Altcoin Daily founder and crypto trader Austin Arnold is naming the top five coins to buy this month with the potential to skyrocket 50x.
In a new video, Arnold tells his 460,000 subscribers that number five on his list is decentralized exchange aggregator 1inch as the protocol deploys an aggressive marketing campaign to lure users away from Uniswap.
“DeFi aggregator 1inch stages a new vampire airdrop to Uniswap users, meaning they are retroactively sending their own 1inch token to Mooniswap and Uniswap users. So this is interesting because usually, you airdrop your token to your own users to encourage engagement in your own protocol. Well, 1inch just went on the offensive and are sending their tokens to competitors’ users to try and steal those users.”
Coming in at number four is Polkastarter (POLS), a protocol that allows projects to raise funds in a decentralized, permissionless, and interoperable environment.
“The reason Polkastarter is making today’s list is because we’re seeing this protocol being used in a big way for exactly what it was intended. Four initial DEX offerings launching on Polkastarter soon. IDOs (initial dex offerings) are when you launch directly on a decentralized exchange before announced. Polkamarkets (POLK), SuperFarm which I’m excited about, Public Mint, and DAOventures are all new projects that are about to offer their coins to the public, hence the IDO.”
Taking the third spot is 0x (ZRX), which is a protocol that enables developers to build their own crypto exchange. Arnold says that ZRX is part of his altcoin list as the project takes steps towards decentralizing governance.
“The team is passing off control to the people which I like. I like that… This is happening right now and we should expect a fully open governance could be in place by the end of the year.”
Another project on the crypto analyst’s radar is Flow which Arnold says is starting to get mainstream media attention as the protocol allows users to own non-fungible tokens (NFTs) that feature actual NBA/sports highlights.
“I think just the narrative [of] being able to own your very own NBA highlight digitally, immutably, I think that will be huge. I can see that being very popular.”
Number one on Arnold’s list is Energy Web Token (EWT), which is the crypto asset that powers Energy Web Chain. According to the crypto influencer, Energy Web Chain is an enterprise blockchain platform tailored to the energy sector. Arnold says that companies around the globe are starting to find value in the protocol.
“ASA Automation, which is a German manufacturer, is leveraging Energy Web Zero to decarbonize international supply chain. So check out this utility. ‘ASA Automation and Energy Web announced a renewable energy project leveraging the EW Zero application to help ASA source renewables for its production facilities in Germany and Chile.’
Who is ASA Automation? ‘ASA Automation is a leading global automation and robotics manufacturer that supplies equipment and solutions multi-national companies including Walmart, Nestle, Volkswagen, and Pfizer. Companies like these with strong sustainability policies require that suppliers such as ASA use low-carbon energy.’”
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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.
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