Bitcoin (BTC) and these 7 Altcoins are the top crypto currencies for 2021 according to well-known
Crypto trader Aaron Arnold, known under the pseudonym Altcoin Daily, reveals eight crypto currencies that he believes have massive growth potential for 2021. Not surprisingly, Bitcoin is at the forefront of this. Interesting, however, are certainly the 7 Altcoins, which, besides BTC, adorn his portfolio for the coming year 2021.
Arnold informed his 283,000 subscribers that Bitcoin (BTC) is his first choice for the new year. He refers to an interview in which Daniel Schulman, PayPal’s managing director, describes how Bitcoin is only just beginning by Bitcoin Pro to be accepted by merchants.
I think with crypto currencies you will have more and more benefits. One of the things we’ve allowed is not only do we make it easy to buy, sell and hold crypto currencies, but very importantly, early next year we will allow crypto currencies to be a source of funding for every transaction that takes place at all 28 million of our merchants.
Polkadot (DOT) is the second choice
The crypto dealer points out that the next generation block chain protocol, which enables interoperability, is the most popular network for staking out. Token holders have deposited $3 billion in Polkadot’s validators to get the chance to earn a passive income. Arnold also notes that the Polkadot ecosystem continues to grow in the areas of decentralized financial applications (DeFi), non-fungible tokens (NFTs) and bridges for interoperability.
Ethereum (ETH) is in third place. Arnold expects that the leading smart contract platform will continue to grow with the introduction of ETH 2.0, which promises a new era of staking and scalability.
The decentralised financial darling yearn.finance (YFI) comes in fourth place. Arnold refers to Yearn Improvement Proposal 54 (YIP-54) as a possible catalyst for YFI. With the upgrade, quarterly audits will be conducted to make the management of YFI more transparent. It also allows the creation of an operational fund to buy back YFI tokens and other assets.
Cardano will soon implement 2 major updates
Cardano (ADA) came in fifth place. The influencer believes that the eighth largest crypto currency is preparing to introduce two major upgrades, one of which is the highly anticipated release of Yella.
Yella, also known as IELE, is a virtual machine (VM) and can be used by developers to create DApps in any popular programming software and, once completed, can be converted and executed with Yella…
It also provides support for Solidity, Ethereum’s native programming language, Yella will be the perfect component to convert DApps from Ethereum to Cardano… Earlier, when the CEO of IOHK (Input Output Hong Kong) compared Ethereum’s virtual machine to Yella, he said that the latter would make Ethereum’s virtual machine ‚look like a toy.
Ripple’s XRP is also set to play a bigger role
The number six is XRP. Arnold stresses that he is not personally invested in the third largest crypto currency, but he says Ripple is pushing to make the XRP ledger a fundamental component of the central bank’s digital currency movement.