Top analyst Austin Arnold from Altcoin Daily unveils 4 crypto assets under his radar that are concreting their fundamentals for explosive moments till the end of 2021.
Elrond (EGLD)
First on the trader’s list is Elrond (EGLD), a highly scalable, fast and secure blockchain platform for distributed apps, enterprise use cases and the new internet economy.
“Elrond has been seeing amazing success over the past several months and actually the last couple years. Growing out their ecosystem, bringing in users, bringing in builders. This is why I tend to like elrond for an Ethereum competitor.”
The trader highlights that Elrond has announced a 1 billion dollars liquidity incentive program to supercharge the launch of their Maiar DEX DeFi platform.
“This is perhaps the largest DeFI incentive program to date, and represents a strong step toward pushing DeFi adoption beyond the current boundaries of the crypto space, into the mainstream.”
He adds:
“By distributing Maiar DEX ownership to the next billion users, they lay the foundation for a truly global financial system that is accessible to everyone, everywhere.”
Avalanche (AVAX)
Next up on the list is Avalanche (AVAX). According to the trader, Avalanche slided into top 10 as Ethereum users complain about gas fees.
“People are looking for alternatives to Ethereum and Avalanche’s cheap and fast blockchain offers an enticing alternative.”
He further adds the reason for this movement is because Zhu Su, the CEO of Singaporean crypto hedge fund Three Arrows Capital, tweeted that he had abandoned Ethereum despite supporting it in the past.
“While it costs up to $100 and takes a few minutes to swap a coin on Ethereum-based decentralized exchange Uniswap, transaction fees on Avalanche usually cost under a dollar and settlement is near-instant.”
Axie Infinity (AXIE)
The third crypto asset is Axie Infinity (AXIE), a NFT-based online video game developed which uses Ethereum-based cryptocurrency AXS and SLP.
Arnold shares that a gubernatorial candidate from Venezuela has promised to offer Axie Infinity scholarships for citizens interested to join the Technical Training Center for Mining and Administration of Digital Crypto Assets.
“The drive will be supported by four entities, namely the National Superintendence of Cryptoassets, Axie Infinity Academy, the political group Independientes con Terán and the youth of the United Socialist Party of Venezuela. This is a very exciting time to be in this space.”
Floki Inu (FLOKI)
Next on the list is Floki Inu (FLOKI), a meme coin inspired by Elon Musk’s very own Shiba Inu. Recently, Floki Inu has signed a sleeve sponsorship deal with Kerala Blasters FC, one of the top soccer clubs in India.
“With the deal, Floki Inu‘s logo and website will be featured on Kerala Blasters’ kit sleeves in the new Indian Super League season. The deal, which goes into effect immediately, will also have Floki Inu’s brand being LED displayed during home games at the team’s 41k capacity stadium.”
Claiming itself to be a Dogecoin and Shiba Inu killer, the analyst says that Floki Inu is a relatively new memecoin that has blown up in popularity in the past month. Last month the coin ran a marketing campaign where ads for it started appearing in London buses and underground stations.
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