Popular Crypto Analyst Explains Why He Expects These 5 Altcoins to Do Well in March
Recently, crypto analyst Aaron Arnold, co-founder and co-host of the “Altcoin Daily” YouTube channel, shared his thoughts on five altcoins that he believes investors should keep their eyes on during the month of March.
Speaking in a recent YouTube update, the Altcoin Daily host outlined his predictions for the best performing altcoins in the coming month. Arnold started with Ethereum ($ETH), saying he was bullish on its position as the “king of layer-1s.”
Arnold noted the large number of different verticals contributing to the “great tokenomics” of Ethereum, including non-fungible tokens (NFTs) and decentralized finance (DeFi). Arnold referenced a tweet showing that the total number of DeFi addresses has topped 4.4 million, up more than 200% from a year ago.
In addition to Ethereum, Arnold highlighted layer-1 competitor Cosmos ($ATOM). He noted a pair of bullish tweets from Erik Vorhees saying that the project was doing “big things” in the industry.
Arnold was also bullish on layer-1 solution Solanan ($SOL), saying that its NFT marketplace Neon was gaining traction, including launching a vending machine in New York City.
As reported by The Daily Hodl, Arnold said,
This might be the most exciting thing you can buy at a vending machine since you were a kid getting those bouncy super balls.
Arnold rounded out his top five picks with the gaming altcoin Splinterlands ($SPS), which recently signed a deal with Warner Music Group, and Avalanche ($AVAX), which received $25 million in institutional investment inflows.
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