Tag: Altcoin Daily

Cardano Set To Explode, Says Crypto Analyst Benjamin Cowen – Here’s His Extremely Bullish Forecast

by Dailyhodl

Crypto analyst Benjamin Cowen is sharing his insights into Cardano’s (ADA) price action and where he thinks the Ethereum competitor is headed this market cycle.

In an interview with Altcoin Daily hosts Aaron and Austin Arnold, Cowen discusses the future of the seventh-largest cryptocurrency.

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Cowen notes that while one generally expects an altcoin to increase in its USD value during a bull market, it is crucial to note whether the asset is outperforming Bitcoin.

“If an altcoin can’t outperform Bitcoin, then there’s no point in holding it. Can ADA outperform it… ADA outperforms Bitcoin in a bull market.”

Even though ADA may be in a bit of a consolidation phase at present and it is already up over 3,000% in the last 12 months, Cowen reasons that the smart contract platform may increase by over 500% from its price of $1.64 within the current market cycle.

“Going back to ADA, I see this as still a long-term play. Now, buying ADA at $1.37 is much riskier than buying it at $0.02… but in the grand scheme of the cycle, I do think ADA has a ways to go. I don’t think 1.37 is the market cycle top by any means. Market cycle tops don’t look like this.

I think in the grand scheme of the market cycle, I think it’s going to go much higher than where it currently is. If I had to throw a ballpark number out there, I would say somewhere between like $5 to $10 is my guess… If I’m wrong because it goes higher than $10, that’s something I don’t mind being wrong about.”

Although Cowen expects ADA to keep rising against USD, especially after the current Ethereum rally loses some steam, the trader warns that there may be some very steep and harsh pullbacks throughout its ascent.

“I can also tell you too that if we go there, it’s going to be one crazy journey and we’re not going to go straight to those levels. We’re probably going to have some major pullbacks along the way and the way we look at that is noting Ethereum had some pretty major pullbacks last cycle as well… I think it can go those levels, but it’s certainly not going to be an easy ride.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Three Altcoins With Life-Changing Potential Are Blazing Toward Mass Adoption, Says Trader Austin Arnold

by Dailyhodl

Crypto influencer and trader Austin Arnold is uncovering a list of three altcoins that have life-changing potential as they march toward mass adoption.

In a new video, Arnold first spotlights Ethereum competitor Cardano (ADA), which has just locked in impressive partnerships in Ethiopia and Tanzania.

Arnold notes that in Ethiopia the team behind Cardano, Input Output Hong Kong (IOHK) plans to bring its decentralized identity solution Atala PRISM to 3,500 schools in the country, helping smooth out the identification process for five million students.

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In Tanzania, Cardano is also partnering with World Mobile Group to give 100,000 people living in rural areas digital access to mobile internet, digital identity, and financial solutions.

Arnold is impressed with the team’s broad-reaching plans, adding that as the Cardano network expands across the globe, the closer it gets to reaching mass adoption.

Next on the analyst’s list is rebase token Benchmark Protocol (MARK). A rebase token is meant to be an uncorrelated asset with an elastic supply. The MARK token will likely remain at the same price over time, but the quantity of tokens in circulation is constantly fluctuating. Arnold highlights that MARK is an asset that offers stability in periods of high volatility as it functions as an elastic hedging device.

“Benchmark is saying if the world goes to crap, we’re going to need liquidity. And we’re going to need liquidity from something that is truly uncorrelated… The DeFi (decentralized finance) space needs a collateral utility that retains its efficacy and increases inherent baseline liquidity during periods of high volatility.”

Benchmark is officially rolling out its peer-to-peer marketplace on Ethereum and Binance shortly, whitelisting popular assets such as PancakeSwap (CAKE) and Chainlink (LINK). Additionally, Benchmark offers the opportunity for holders to yield form on its The Press platform where users can earn 200% or 300% annual percentage yield (APY).

Benchmark is the lowest market cap asset Arnold mentions, sitting just above a $40 million valuation at time of writing.

The last altcoin that Arnold believes could change lives is Chainlink (LINK), as it locks in a partnership with the UNICEF Innovation Fund to support blockchain applications in emerging markets.

