Got lost in the abundance of information about Bitcoin, digital currency, blockchain technology!? IneChain rating will help you to easily identify different news from different media sources, - so you can get the full picture and choose the right way to making money! Still not a millionaire?;)

Fast and Trusted reading best crypto news online at inEchain feed!

These Five Altcoins Are About To Go ‘Insane,’ According to Crypto Trader Aaron Arnold

These Five Altcoins Are About To Go ‘Insane,’ According to Crypto Trader Aaron Arnold

Crypto trader and YouTube influencer Aaron Arnold is highlighting his top five altcoins as he predicts the crypto markets are about to go insane.

In a new video, Arnold tells his 998,000 YouTube subscribers that he’s bullish on decentralized oracle Chainlink.


“Chainlink is kind of a blue-chip in what it does. No other oracle crypto like Chainlink is doing it as big as Chainlink… LINK looks like it’s gearing up for a breakout. So Chainlink, yeah, I happen to be bullish as long as we’re in a bull cycle.”

Looking at Polkadot (DOT), Arnold cites a crypto strategist who believes that the interoperable blockchain will follow the footsteps of explosive altcoin Solana (SOL).

“This particular analyst is comparing it, saying that DOT could pull a move like Solana. ‘Getting some major Solana vibes from DOT. It’s been rejected a few more times, but I think the trajectory (weekly candle close), relation to the previous all-time high and the fact that it hasn’t really pumped this entire run. I’m hoping it can shine like SOL in the next couple weeks.'”

As for Elrond (EGLD), the crypto trader highlights that the internet-scale blockchain recently printed a golden cross, a bullish signal where the 50-day moving average (MA) crossed above the 200-day MA. Arnold cites another analyst who says that during the two previous golden crosses, EGLD reached a new all-time high in 62 days. Arnold says the analyst predicts EGLD hitting as high as $2,500 on October 18th.

Next up is Ethereum competitor Avalanche (AVAX), which the crypto trader says is gaining momentum as more users flock into the smart contract platform.


“We saw what happened with Solana and AVAX, in my opinion, is very similar to a Solana. AVAX is generally gaining in network, popularity, and price action. What they’re doing seems to be attracting a lot of [users].”

The last coin on the trader’s radar is privacy-focused Mina Protocol (MINA), which Arnold says is backed by some of the best venture capital firms in the crypto industry. He adds that long-term holders of MINA have little reason to sell due to the staking mechanics of the coin.

“I don’t think there’s going to be a lot of selling going on anytime soon because the way that the staking works, the highest rewards for the stakers happened in the first eight months or [one] year. So there’s really no reason to sell, unless, you can always take profits but I think a lot of people want those staking rewards.”


Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox Follow us on Twitter, Facebook and TelegramSurf The Daily Hodl Mix

Check Latest News Headlines Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/studiostoks and Kundra

Submit a Press ReleaseCrypto Livewire – Press ReleasesOpenOcean Atlantic Outperforms Returns by Other Leading DEX AggregatorsOctober 19, 2021$SHILL Public Sale – The First GameFi Multi-Chain Initial Token Offering RevealedOctober 19, 2021MojitoSwap DEX Launched on KCC With 1,000,000 MJT Airdrops To Reward the KCS CommunityOctober 18, Partners With Pyth Network To Provide Real-Time Crypto Price DataOctober 18, 2021APENFT Foundation’s Announcement on Adjusting the APENFT(NFT) Airdrop StrategyOctober 15, 2021Panther Protocol and Kudelski Security Join Forces To Accelerate Privacy Tech in the UKOctober 15, 2021Evrynet Welcomes Three Renowned Advisors Following $7 Million Private Funding RoundOctober 15, 2021Submit a Guest m$3,863.73$3,863.731.7%Binance 445151.13%SpotlightThe Rise of Bitcoin Does Not Threaten USD, According to Fidelity Investments DirectorOctober 15, 2021Critical Time Upon Us As Bitcoin Faces Final Point of Resistance: Crypto Analyst Benjamin CowenOctober 18, 2021Digital Assets Could Pose a Threat to US Dollar Dominance in the Future: United States Federal ReserveOctober 13, 2021Crypto Traders Most Bullish on Polkadot, Solana, Polygon and 10 Additional Altcoins: Digital Asset SurveyOctober 16, 2021

date of publication icon 20 Oct 2021 icon of time needed to read the article 3 min read
Rate it!