According to the crypto trader and influencer Austin Arnold, five altcoin gems will deliver life-changing wealth to their investors this year.
Altcoin Daily founder and crypto trader Austin Arnold named five altcoins in a video that he believes can become some of the best crypto investments for 2021.
The Graph, REN, and three other altcoins make a list.
In the video, the influencer tells his 413,000 YouTube subscribers that he is bullish on indexing protocol The Graph (GRT). The Graph launched its main net last December and has since been expanding its services to blockchains like Bitcoin (BTC) and Polkadot (DOT).
If Ethereum indeed turns out to be the global supercomputer, we’ll need something like The Graph to query all the information on the blockchain, and now it’s not just Ethereum.
The second project Arnold is bullish on is Ren (REN). Ren is a protocol that enables the transfer of crypto assets between blockchains. The trader cites data from Santiment that Wale is currently accumulating more REN, which may indicate that another price increase for the interoperability protocol is on the horizon.
Next, Arnold recommends taking a look at the Manta Network. Manta Network is an upcoming privacy-focused decentralized exchange that will be built on Polkadot. Manta Network recently raised $1.1 million in a seed round led by blockchain investment firm Polychain Capital.
The fourth project on Arnold’s list is the commission-free crypto broker Voyager Token (VGX). He cites Voyager’s announcement by discussing plans to expand its offering with features such as debit and credit cards, margin products, and a desktop application. Prospects that make the Influencer bullish.
The trader is also bullish on smart contract platform Elrond (EGLD), which just launched its highly anticipated Maiar wallet and payments app. The project hopes this latest implementation will drive user growth and allow them to onboard the next wave of crypto users.
Of course, all of the Influencer’s assessments are pure speculation. Moreover, in my opinion, his list misses many projects from the DeFi sector that carries immense potential. In general, however, it certainly doesn’t hurt to read up on the various projects that are currently burgeoning. After all, the DeFi sector has already produced several projects that generate impressive cash flow and offer exciting investment opportunities from a traditional company valuation perspective.
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