The market is in red, but some altcoins are demonstrating tens of percent growth, including such as Aave (AAVE), Compound (COMP), Hedera Hashgraph (HBAR), Nem (XEM), Nexo (NEXO), VeChain (VET), Waves (WAVES), Zilliqa (ZIL).
Most of them are crypto projects that have a certain functional value. Observers believe that their growth is due to the institutional investors who came on the crypto market with knowledge of the market and the features of the main cryptocurrencies. If this situation continues, it is possible that in 2021 we will see the altcoin season. Experts are already making attempts to identify growth leaders.
On his Altcoin Daily channel, crypto strategist Austin Arnold lists the TOP-10 coins that he believes could show explosive growth in the next year. They are Smart Contracts Platform Cardano (ADA); NFT platform Trustswap (SWAP); Tezos (XTZ) as a platform for STO (security token offering); VeChain (VET) due to partnership with KnowSeafood project; Injective Protocol (INJ) – a possible pioneer of decentralized derivatives trading; Binance Coin (BNB) – due to the activity of CZ and Binance exchange; Uniswap (UNI) as a decentralized exchange token. In addition, the expert is confident that next year the three leading cryptocurrencies – Bitcoin, Ethereum, and XRP (Ripple) – will rise steadily. Here’s how Arnold explained his choice of altcoins.
Cardano, a smart contract platform, is about to hard fork to improve security and transparency.
Non-fungible tokens (NFT) have unique identification information in smart contracts and cannot be replaced with other tokens. The Trustswap platform makes it possible to exchange them and at the same time returns the commission to the community.
The European film company Logical Pictures will soon hold its STO on the Tezos platform, this will highly likely cause the growth of the XTZ token.
VeChain could grow as the KnowSeafood project is launched on its blockchain. KnowSeafood tracks marine products produced by farmers.
The Injective Protocol has successfully launched a testnet and is likely to launch its platform for DeFI and possibly it can repeat the success of decentralized finance.
The Binance exchange maintains a high rate of its token due to its high trading volume. At the end of November, spot trading was $ 858 billion, and futures trading was $ 991 billion.
Uniswap’s UNI token is on the list because more than half of the addresses in the DeFi space are in Uniswap. Decentralized exchanges are being developed and will become more popular next year, according to the expert.