In a new video, Altcoin Daily host Aaron Arnold explains to viewers why he’s bullish on the best Bitcoin cryptocurrency, the best Ethereum smart contract platform, and Ethereum’s closest competitor Cardano as the market crypto is struggling to recover from its crash in late May.
The trader notes that while many projects, including the three mentioned in the video, have increased in value significantly over the past year, there are plenty of opportunities for investors to increase their wealth with the right crypto choices.
“There are so many opportunities in cryptocurrency right now. If you missed out on the early years of the internet, you better cherish the early years of Bitcoin, Decentralized Finance (DeFi), and Crypto right now. And just like the early years of the internet, this opportunity won’t last forever.
On Bitcoin, Arnold is bullish on the flagship cryptocurrency even as it struggles to regain the $ 40,000 price point and the Bitcoin fear and greed index remains in the ‘fear’ zone.
“When there is fear in the market, it is an opportunity for greater opportunities and there is fear in the air. “
Arnold adds that the current sentiment in the crypto markets has nothing to do with what it was during the 2017 crash, in which case everyone expected a short cooling-off period before another stage that did not happen. never came.
Additionally, the Bitcoin taproot upgrade is coming, which will help keep Bitcoin in the news. The upgrade will improve Bitcoin’s privacy, speed up transaction rates, and reduce the amount of data stored and transferred on the blockchain, Arnold said.
Ethereum also has an upgrade coming in 2022, Arnold notes, which will keep the asset in the news. The new version of ETH will not only capture a large part of ETH’s supply, as people are betting their Ethereum on ETH 2.0, but will also increase the efficiency of the blockchain as the platform grows larger. proof of work to a proof of stake consensus. method.
Additionally, much of ETH’s supply is blocked on popular DeFi platforms, causing a new supply crisis for the asset, Arnold adds.
Arnold is also keeping an eye on Cardano for the rest of the year, as the platform prepares to introduce fully functional smart contracts in the coming months. The team recently successfully launched Alonzo’s testnet, illustrating a bullish case for competitor Ethereum led by Charles Hoskinson.
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Image en vedette : Shutterstock/Ellerslie