Crypto trader and analyst Austin Arnold selects six of the most explosive altcoin projects to buy on Coinbase before the US-based crypto exchange goes public. Coinbase, which is planning a direct IPO, predicts that its shares will begin trading on the Nasdaq on April 14. For this reason, the analyst recommends that the 6 altcoin projects he chose should be purchased within 10-11 days.
Austin Arnold: #Chainlink ( #LINK) is one of the explosive altcoin projects on my list!
In a new video, Altcoin Daily host Austin Arnold says the sixth coin on his list is Chainlink (LINK). Austin Arnold is referring to the release of a new substrate module that will bring their oracles to the #Polkadot ( #DOT) network. Austin Arnold adds the following to his comments on the subject:
WHILE DOMINATING THE ETHEREUM ECOSYSTEM, IT IS ABOUT TO DOMINATE THE POLKADOT ECOSYSTEM….
✅Austin Arnold: #Ethereum offers one scripting language, #Cardano offers it all
The next explosive cryptocurrency on Austin Arnold's watch list is Cardano (ADA). The analyst points to the fact that developers can write programs in multiple languages on Cardano, not just one language on Ethereum. Austin Arnold adds the following to his comments on the subject:
CARDANO'S VALUE PROPOSAL IS HIGHLY OPEN. THE ETHEREUM AIMS TO BE A LESS SCALABLE, CHEAPER, FASTER, AND LESS COMPRESSED VERSION. WE UNDERSTAND THAT, BUT WILL DEVELOPERS CHOOSE TO BUILD ON THE CARDANO? MANY PEOPLE DON'T TALK ABOUT THAT BUT YOU CAN WRITE SMART CONTRACTS IN MANY LANGUAGES IN 6 MONTHS AT CARDANO… DO YOU UNDERSTAND? ETHEREUM OFFERS A SINGLE CODING LANGUAGE, CARDANO OFFERS ALL.
Austin Arnold: #UMA (Universal Market Access) is coming strong
The altcoin project that ranks fourth on the analyst's list is UMA (Universal Market Access). UMA is a protocol built on Ethereum that allows users to create specially collateral synthetic cryptocurrency tokens that can track almost anything. Austin Arnold adds the following to his comments on the subject:
UMA WANTS TO DISRUPT THE DERIVATIVES MARKET IN A DECENTRALIZED WAY… THIS IS TO AUTOMATE AND DECENTRALIZE SOMETHING THAT THE TRADITIONAL MARKET ALREADY HAS. HOWEVER, THERE IS NO LONGER A GATEKEEPER.
This Altcoin Partners With A World Giant! Price Leaps
Austin Arnold: #Decentraland is preparing to be a great player
Third on the analyst's list is the virtual real estate network #Decentraland ( #MANA), which he thinks will be "super hot" in this altcoin cycle. The analyst emphasizes that Decentraland is so far the only cryptocurrency in the virtual real estate space available on Coinbase. Austin Arnold adds the following to his comments on the subject:
EITHER WAY, DECENTRALAND IS POISED TO BECOME A MAJOR PLAYER OUTSIDE OF THE CRYPTOCURRENCIES ON #COINBASE.
Austin Arnold: Yearn.finance ( #YFI) from cryptocurrencies on my radar
The analyst lists the automated yield farming protocol yearn.finance (YFI) in second place on his radar. Based on the total value locked in compared to the priced action, Austin Arnold suggests that the YFI is significantly lower. Austin Arnold adds the following to his comments on the subject:
DO PEOPLE REALLY USE / FIND VALUE IN THE PROTOCOL? THE ANSWER IS YES. IN FACT, THE VALUE LOCKED BY CASE TYPE IS EVEN HIGHER THAN WHAT WE SAW AT THE END OF 2020, AT AN ALL-TIME HIGH. WHILE THE LOCK-ON VALUE IS PEAKING, THE PRICE OF THE YFI TOKEN HAS NOT YET COME BACK TO ALL TIMES.
Austin Arnold: The most explosive altcoin to be found on #Coinbase is #Uniswap ( #UNI)!
The altcoin that Austin Arnold describes as the most explosive cryptocurrency to be found on Coinbase is Uniswap (UNI). The analyst notes that the recent announcement of the UNI v3 update is a bullish factor that gives UNI a huge upside potential. Austin Arnold adds the following to his comments on the subject:
A UNISWAP DECENTRALIZED (DEX) EXCHANGE WILL BECOME MUCH MORE EFFICIENT, MUCH CHEAPER AS AN AUTOMATED MARKET MAKER. IN FACT, THEY SAY, 'THIS WILL BE THE MOST FLEXIBLE AND EFFICIENT AUTOMATED MARKET MAKER EVER DESIGNED. UNI V3… BUT THIS IS SOMETHING WE HAVEN'T COVERED AND THIS IS INTERESTING. 4,000 TIMES MORE CAPITAL WILL BE EFFICIENT, SO WHAT DOES THAT MEAN? IT IS POOLED INTO A SINGLE POOL, WITH SOMETHING CALLED CONCENTRATED LIQUIDITY, WHICH ARE POSITIONS OF LIQUIDITY PROVIDERS (LPS). SO LPS CAN PROVIDE UP TO 4,000 TIMES MORE CAPITAL EFFICIENCY AND LIQUIDITY THAN WE CURRENTLY HAVE.