Recently, the cryptanalyst Austin Arnold, the moderator of the YouTube channel “Altcoin Daily”, named five cryptoassets with the potential to increase in value by 50 times.

In a recently released video, Arnold told the station’s 437,000 subscribers that, as a competitor to Uniswap, he was optimistic about the 1inch (1INCH) decentralized exchange aggregator. He said the platform is hosting a new “vampire drop of air,” aimed at Uniswap users and Mooniswap, attracting investors to jump on the new platform.

Arnold said:

“So this is interesting because you usually send your token to your own users to encourage participation in your own protocol. Well, 1 inch has just gone on the offensive and is sending their tokens to the competitors’ users in an attempt to steal those users. “

Arnold was also optimistic about the Polkastarter (POLS) protocol, which is “a protocol for cross-chain token pools and auctions that allows projects to raise capital in a decentralized and interoperable environment based on Polkadot,” or in Arnold’s words, “a Kickstarter “for cryptocurrencies. “He claimed the platform is already being used by several early DEX offerings (IDOs) such as Polkamarkets (POLK), SuperFarm and Public Mint to bring their tokens to market

The crypto trader highlighted 0x (ZRX), a protocol that facilitates the peer-to-peer exchange of Ethereum-based assets, and Flow (FLOW), a new blockchain designed for the next generation of apps, games and the digital assets that drive them, ”he observed as two other projects. Arnold said the latter would continue to attract media attention along with interest in non-fungible tokens (NFTs) and by offering NBA digital collectibles (like game highlights).

Arnold finished his list with Energy Web Token (EWT), the native token of Energy Web Chain, a “public blockchain platform for businesses designed to meet the regulatory, operational and market needs of the energy sector.” The Altcoin Daily host said companies would find value in the protocol to “decarbonize” international supply chains, including German manufacturer ASA Automation, which has been linked to the platform.

He continued:

“Who is ASA Automation? “ASA Automation is a leading global manufacturer of automation and robotics, supplying equipment and solutions for multinational companies such as Walmart, Nestle, Volkswagen and Pfizer.”

Selected image source: Photo via Pixabay.com

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment or other advice.