Popular cryptocurrency trader and analyst Austin Arnold has revealed his list of altcoins ready to take off in 2021.
According to the latest episode of Altcoin Daily, Arnold told his 294K subscribers that deadmau5’s first-ever non-fungible token (NFT) is his top pick for 2021. The trader explained that previous NFTs have been selling out on the Worldwide Asset eXchange (WAX) blockchain and anticipates the legendary DJ’s new token will find similar success.
Past NFT pack sales on WAX have sold out in as quickly as 9 minutes, and very high demand is anticipated for the music legend’s first-ever NFT sale.
Arnold called his second-place altcoin pick a tie between Nervos Network (CKB) and Cardano (ADA), noting a recent partnership between the projects to address smart contract security.
We’re excited to announce we’ve entered into a partnership with @InputOutputHK, the creators of #Cardano
We’ll jointly research #UTXO ledgers & #smartcontracts to develop an improved framework for other UTXO-based chains
Learn more 👉 https://t.co/b1MpNkwhKD pic.twitter.com/j5HBAb0La2— Nervos (@NervosNetwork) December 15, 2020
Arnold highlighted the popular decentralized finance project Uniswap (UNI) as his next highest altcoin to succeed in the coming year. He pointed to the project’s overall dominance in the space of decentralized exchanges (DEX), in addition to passing $50 billion in trading volume last week.
The Altcoin Daily host rounded out his top selections with Band Protocol (BAND), Yearn.Finance (YFI) and Aave.
PUBLISHED BY– Michael Lavere