5 crypto assets likely to rise in November – Nairametrics

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Aaron Arnold, a seasoned crypto trader, picks his best altcoins for November.

According to the host of Altcoin Daily’s latest YouTube video, Polygon (MATIC) has grown as companies like Twitter work on projects requiring Ethereum Layer 2 scaling solutions,

“Polygon is about to come out and set new records. This matches what we’re seeing on the channel as MATIC looks set to set new all-time highs.

“Within a limited timeframe, Polygon processed over a billion transactions on its proof of stake chain. It is an incredible accomplishment.

“This couldn’t have been a better time for Ethereum’s Layer 2 scaling solutions. With all the adoptions we see, there is a demand for it,” he said. declared.

Ampleforth (AMPL), one of the original rebasing tokens, was also launched on Avalanche (AVAX), the smart contract platform.

Several different DeFi [decentralized finance] protocols arrive on the Avalanche blockchain thanks to Avalanche incentives.

The number of Avalanche is growing in both address and transaction terms, and daily active network addresses have just passed 70,000, representing a weekly increase of over 100%.

Arnold believes Filecoin (FIL) and Chainlink (LINK) also promise decentralized databases and peer-to-peer storage protocols.

“I included them just because they interact with a lot of industry leaders. In the future, there will be several chains, there will be interoperability, ”he said.

THORchain (RUNE), an open source decentralized asset liquidity protocol, is also on Arnold’s list.

This platform is now considered a popular place to trade Bitcoin (BTC) tokens for Ethereum (ETH) and ERC-20 for which KYC-less (know your customer) is not required. According to Arnold, the Uniswap exchange will have more real Bitcoin than Wrapped Bitcoin (WBTC) by the end of next January.

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