In a recent video, crypto analyst Austin Arnold, Co-Founder and host of the “Altcoin Daily” YouTube channel, named six altcoins on Coinbase that he believes have the potential for huge gains in 2021.
In this article, we highlight some of his comments regarding these cryptoassets.
Uniswap ($UNI)
“Uniswap, the decentralized exchange (DEX), is going to become way more efficient, way cheaper as an automated market maker. In fact, they say, ‘It’ll be the most flexible and efficient automated market maker ever designed’ with the release of UNI v3.“
Yearn.Finance ($YFI)
“… value locked by vault type is at an all-time high, even bigger than what we saw at the end of 2020. And while the value locked up is peaking, the price of the YFI token has not yet returned to all-time highs.“
Decentraland ($MANA)
“Decentraland is gearing up to be a major player out of the coins on Coinbase.”
Universal Market Access ($UMA)
“[UMA] is looking to disrupt the derivatives market in a decentralized way… This is just automating and decentralizing something that the traditional market already has. Only now there’s no gatekeeping.“
Cardano ($ADA)
“… will developers choose to build on Cardano? Well, most people aren’t talking about this, but you will be able to write smart contracts on Cardano in a multitude of languages within 6 months… Do you get it? Ethereum offers one coding language, Cardano offers them all.“
Chainlink ($LINK)
“While it has been dominating in the Ethereum ecosystem, it’s about to dominate in the Polkadot ecosystem as well.“
Featured Image Credit: Photo via Pixabay.com
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.
