In a YouTube video released on October 26, Arnold the channel’s over one million subscribers that Polygon ($MATIC) would surge in price alongside interest in Ethereum layer-2 scaling solutions, including projects by Twitter. He noted the platform had recently crossed one billion transactions on its PoS blockchain, which he called “an amazing milestone, an amazing achievement.”
Arnold was also bullish on Avalanche ($AVAX), saying the platform was providing “a lot of incentives” for decentralized finance (DeFi) protocols to operate on its blockchain.
The popular trader listed Chainlink ($LINK) and Filecoin ($FIL) as two more altcoins that could dominate in November.
As reported by The Daily Hodl, he said:
I’m adding them just because they are interoperating with a lot of the leaders in this space. I think the future is multi-chain, the future is interoperable.
Another one of Arnold’s top picks was decentralized cross-chain liquidity protocol THORChain ($RUNE), which reached an all-time high recently in volume and liquidity. The Altcoin Daily host said the platform provided a favorable avenue for borderless trading and a work around to know-your-customer (KYC) policies.
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.