Altcoin Daily host Aaron Arnold is listing four Ethereum competitors that he expects to surge in 2021.
The crypto trader tells his 900,000 YouTube subscribers that as Ethereum (ETH) thrives, some its rivals will attract interest.
“I believe in a world where Ethereum is so valued and my investor’s thesis for Ethereum is playing out. I believe that people are going to speculate and look to these Ethereum interoperators and competitors. Not all them, but the “blue chips,” the ones that have good metrics or good things going for them.”
First on Arnold’s list is the smart contract platform Solana (SOL). He points to the Solana-powered version of the dollar-pegged stablecoin USDC, which just reached a $1 billion in circulation, as a sign of the platform’s early adoption.
“Solana continues to conquer the market. They are building like no other and that’s why they make the list today.”
Arnold names Polkadot (DOT) as the second ETH competitor that he thinks is set to rise.
“So all eyes are on Ethereum right now. All eyes are even on Cardano right now. Hardly any eyes on Polkadot. And to me that screams opportunity.”
Cardano (ADA) is the third altcoin on Arnold’s list. The crypto analyst says that the fifth-largest cryptocurrency by market cap could move higher as the platform’s smart contract launch approaches.
“Cardano is looking great, especially going into this next month, especially going into smart contracts. Cardano’s testnet is finally becoming smart-contract compatible and in about a month or two, definitely before the end of the year, they are going to go full smart-contract compatible. So I’m bullish on Cardano.”
High throughput blockchain Elrond (EGLD) is the final ETH competitor on Arnold’s list.
“Elrond, actually kind of similar to Chainlink (LINK), continues to integrate, continues to make partnerships. Elrond is building just as fast – and they’re ecosystem is expanding just as fast – as a [sic] Solana, as an [sic] Ethereum.”
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