Altcoin Daily host Aaron Arnold is noting 4 Ethereum rivals that he expects to rise in 2021.
The crypto trader tells his 900,000 YouTube customers that as Ethereum (ETH) grows, some its rivals will bring in interest.
“I think in a world where Ethereum is so valued and my investor’s thesis for Ethereum is playing out. I believe that individuals are going to hypothesize and look to these Ethereum interoperators and competitors. Not all them, but the “blue chips,” the ones that have good metrics or good ideas choosing them.”
First on Arnold’s list is the wise agreement platform Solana (SOL). He points to the Solana-powered variation of the dollar-pegged stablecoin USDC, which just reached a $1 billion in flow, as an indication of the platform’s early adoption.
“Solana continues to dominate the market. They are building like no other which’s why they make the list today.”
Arnold names Polkadot (DOT) as the second ETH competitor that he thinks is set to rise.
“So all eyes are on Ethereum right now. All eyes are even on Cardano today. Barely any eyes on Polkadot. And to me that screams chance.”
Cardano (ADA) is the third altcoin on Arnold’s list. The crypto analyst says that the fifth-largest cryptocurrency by market cap could move higher as the platform’s wise agreement launch approaches.
“Cardano is looking terrific, particularly entering into this next month, particularly entering into smart contracts. Cardano’s testnet is finally ending up being smart-contract compatible and in about a month or 2, absolutely before the end of the year, they are going to go full smart-contract compatible. So I’m bullish on Cardano.”
High throughput blockchain Elrond (EGLD) is the final ETH rival on Arnold’s list.
“Elrond, actually type of comparable to Chainlink (LINK), continues to incorporate, continues to make collaborations. Elrond is constructing just as fast– and they’re ecosystem is broadening simply as quick– as a [sic] Solana, as an [sic] Ethereum.”
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