2021-07-14 09:46:49

Altcoin Daily Looks at Ethereum, Cardano, and 6 Other Altcoins

Recently, crypto analyst Aaron Arnold, Co-Founder and host of the “Altcoin Daily” YouTube channel, shared his thoughts on Bitcoin, Ethereum, Cardano, and six other popular cryptoassets.

Arnold said he was positive about the launch of version 3.0 of the mainnet for Theta Network ($THETA).

The YouTube host said the update would help improve the platform’s streaming quality and delivery of content. 

Arnold was also bullish on the V3 update for Uniswap($UNI) , which he said has captured 41% of the decentralized exchange market.

Yesterday, Uniswap Labs announced the Alpha launch of Uniswap V3 on Optimistic Ethereum:

However, he predicted that UNI’s primary competitor SushiSwap would also have a strong year following the debut of its non-fungible token (NFT) platform. Arnold said $SUSHI would “do big things” going into the final two fiscal quarters of the year. 




Arnold noted Cardano was leading all altcoin projects on GitHub over the past 30 days in terms of daily developer activity.

The Altcoin Daily host was likewise bullish on Ethereum, saying $ETH had added five million unique addresses to its network over the last thirty days. 

As reported by The Daily HODL, Arnold said, 

Numbers like this, charts like this, cannot be ignored, my friend. The proof is in the data. And finally on ETH, Ethereum gas prices dropped to the lowest rates since March 2020. You can attribute this since the price dropped. However, Coinmetrics says Ethereum gas prices actually began declining before the price of ETH did because ETH has been doing some scaling this year.

Arnold rounded out his top picks with smart contract platform Avalanche ($AVAX), Binance Coin ($BNB), and Sandbox ($SAND) as altcoins to finish out the year on a high note. 

https://www.youtube.com/watch?v=GC8uO_2tcfE?feature=oembed

Disclaimer

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.

Image Credit

Image by Pexels from Pixabay

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