Cryptocurrency trader and Altcoin Daily host Austin Arnold thinks six major altcoins are gearing up for major rallies next year.
Contact us to be informed about the last minute developments. Twitter and Telegram you can follow our channel.
In a recent video, Arnold said that Ethereum Layer-2 (L2) scaling solution Polygon (MATIC) gained momentum after forming a partnership with the $20 billion company DraftKings. Arnold shared statements from Paul Liberman, head of global product and technology at DraftKings, explaining how the company has positioned itself to grow with Polygon:
Arnold later mentioned Polkadot (DOT). The trader pointed to a recent tweet from Gavin Wood, founder of Polkadot, saying that just under 19 million DOT tokens are currently stored in the DOT treasury to fund community projects.
Illuminates when no DOT is used. According to Gavin Wood, currently the Polkadot treasury burns 239,988 tokens every month.
The third coin Arnold is looking at is the supply chain management protocol VeChain (VET). The trader underlines that VeChain has recently established a partnership with major logistics company DHL for the issuance of institutional NFT.
The next project expected to rise is the smart contract platform Cardano (ADA). Arnold noted that Cardano gained further traction after partnering with television satellite provider DISH and announcing that the network had received $100 million in investment in Cardano-focused projects in Africa.
Another cryptocurrency on Arnold’s list is the decentralized oracle network Chainlink (LINK):
Finally, the cryptocurrency trader thinks that the leading smart contract platform Ethereum is poised for a massive 2022. He revealed that Ethereum developers are planning to migrate ETH to Ethereum 2.0, which will transform the blockchain in May-June 2022.