Altcoin Daily host and Bitcoin bull Austin Arnold is pulling back the curtain on his top altcoin picks for 2021.
Arnold tells Altcoin Daily’s 332,000 subscribers that Ethereum is number six on his list. The crypto trader says that while the leading smart contract platform is often compared to Bitcoin (BTC), the two projects offer unique use cases.
“Ethereum is trying to be something else. It doesn’t have a fixed supply. It’s not the hardest form of money we have. But think of it as a global super computer where anybody anywhere can build on top of [it] without the permission of a middleman… While Bitcoin for the first time in human history gives you the option to be your own bank, Ethereum gives you the option for banking type services like credit and lending without the need for a middle man.”
Coming in at number five is decentralized finance (DeFi) lending and borrowing protocol Aave.