Aaron Arnold, an skilled crypto dealer, picks his high altcoins for November.
In accordance with the host of Altcoin Each day’s newest YouTube video, Polygon (MATIC) has surged as corporations like Twitter work on tasks that require Ethereum layer-2 scaling options,
“Polygon is on the verge of breaking out and setting new information. This aligns with what we see on-chain as MATIC seems to be able to set new all-time highs.
“Inside a restricted time, body, Polygon has processed over 1 billion transactions on its proof-of-stake chain. That’s an unbelievable accomplishment.
“It couldn’t have been a greater time for Ethereum layer-2 scaling options. With all of the adoption we see, there’s a demand for this,” he mentioned.
Ampleforth (AMPL), one of many unique rebasing tokens, has additionally been launched on Avalanche (AVAX), the good contract platform.
A number of completely different DeFi [decentralized finance] protocols are coming onto the Avalanche blockchain because of Avalanche’s incentives.
Avalanche’s numbers are rising each by way of addresses and transactions, and the community’s each day lively addresses simply surpassed 70,000, which represents a weekly enhance of over one hundred pc.
Arnold believes Filecoin (FIL) and Chainlink (LINK) are additionally promising decentralized databases and peer-to-peer storage protocols.
“I’ve included them simply because they interoperate with most of the trade’s leaders. Sooner or later, there might be a number of chains, there might be interoperation,” he mentioned.
THORchain (RUNE), an open-source decentralized asset liquidity protocol, additionally makes Arnold’s checklist.
This platform is now considered as a preferred place to commerce Bitcoin (BTC) for Ethereum (ETH) and ERC-20 tokens for which KYC-less (know your buyer) is just not required. In accordance with Arnold, the Uniswap alternate could have extra actual Bitcoin than Wrapped Bitcoin (WBTC) by the top of subsequent January.