Crypto trader Aaron Arnold Bullish on multiple Altcoin projects, predicts continued dominance for Bitcoin and Ethereum

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Altcoin Daily host Aaron Arnold explains why he sees great potential for several mid-cap altcoins while predicting continued success for Bitcoin (BTC) and Ethereum (ETH).

In his latest YouTube video, Arnold tells his 1.11 million subscribers that he expects the Decentralized Helium (HNT) wireless platform to continue to grow.

This project is very strongly VC [venture capital] supported, but in my opinion they have a lot of quality VCs and they do real stuff.

Token scarcity is built into the helium token economy. As the number of hot spots increases and halves occur every two years, the average HNT burned per day by hot spots naturally decreases.

Helium is a blockchain with operational nodes known as Hotspots, a combination of wireless gateway and mining device. HNT is currently trading at $ 52.88.

Recent news on Elrond Network (EGLD) has Altcoin Daily co-host excited about high-speed transactional blockchain.

Elrond Network bridges the gap to this premier centralized stablecoin [Coinbase’s USDC].

And that just speaks to what we see from Elrond on a weekly or monthly basis. Their amount of building, partnerships, gateways, updates, whatever’s like that can’t be ignored.

10 million transactions, 888,000 accounts, 3,200 validators.

Arnold reacts to the announcement that the stablecoin US Dollar Coin (USDC) has gone live on the Elrond platform. EGLDis up 21.6% in the past 14 days, trading at $ 311.85 at time of writing.

The widely followed crypto trader also predicts a great future for the decentralized finance (DeFi) platform Aave (AAVE) after a recent unanimous vote in the community to upgrade the platform to V3 (version 3) .

[Aave] is a leading chip in the decentralized financial lending and borrowing space. They are about to undergo a major upgrade.

If this goes off without a hitch, we’re going to see some major improvements, and it will be good for Aave.

Version three is very sexy once you start to understand it. Basically, you can borrow and lend on different channels.

Despite the upgrade, AAVE is down 8% over the past seven days, currently trading at $ 306.28.

Next, the Altcoin Daily co-host can’t help but discuss the two biggest players in the crypto space: Bitcoin and Ethereum. When it comes to the largest crypto asset by market cap, Arnold is issuing a stern warning to those who ‘sleep’ on BTC.

I would be remiss if I did not point this out to you, as I am very bullish on Bitcoin. Bitcoin’s supply is tightening with each passing day.

Supply shock is no joke. Don’t sleep on Bitcoin ladies and gentlemen.

BTC was trading at $ 63,768 at the time of writing, down almost 3% in the past 24 hours.

Finally, Arnold is arguing for the leading smart contract platform Ethereum (ETH) to continue stealing market dominance from Bitcoin.

Coinbase Q3 results are out. Ethereum volume exceeds Bitcoin volume for the second consecutive quarter.

We were starting to see a change.

The dominance of Ethereums, or the increasing dominance, cannot be denied.

ETHis trading hands at $ 4,635 at time of writing.

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