These crypto assets have 10X potential in 2022, according to Altcoin Daily

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Crypto analyst and Altcoin Daily host Austin Arnold showcases his top crypto picks as markets try to shake off a slow start to the year.

In a new video, the closely-followed trader tells his 1.19 million subscribers that he remains interested in Bitcoin (BTC) as an asset despite the massive sell-off the top crypto has suffered since taking it. hit an all-time high above $ 69,000 in November.

“People buy the drop with every trade. Bitcoin leaves trading.

Miners don’t sell their Bitcoin, they keep it.

At the time of writing, Bitcoin is down 2.02% to $ 42,613.

Next on Arnold’s list is the leading Ethereum smart contract (ETH) platform, noting that,

“Ethereum has its own supply shock going on.

The Ethereum 2.0 deposit contract has exceeded $ 30 billion in value. Once [holders] put their ETH in the deposit contract, they cannot withdraw it until it is completely transformed.

Ethereum is down 2.17% on the day and is trading at $ 3,259.

The show host has an eye on the Uniswap Decentralized Funding Protocol (UNI), which was recently rolled out over another Polygon Layer 2 Protocol (MATIC).

“2022 could be the year of diapers 2.”

Uniswap is valued at $ 15.61 while Polygon is trading at $ 2.26.

Another Layer 2 that the Altcoin Daily host is attached to is Immutable X (IMX), a scaling solution for non-fungible tokens (NFTs) that aims to enable near-instant transactions with no gas fees.

Altcoin is down 3.24% on the day and priced at $ 3.55.

Next on Arnold’s list is the open source platform Tezos (XTZ), which has recently partnered with companies. The latest milestone sees clothing giant The Gap releasing NFT collectibles based on the Tezos platform.

“Tezos is definitely an altcoin to watch it do great things.”

Tezos is also down slightly today at $ 4.18.

Looking at the Internet of Things space, host Altcoin Daily highlights the public open source Helium Network (HNT), which recently passed the 450,000 hotspot mark.

Arnold says helium,

” That’s a quality [venture capital]-supported project.

Altcoin is currently priced at $ 32.59, down 7.23% on the day.

Scalable enterprise-grade blockchain platform Elrond (EGLD) is also making the list of crypto assets to watch after acquiring payments provider Web3 UTRUST (UTK), which in turn has integrated EGLD as a form of payment.

“Big win for EGLD.”

Elrond continued the overall daily downtrend and lost 6.57% to $ 196.72.

Latest on the Altcoin Daily dossier is the decentralized exchange platform dYdX (DYDX), which the host notes that it aims to achieve full decentralization by the end of this year.

Currently, dYdX is up 2.38% and changing hands for $ 7.81.

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Featured Image: Shutterstock / wacomka / Andy Chipus

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