The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Financeflux
    • 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
    • Financeflux
    • 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

Crypto Trader Aaron Arnold Bullish on Several Altcoin Projects, Predicts Continued Dominance for Bitcoin and Ethereum

by Daily Hodl Staff
November 12, 2021
in Altcoins, Bitcoin

Altcoin Daily host Aaron Arnold is explaining why he sees big potential for several mid-cap altcoins while predicting continued success for Bitcoin (BTC) and Ethereum (ETH).

In his latest YouTube video, Arnold tells his 1.11 million subscribers that he expects the decentralized wireless platform Helium (HNT) to continue rising.

“This project is very heavily VC [venture capital] backed, but in my opinion they have a lot of quality VCs and they are doing real things.

Token scarcity is built into Helium token economics. As the number of Hotspots increases and as halvings occur every two years, the average HNT burned per day by Hotspots naturally decreases.”

Helium is a blockchain with operational nodes known as Hotspots, a combination wireless gateway and mining device. HNT is currently trading at $52.88.

Recent news about Elrond Network (EGLD) has the Altcoin Daily co-host excited about the high-speed transactional blockchain.

“Elrond Network is bridging to this bluechip centralized stablecoin [Coinbase’s USDC]. 

And this just speaks to what we see from Elrond on a weekly or monthly basis. Their amount of building, partnerships, bridging, updates, everything like that cannot be ignored.

10 million transactions, 888,000 accounts, 3,200 validators.”

Arnold is reacting to the news of the US Dollar Coin (USDC) stablecoin going live on the Elrond platform. EGLD is up 21.6% over the last 14 days, trading at $311.85 at time of writing.

The widely followed crypto trader is also predicting a big future for decentralized finance (DeFi) platform Aave (AAVE) after a recent unanimous vote within the community to upgrade the platform to V3 (version 3).

“[Aave] is a blue chip in the lending and borrowing decentralized finance space. They’re just about to go through a major upgrade.

If this goes off without a hitch, we’re going to see some major upgrades, and this is going to be good for Aave.

Version three is very sexy once you begin to understand it. Basically, you can borrow and lend on different chains.”

Despite the upgrade, AAVE is down 8% over the last seven days, currently exchanging hands at $306.28.

Next, the Altcoin Daily co-host can’t help but discuss the two biggest players in the crypto space: Bitcoin and Ethereum. As for the largest crypto asset by market cap, Arnold issues a stern warning to those “sleeping” on BTC.

“I’d be remiss if I didn’t point this out to you, because I’m very bullish on Bitcoin. Bitcoin supply is getting tighter with each passing day.

Supply shock is no joke. Do not sleep on Bitcoin, ladies and gentleman.”

BTC is trading at $63,768 at time of writing, down nearly 3% in the last 24 hours.

Finally, Arnold makes the case for leading smart contract platform Ethereum (ETH) to continue stealing market dominance from Bitcoin.

“Coinbase Q3 earnings are out. Ethereum volume surpasses Bitcoin volume for the second straight quarter. 

We’re starting to see a shift.

Ethereum’s dominance, or growing dominance, cannot be denied.”

ETH is exchanging hands at $4,635 at time of writing.

I

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

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/tsuneomp/pikepicture/Sensvector

Submit a Press Release

Industry Announcements

  • Tyrion Set To Decentralize the $377 Billion Digital Advertising Industry
    September 25, 2023
  • Hydranet Launches Layer Three Dex – A Game Changer for Trustless Cross-Chain Trading
    September 25, 2023
  • Ottochain Homage to EVMOS and Ethereum Layer Two
    September 21, 2023
  • Algorand Foundation Announces Build-a-Bull Hackathon in Collaboration With AWS
    September 20, 2023
  • OKX Achieves SOC 2 Type II Certification, Demonstrating Its Industry-Leading User Safety, Security and Compliance Standards
    September 20, 2023
  • Meme Fans Eye El Hippo (HIPP) As Floki Inu (FLOKI) Price Dips
    September 19, 2023
  • Dexalot Unveils SimpleSwap and SimpleView Features for Enhanced User Experience
    September 19, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$26,359.06
$26,359.06
0.51%
Ethereum
$1,593.12
$1,593.12
0.75%
Cardano
$0.247105
$0.247105
0.94%
XRP
$0.506056
$0.506056
0.66%
Dogecoin
$0.061097
$0.061097
0.02%

Spotlight

  • Top Trader Who Caught 2022 Bitcoin Bottom Predicts New Yearly High for BTC – Here’s His Target
    September 18, 2023
  • Crypto Whale Withdraws $116,000,000 Worth of One Altcoin That’s Up 222% in Past Month From Exchanges: Report
    September 18, 2023
  • Mark Yusko Says ‘Parabolic Blow-Off Top’ Coming for Bitcoin After $300,000,000,000 in Institutional Money Arrives
    September 18, 2023
  • $2,000,000,000 Worth of Crypto Wash Trading on Ethereum-Based Decentralized Exchanges, Says Surveillance Firm
    September 18, 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

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

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