In a recent video, Altcoin Daily, a popular cryptocurrency channel, provided an in-depth analysis of ten cryptocurrencies that have significantly impacted the crypto market. The video presented by Aaron Arnold highlighted the potential of these cryptocurrencies to revolutionize the crypto space. Here are the details…
Altcoin Daily announced the coins to watch out for
The video started with a focus on Cardano, with Arnold discussing Cardano’s founder Charles Hoskinson’s optimistic vision. Hoskinson predicts that Cardano’s native token ADA could surpass Bitcoin, Ethereum and all other cryptocurrencies this summer due to a series of updates and proposals. One of these updates is Cardano’s proposal for CIP-1694, which aims to revolutionize the on-chain governance infrastructure, making the network truly decentralized.
Arnold also highlighted Avalanche’s recent developments, including the launch of Ava Cloud, a launchpad for deploying and scaling private blockchains. Avalanche also took the first step towards multi-chain expansion by launching a Euro stablecoin. Arnold noted that Avalanche has taken significant steps to attract developers and DeFi liquidity. The video also touched on The Graph Protocol’s mainnet, which has seen a 26 percent quarter-to-quarter increase in the number of active sub-graphs over the past five quarters. Arnold pointed out that Ethereum’s stock market balance fell to the lowest level in the last five years. In contrast, he noted that staked Ethereum deposits reached an all-time high of 22.2 million.
There are positive developments for UNI, MATIC, APT
Arnold also discussed Aptos Labs’ partnership with NBC Universal to create a Web 3 game promoting Nicholas Cage’s upcoming movie “Renfield.” The game will offer digital collectibles printed on the Aptos Blockchain. Karate Combat, a project focused on by Joe Rogan, was also mentioned. The project allows players to bet on MMA fights and win prizes. Arnold suggested that this could be one of the first signs of early Web3 adoption.
cryptocoin.com As we have also reported, Uniswap, the decentralized exchange, also attracted the attention of the analyst with the increasing number of monthly active users. On the other hand, Arnold praised Polygon for its success in engaging millions of users in crypto, especially through its partnership with Reddit. Taking advantage of the Polygon multi-chain ecosystem, Reddit has successfully recruited 9.7 million users to its NFT platform in the last 10 months. Finally, Arnold talked about Decentraland’s Metaverse Pride 2023 event, which aims to foster real change with one avatar at a time. The three-day celebration will feature educational experiences and live music performances focused on the Pride community.
