Recently, crypto analyst Austin Arnold, the host of the “Altcoin Daily” YouTube channel, named five cryptoassets with the potential to increase 50x in value.
In a recent video, Arnold told the channel’s 437K subscribers that he was bullish on decentralized exchange aggregator 1inch (1INCH) as a competitor to Uniswap. He said the platform was staging a new “vampire airdrop” targeted at Uniswap users and Mooniswap, enticing investors to jump on the new platform.
Arnold said:
“So this is interesting because usually, you airdrop your token to your own users to encourage engagement in your own protocol. Well, 1inch just went on the offensive and are sending their tokens to competitors’ users to try and steal those users.”
Arnold was also bullish on the protocol Polkastarter (POLS), which is “a Protocol built for cross-chain token pools and auctions, enabling projects to raise capital on a decentralized and interoperable environment based on Polkadot” or in Arnold’s words, “a Kickstarter for cryptocurrencies.” He claimed the platform was already being used by several initial DEX offerings (IDOs) — such as Polkamarkets (POLK), SuperFarm, and Public Mint — to launch their tokens
The crypto trader highlighted 0x (ZRX), which is “is a protocol that facilitates the peer-to-peer exchange of Ethereum-based assets”, and Flow (FLOW), which is “a new blockchain built for the next generation of apps, games, and the digital assets that power them”, as two more projects he was keeping an eye on. Arnold said the latter would continue to gain media attention alongside an interest in non-fungible tokens (NFTs) and through its offering of NBA digital collectibles (such as game highlights).
Arnold ended his list with Energy Web Token (EWT), the native token of Energy Web Chain, a “a public, enterprise-grade blockchain platform designed for the energy sector’s regulatory, operational, and market needs”. The Altcoin Daily host said companies would find value in the protocol as a way to “decarbonize” international supply chains, including German manufacturer ASA Automation which had associated with the platform.
He continued:
“Who is ASA Automation? ‘ASA Automation is a leading global automation and robotics manufacturer that supplies equipment and solutions multi-national companies including Walmart, Nestle, Volkswagen, and Pfizer.”
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The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.