Popular crypto analyst and Altcoin Daily host Austin Arnold has highlighted three altcoins for investors to keep an eye on in February.
Speaking in a recent YouTube video, Arnold told followers he was bullish on Cardano and the release of the Goguen Mary update. The update, which is limited to Cardano’s public testnet, is expected to make its official mainnet launch by the end of the month.
Arnold said,
So this a big accomplishment, this is a big reason that the Cardano price is rising this month in anticipation for this and what this means to you is assets can now start to be built on the Cardano blockchain.
Arnold also pointed investors towards snowswap (SNOW), a decentralized exchange that offers yields for liquidity providers. The crypto trader noted the project had recently integrated with popular altcoin chainlink to offer fast oracle on its mainnet.
He said,
Because SnowSwap has integrated the Chainlink fast oracle on mainnet, the integration allows stakers to deposit and withdraw using Chainlink’s decentralized fast gas price oracle as a reference to ensure they’re properly accounting for current Ethereum network fees.
Arnold continued, saying fast oracle would allow SNOW users to insure they are getting the cheapest fees for transactions.
The Altcoin Daily host concluded by highlighting the crypto-asset enjin coin (ENJ), which he said was partnering with blockchain firm Labs Group to tokenize real estate investments. The new collaboration will allow owners to issue non-fungible tokens (NFTs) for traders on Labs Security Exchange.
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