Altcoin Daily founder and crypto trader Austin Arnold is naming five crypto assets that he believes are gearing up to print exponential gains this year.
Arnold tells his 469,000 YouTube subscribers that he is keeping a close watch on Synthetix (SNX) after big venture capitalist firms poured money into the derivatives trading platform.
“Both Coinbase Ventures and Paradigm have invested over $12 million into Synthetix DeFi (decentralized finance) platform. It’s actually three prominent venture capital firms bought tokens directly from the DAO’s (decentralized autonomous organization) treasury. This is huge. We’re seeing actual accumulation from these major venture capitalist players of Synthetix.”
Coming in at number four is smart contract platform Cardano (ADA), which is marching towards full decentralization according to Arnold.
“Cardano is now 80% decentralized with an ETA (estimated time arrival) of 100% decentralization on March 31st. That is 50 days away, moving right along.”
The next coin on Arnold’s list is Litecoin (LTC). The crypto trader