Austin Arnold, co-host of Altcoin Daily, lists six crypto assets that he says will explode this year.
In a new YouTube video, Arnold tells his 1.18 million subscribers that the momentum built in 2021 will be key for those altcoins in 2022, starting with the Solana (SOL) smart contract platform.
“Solana has had so much success in the past 9 to 12 months.
I suspect that this dynamic will continue in the next 9-12 months in 2022. “
Arnold lists several basic factors as to why he expects Solana to keep growing and is mostly focused on the success of the blockchain’s Phantom wallet, which now has over 10 million users.
Altcoin Daily’s co-host also foresees the launch of the interoperable blockchain Polkadot (DOT) in 2022, thanks largely to the project’s Parachain auctions.
“Assuming companies are trying to get Polkadot Parachains, what I think they are worth from $ 4 billion to $ 44.5 billion in DOT by the end of the first auctions is likely to be banned for nearly two years which reduces the potential selling pressure and circulating supply on the market. “
Looking at the Proof-of-Stake Blockchain Cardano (ADA), Arnold suggests that the overall development activity of the altcoin in 2021 could point to big gains for the cryptocurrency in 2022.
Source: Santiment
Moving on to the Layer 2 scaling solution, Polygon (MATIC), Arnold predicts MATIC’s explosive 2021 will result in sustained profits in 2022, referring to a tweet from Polygon co-founder Mihailo Bjelic.
“In 2022 I think this will be the beginning of the year of Layer 2s.
I suspect that MATIC will continue its momentum in 2022. “
Dear @ 0xPolygon fam, We have achieved a lot in 2021. 🙏
– 100 million + wallets
– 3k + apps
– 1B + txs
– 6 new solutions (SDK, Avail, Hermez, Nightfall, Miden, Zero)
– Top Web3 names (Uniswap, Aave, OpenSea ..)
– Big brands (D&G, NFL, Macy’s ..)
Happy New Year, let’s keep the magic going! 🦄💫
– Mihailo Bjelic 💜 (@MihailoBjelic) January 1, 2022
Moving on from Layer 1 and Layer 2 altcoins, Arnold predicts that Chainlink (LINK) will finally explode in 2022, although many traders’ expectations will not be met in 2021.
Arnold points out that LINK’s price hasn’t hit new all-time highs recently, but points out that many of Chainlink’s other growth metrics are positive. Arnold expects the release of LINK’s Cross-Chain Interoperability Protocol, LINK staking, and an enterprise abstraction layer will continue to fuel Chainlink’s growth in the future.
Finally, Arnold is looking at the decentralized financial blue-chip altcoin Aave, which recently announced plans to build a mobile wallet.
All in all, Aave appears to be picking up momentum with a number of goals for the first quarter of next year, particularly when it comes to ecosystem-centric developments.
So Aave is on our list today. “
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