Crypto Analyst Says Cardano, Avalanche and Two Others Have Potential

As the crypto market recovers after nine red weeks, some crypto projects have made remarkable progress. This emphasizes their strength in the low trend.

Crypto analyst Austin Arnold told the YouTube community what to consider when choosing a project to invest in the underground market. And four crypto assets are likely to perform better in the future.

Related Reading | Cardano (ADA) bulls rise again, what are the next target levels?

Austin, an expert cryptocurrency trader and co-host of Alcohol Daily, told 1.23 million subscribers about five aspects of testing a crypto project.

These are the five characteristics that make the project grow as the total space increases. It is a talented team in the project, well supported by the project, and a great team of real-life problem solvers in the blockchain. He also said that the blockchain strategic partnership and position will strengthen the crypto assets.

Analysts have taken Oracle firm’s Chainlink (LINK) as the first option in the list. He mentioned the remarkable achievements of Oracle Network on BNB and MATON, which highlighted the adoption of ChinaLink. Arnold further elaborated on the performance of the simulation in the previous Bitcoin bloodshed.

At the time of writing, Chainlink is trading at $ 7.29, down 0.77% in the last 24 hours.

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Bitcoin returns $ 30,000. | Source BTC / USD Trading from TradingView.com

Other Crypto projects on Arnold’s list

Crypto analyst’s Smart Contract Platform Alavanche (AVAX) picks him second and calls him “One of the Best (Layer-1)” and “One of the Best Ethereum Competitors”. He shed light on the steps he took to separate the project from ETH.

Ethereum is trying to integrate itself into a highly decentralized administration, but Avalanche is setting itself up for greater scalability and higher users at a much lower cost.

AVAX is trading around $ 25 and has lost about 4% in the last 24 hours. It is currently ranked 14th in the market price.

Arnold moved to Ethereum’s rival Cardano (ADA), who was “very bully.” Citing Cardinal’s efforts to create more than 5 million NFTs, the ecosystem “is really flourishing.

Cardano’s ADA is currently trading at $ 0.57, down 10% in the last 24 hours. ADA stands 7th in Market Capital.

Related Reading | TA: Ethereum drops to $ 2,000, why add 100 SMA fresh?

Litecoin appears to be the preferred investment in the “Dark Horse” at the end of Arnold’s list. Noting the recent launch of the Litecoin network, he predicted a significant milestone for LTC following the major overhaul of the crypto project. MWEB.

At the time of writing, Litecoin is worth more than $ 66, down 3.74% from the previous day. It is currently ranked 19th in market capitalization.

Featured image from Pixabay and chart from TradingView.com


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