The well-known YouTube crypto channel Altcoin Daily has named Bitcoin, Ethereum, and Cardano as the top three crypto for 2021.
In a new video, Altcoin Daily host Aaron Arnold explains why he is so bullish on these top cryptocurrency.
According to analyst Aaron Arnold, you don’t have to look far into the crypto market to know what to invest in. The main digital assets, Bitcoin, Ethereum and Cardano, will be the highlights of 2021.
Although the BTC, ETH and ADA have seen gains in 2021 but they are still recovering from the fall of May 2021, the analyst believes in the strong potential and hope for major growth in all three of them.
Aaron Arnold Says that at this time there are so many opportunities for crypto investors to pick a top crypto project to onvest:
“There is so much opportunity in cryptocurrency right now. If you missed out on the early years of the internet, you better cherish the early years of Bitcoin, decentralized finance (DeFi) and crypto right now. And just like the early years of the internet, this opportunity will not last forever.”
He further says
“When there is fear in the market, this is an opportunity for greater opportunity and there is fear in the air.”
Bitcoin is stronger than in 2017 and with an update on the way. Benefits of the November 2021 upgrade will be?
- Increased privacy.
- Acceleration of bitcoin transaction rates.
- Reducing the amount of data stored and transferred on the BTC blockchain.
The main altcoin in the market, ETH also has a major update coming. It will include greater acceptance of staking in ETH and will increase the efficiency of Ethereum. That’s because it will completely switch to the Proof of Stake consensus. Furthermore, a large part of ETH is locked in DeFi, which causes greater scarcity of ETH, The lesser the supply of ETH will become, the higher the price will go.
Arnold big bet for the valuation of Cardano are smart contracts. The market is waiting for smart contracts functionality to come to cardano in August 2021. The expectation are high, as the first smart contracts Alonzo test network has been successfully launched.