Users also have the ability to earn yields on its stablecoin OUSD and through staking OGN. Arnold notes that Origin has partnered with popular DJ and recording artist Justin Blau. The trader says the partnership is “a green flag for me.”
The last NFT-focused crypto on Arnold’s watchlist for June is RFOX, the native token on virtual marketplace ecosystem RedFOX. The project’s RFOX VALT aims to build an augmented reality (AR) network with virtual shopfronts, billboards, meeting places and more.
According to RFOX, the team will “incorporate VR/AR (virtual reality) and AI (artificial intelligence) in addition to offering digital items, including those issued through blockchain smart contracts and NFTs.”
“The reason they make our list today is because they recently announced RFOX VALT, an out-of-this-world immersive commercial experience. So in the most simplistic terms, think of this potentially as the next Decentraland (MANA).
RFOX is launching a fully immersive virtual ecosystem that offers users a unique experience. This is coupled with the capacity to transition traditional commercial enterprises like merchants into a virtual econosystem built upon unique NFTs that emulate real-world economies.”
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