Austin Arnold, a Youtuber who runs the “Altcoin Daily” channel, has released some predictions regarding altcoins. In a recently released video, Arnold thinks traders and investors should pay close attention and stay on Cardano's radar for the year 2021.
Cardano in the Top Altcoin List
Analyst Arnold has chosen Cardano (ADA) as the first cryptocurrency of his personal ranking of the Top Altcoins this year. However, it is no mystery that the bi-currency made significant gains (over 300% in the past 30 days). Furthermore, the Cardano team is also committed to improving the project's interoperability with other blockchain projects.
Additionally, the platform is preparing to launch Mary hardfork. According to the announcement of the developers of Cardano (ADA) IOHK, Mary hardfork will bring native tokens and multi-asset support to the blockchain starting from the first days of March 2021. Furthermore, the project will have a positive impact on the price of ADA tokens. According to quotation in real time, the ADA price is $ 1,26 at the time of writing.
The chart of the currency in question shows the excellent performance of ADA since the beginning of the year. However, the price of ADA is expected to reach over $ 1,6 in the next 7 days, as predicted. Additionally, ADA hit a new all-time high of over $ 1,48 on February 27, 2021.
On the other hand, Arnold added that Polkadot (DOT), The Graph (GRT), Pancake (CAKE) and Ethereum (ETH) are also some of the altcoins that have a big bullish trend for this 2021.
More altcoins with enormous potential
According to Arnold, DOT, GRT, CAKE and ETH are other altcoins that have a chance to do very well this year. However, these altcoins are expected to show strong performance in 2021. In detail, ETH has risen to over 57% this month, making a new ATH of $ 2.036.
Additionally, the price of DOT at $ 31,78 has resulted in a 93% increase over the past 30 days. Additionally, the released roadmap of Polkadot projects will keep this promising crypto ecosystem in the market's eye.
This month, GRT's price caused gains of over 200% for its cryptocurrency holders at nearly $ 1,61 per unit. Furthermore, GRT is the decentralized protocol for searching and indexing information on different blockchains.
Additionally, the CAKE price is $ 9,59 which posted a 600% gain this month. Furthermore, the token has become the second largest Dex platform in the world. Finally, ETH is the latest cryptocurrency that could deliver huge gains in March with the launch of a CoinShares ETP, estimated at $ 75 million.
Furthermore, analysts also cite Uniswap, Filecoin and Celsius as some of the best coins that will have a big bull run in the year 2021. Recently, the cryptocurrency market is also showing bullish signs on the 2021 Lunar New Year.
And you have already made your investments. Are you focusing only on trading bitcoins or other cryptocurrencies too? Let us know in the comments below.