Recently, crypto analyst Austin Arnold, the host of the “Altcoin Daily” YouTube channel, talked about seven altcoins that could be top performers in 2021.
In a recent video, Arnold told the channel’s 437K subscribers that Ethereum (ETH) is his top pick in terms of price outlook for the coming year. Arnold predicted the smart contract platform would break its previous all-time high of $1,900 and pointed to the bullish development of staking on Ethereum 2.0 via user-friendly platforms such as Coinbase.
Arnold also noted rising hype for non-fungible tokens (NFTs), commonly built on Ethereum’s protocol, that would lead to a bump in interest for ETH.
The popular trader was also bullish on Ethereum competitor Polkadot (DOT), saying that the smart contract platform was drawing more market attention.
In addition, Arnold asked viewers to take a closer look at decentralized exchanges (DEX) PancakeSwap (CAKE) and Uniswap (UNI), with the former seeing a massive boost in trading volume.
He said:
“How could you not be bullish on decentralized exchanges? PancakeSwap traded over $400 million in daily volume yesterday. It briefly became the world’s second-largest DEX.”
Arnold rounded out his top picks with indexing protocol The Graph (GRT), storage data network Filecoin (FIL), and lending platform Celsius (CEL).
Featured Image Credit: Photo via Pixabay.com
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.