Four Crypto Projects Make Huge Progress Despite Sideways Markets, Trader Aaron Arnold Says

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Crypto trader Aaron Arnold names four crypto projects that are making big moves regardless of price fluctuations in the market.

In the latest Altcoin Daily video, Arnold tells the channel’s 1.11 million YouTube subscribers that the Avalanche smart contract platform (AVAX) is making “real progress” with its rapidly growing ecosystem of 358 projects over the course of over the past 13 months.

Next on its list is Fantom (FTM), a blockchain platform for decentralized finance (DeFi) and decentralized applications (DApps). According to Arnold, Fantom continues to show signs of strong fundamental growth.

“Fantom continues to grow exponentially. Fantom is a fast and scalable next generation Layer 1 platform. Let’s take a look at some stats: 1.1 million unique addresses, 75,000 active addresses per day, nearly one million daily transactions, 44,000 more smart contracts deployed, and a total value of 5.3 billion dollars locked. “

The crypto-trader is also closely monitoring the Aave lending and borrowing protocol, which recently passed its third iteration (V3). While Aave V3 offers new features, Arnold highlights one feature he believes could be a game-changer for DeFi.

“AAVE, already a blue chip, they are launching their V3 now. It’s packed with tons of new features… Probably the biggest game changer is what’s called Portal, allowing assets to flow seamlessly between Aave V3 markets on different networks, so Ethereum, at Avalanche, at Fantom, at Cardano, in Solana, is what we’re talking about. He’s a great game changer. “

Last on Arnold’s radar is the Chiliz Fan Engagement Token (CHZ). According to Arnold, Chiliz could benefit from Socios’ new partnership with the NFL team, the New England Patriots.

“Chiliz, the first symbolic sporting exchange in the world. The Chiliz token powers the Socios Fan Engagement app, so I’d say it’s probably good enough for Chiliz or projects like Chiliz, and that’s why I’m putting them on our list today, and they look good.

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Featured Image: Shutterstock / zhu difeng

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