Crypto trader Austin Arnold is shining a spotlight on nine crypto assets that he believes have the chance to go parabolic this May.
The first asset Arnold shares in a new video is the flagship cryptocurrency itself, Bitcoin (BTC).
The analyst highlights that the trillion-dollar asset is attracting institutional investors and facing increased mainstream adoption, as US Bank announces they will custody the asset and Tesla CEO Elon Musk and Twitter CEO Jack Dorsey continue to encourage firms to put the asset on their balance sheets.
Fittingly, the second asset on the trader’s list is also the second-largest asset by market cap, Ethereum (ETH).
“Ethereum looks great in my opinion. From a fundamental point of view, from a technical analysis (TA) point of view, from a narrative point of view.”
Arnold notes that the asset governing the smart contract platform is facing a supply crunch, as more and more ETH is locked up in ETH 2.0.