Six Altcoins Will Make Big Moves in 2022, According to Crypto Trader Austin Arnold

Altcoin Daily co-host Austin Arnold is listing six crypto assets that he says are set to explode this year.

In a new YouTube video, Arnold tells his 1.18 million subscribers that momentum built in 2021 will be key for these altcoins in 2022, starting with smart contract platform Solana (SOL).

“Solana has seen so much success in the past 9 to 12 months.

I suspect in 2022, over the next 9-12 months, that momentum will continue.”

Arnold lists several fundamental factors as to why he expects Solana to continue to grow, mostly focused on the success of the blockchain’s Phantom wallet, which now boasts over 10 million users.

The Altcoin Daily co-host also foresees interoperable blockchain Polkadot (DOT) taking off in 2022, largely thanks to the project’s parachain auctions.

“Assuming companies try to get on Polkadot parachains, which I think they will, by the end of the first batch of auctions somewhere between $4 and $44.5 billion worth of DOT is likely to be locked up for nearly two years, reducing potential sell pressure and circulating supply on the market.”

Looking at proof-of-stake blockchain Cardano (ADA), Arnold suggests that the altcoin’s total development activity in 2021 could be indicative of big gains for the cryptocurrency in 2022.

Moving on to layer-2 scaling solution Polygon (MATIC), Arnold predicts MATIC’s explosive 2021 will translate to continued gains in 2022, referencing a tweet from Polygon co-founder Mihailo Bjelic.

“In 2022, I think this will be the beginning of the year of layer-2s.

I suspect MATIC will continue its momentum in 2022.”

Dear @0xPolygon fam, in 2021 we achieved a lot.

– 100M+ wallets
– 3k+ apps
– 1B+ txs
– 6 new solutions (SDK, Avail, Hermez, Nightfall, Miden, Zero)
– Top Web3 names (Uniswap, Aave, OpenSea..)
– Big brands (D&G, NFL, Macy's..)

Happy New Year, let's keep the magic going!

— Mihailo Bjelic (@MihailoBjelic) January 1, 2022

Moving on from layer-1 and layer-2 altcoins, Arnold predicts Chainlink (LINK) is finally set to explode in 2022 despite not meeting many traders’ expectations in 2021.

While noting that LINK’s price hasn’t recently achieved new all-time highs, Arnold points out that many of Chainlink’s other growth metrics are positive. Arnold expects the release of LINK’s cross-chain interoperability protocol, LINK staking, and an abstraction layer for enterprises to continue to propel Chainlink’s growth into the future.

Lastly, Arnold looks at decentralized finance bluechip altcoin Aave, which recently announced plans to build a mobile wallet.

“All in all, with a set of targets for the first quarter of next year, Aave seems to be gaining momentum, especially as far as ecosystem-centric developments are concerned.

So Aave for sure makes our list today.”

I

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The post Six Altcoins Will Make Big Moves in 2022, According to Crypto Trader Austin Arnold appeared first on The Daily Hodl.