The host of the popular YouTube channel Altcoin Daily is predicting a surge in six cryptocurrencies next month.
The first on the list is Cardano (ADA), which, according to Aaron Arnold, will see its price rise as a result of the upcoming Alonzo hard fork, which will bring long-awaited smart contract capabilities. Cardano has outpaced Bitcoin and Ethereum in institutional inflows in the last week, according to a report from CoinShares. For the week ending Monday, institutional investment managers have purchased $10 million in ADA products.
The second digital asset on Arnold’s list is Ethereum, which he believes will benefit from protocol updates as well. Furthermore, as interest in cryptocurrency grows, Ether’s dominance grows. According to him, Ethereum’s dominance continues to rise. And also verifiable interest in Ethereum is continuing to rise. People are looking for information on Ethereum and trying to learn more about it, so awareness is growing rapidly.
Bitcoin is ranked third on the cryptocurrency influencer’s list of digital assets expected to rise in June. Bitcoin has been ranging for a while, and He believes it will rally to its next leg up at some point, especially as big money and notable figures like [hedge fund billionaire] Ray Dalio come out in support.
The Ethereum scaling and infrastructure development platform Polygon is the fourth crypto asset on Arnold’s list (MATIC). Polygon’s build quality and user-friendliness are key reasons for his optimism, according to him. In Arnold’s opinion Polygon is the world’s first well-structured, simple-to-use Ethereum scaling and infrastructure development platform.
Uniswap (UNI), a decentralized exchange, is ranked fifth on Arnold’s list. Increased volumes and lower transaction costs, according to the cryptocurrency analyst, are key features of the leading decentralized exchange.
ThorChain (RUNE) is ranked sixth, with Arnold claiming that it is ‘disrupting crypto centralization,’ while oracle service Chainlink (LINK) is ranked last. Arnold compares Chainlink’s initial launch to that of Google’s and predicts that June will be a big month for the company