Crypto Analyst Austin Arnold: These 5 Altcoins Could ’10x Your Wealth in 2021′
In a recent video, crypto analyst Austin Arnold, Co-Founder and host of the “Altcoin Daily” YouTube channel, named five “higher cap” cryptoassets that he said could help to “10x your wealth in 2021.”
“Decentrized trading platform Synthetix has raised $12 million from venture capitalist firms Coinbase Ventures, Paradigm, and iOSG, and this raise looks to be a rare occurrence of VCs investing through the purchase of a platform’s native token directly from the treasury rather than wiring funds to its founders; so this speaks to, number one, how decentralized Synthetix is — it is run by the people, by the DAO — and number two, how much potential the Synthetix token has for the future.”
“Cardano is now 80% decentralized with an ETA of 100% decentralization on March 31st. That is 50 days away, moving right along.“
In a video published to his channel on January 24, Arnold said that Litecoin’s price could go as high as $2,740 in 2021.
“We’re seeing the people choose decentralized exchanges, and… retail is just starting to enter… six months from now, it’s not going be a question should I choose a centralized exchange where I would have to give up my private keys, who gate-keep, who only list a certain amount of coins, or Uniswap. Anybody can list on Uniswap, a lot of potential there, and yes the downside for Uniswap is it’s on Ethereum. So they have high fees right now… they’ve already stated that over these next 6-12 months, they’ll be adding second layer solutions to ease the congestion, to ease the fees on their end.“
“$6 billion stablecoin USDC lands on the Stellar blockchain… USDC’s Stellar launch comes after credit card giant Visa revealed in December it would connect its global payments network of 60 million onto USDC. Since then, the number of USDC tokens in circulation has doubled, and as more people use the stablecoin, especially as the millions of Visa merchants use the stablecoin, they don’t want to pay those Ethereum congestion fees. ‘We want USDC to be as broadly adopted as possible,’ says Circle. ‘Stellar as a blockchain is designed for payments.’ So they’re going to Stellar.“
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.