Popular cryptocurrency trader Aaron Arnold says that Dogecoin, Chainlink, and three altcoins are bracing for massive moves driven by solid fundamental developments.
In a new video, the Altcoin Daily host tells his 872,000 subscribers that he is keeping a close eye on Decentraland focused on virtual reality and its ERC20 MANA token.
Arnold notes that Decentraland is scheduled to host one of Ethereum’s first music festivals this week. Along with a host of music, Decentraland promises to release hundreds of exclusive non-fungible tokens (NFTs) for live music festival goers.
“So Decentraland is a leader in blockchain-based virtual worlds and games, and they are holding a music festival, and many Ethereum heads are looking forward to it.”
Next on Arnold’s list is Dogecoin (DOGE), the popular meme crypto that has soared more than 10,000% in a span of a year, according to CoinGecko.
Arnold takes note of a promotional event for the mobile game Million Doge Disco powered by DOGE. The augmented reality game encourages users to film themselves dancing alongside an animated Shiba Inu and search for treasures in their local area to track down DOGE coins and various NFT DOGEs.
Currency number three is the Polygon Layer 2 Scaling Solution (MATIC). The trader believes that MATIC will increase after recently announcing its integration of performance-optimizing vaults on the Maker Network, starting with an initial liquidity funding of $ 50 million in MATIC tokens.
“With the recent integration, it means that the protocol has now expanded in scope, vision, and transformation to become a scale aggregator for Ethereum.
So, I like Polygon. I like Maker. I like Ethereum, and what is happening, the growth, the construction, is undeniable. “
Next is the Chainlink decentralized Oracle network (LINK). The cryptocurrency trader notes that Chainlink recently reached a total of 618 integrations on its network, most recently with Nifty Royale, a non-fungible token (NFT) marketplace that uses LINK to power blockchain-based battle royale games.
“I am neutral at Nifty Royale. I share this with you because day after day, week after week, Chainlink does things like this. “
The latest coin on Arnold’s radar is Elrond (EGLD), a blockchain protocol created for super-fast, secure, low-cost, and highly scalable transactions. He notes that he is bullish on Elrond for reasons similar to why he is bullish on Chainlink.
“Like Chainlink, Elrond is integrating and building partnerships, and what they are doing is very similar to the tenacity that we are seeing with Chainlink.
So while Elrond is not a veteran on the crypto scene, he has already had a large number of partners and continues to grow week after week, month after month. It is not surprising that the price of EGLD has increased by 22% in the last seven days ”.
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Featured Image: Shutterstock / Zdenek Sasek