The Chainlink team announced the partnership and details of the initiative in a recent blog post.

“As part of furthering this initiative, we’re excited to award a grant to support the UNICEF Innovation Fund, a pooled fund designed to finance startups building early stage, open-source technology that addresses key global challenges; and the UNICEF CryptoFund, a new financial vehicle allowing UNICEF to receive, hold, and disburse cryptocurrency.”

Chainlink is up 7% at time of writing, breaking above $40 for the first time in the past week.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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9 Crypto Assets Have Parabolic Potential in May, According to Trader Austin Arnold

by Dailyhodl

Crypto trader Austin Arnold is shining a spotlight on nine crypto assets that he believes have the chance to go parabolic this May.

The first asset Arnold shares in a new video is the flagship cryptocurrency itself, Bitcoin (BTC).

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The analyst highlights that the trillion-dollar asset is attracting institutional investors and facing increased mainstream adoption, as US Bank announces they will custody the asset and Tesla CEO Elon Musk and Twitter CEO Jack Dorsey continue to encourage firms to put the asset on their balance sheets.

Fittingly, the second asset on the trader’s list is also the second-largest asset by market cap, Ethereum (ETH).

“Ethereum looks great in my opinion. From a fundamental point of view, from a technical analysis (TA) point of view, from a narrative point of view.”

Arnold notes that the asset governing the smart contract platform is facing a supply crunch, as more and more ETH is locked up in ETH 2.0.

The third coin Arnold mentions is Polygon (MATIC), a layer-2 scaling solution for Ethereum that aims to lighten the load on Ethereum’s network, offering a solid value proposition as the ETH platform balloons.

MATIC has skyrocketed in price as of late, increasing by over 100% in the past seven days.

Next on Arnold’s list is Ethereum competitor Cardano (ADA), which just locked in a partnership with the Ethiopian government.

“The sentiment around Cardano cannot be ignored, narratives and sentiment drive so much of the price in cryptocurrency.“

The trader adds that when Altcoin Daily polled its Twitter followers to see which Ethereum competitor has won the favor of crypto enthusiasts, Cardano overwhelmingly won over the majority.

Next up is Binance Coin (BNB). Arnold highlights that the Binance trading platform, where BNB can be used to offset trading fees, will soon allow users to trade Apple, Microsoft and MicroStrategy stocks. Beyond that, Binance announced that they will be launching their own non-fungible token (NFT) marketplace in June, allowing them to possibly take a slice of the growing sector.

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Top oracle project Chainlink (LINK) comes in at number six on Arnold’s list. He notes that Chainlink can operate on every blockchain, and is the crypto price oracle that “everyone” uses. Additionally, Arnold believes that LINK looks good from a TA perspective as well.

Seventh on the trader’s list is VeChain (VET), which Arnold says is “morphing into what people want” by offering non-fungible tokens (NFTS) and playing into the growing popularity of unique digitized art, land and gaming assets.

Aave comes in at number eight, as it aims to bring yield-farming to its decentralized finance (DeFi) platform, enticing users to migrate to its v2 platform.

Finally, Arnold highlights Injective Protocol (INF), which is essentially a decentralized version of Robinhood with support from crypto fund Pantera Capital and Shark Tank star Mark Cuban, notes the analyst.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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These Crypto Assets Could Surge 100x, According to Altcoin Daily

by Dailyhodl

Altcoin Daily hosts Austin and Aaron Arnold are naming coins that they say have the potential to rally as much as 100x.

In a new video, the YouTubers and crypto analysts tell their 656,000 subscribers that crypto research tool and data analytics platform Messari can provide traders the opportunity to find out which low-cap coins have caught the attention of large venture capitalist funds.

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The Arnolds explain that sifting through these crypto hedge fund investments could lead traders to the next coin that is set to rally by 50x, 75x, or even 100x.

Coinbase Ventures is one fund that has a few smaller market cap investments under its belt.

Aaron highlights that the lowest market cap assets that Coinbase Ventures holds are non-fungible token project (NFT) Rarible (RARI) and social influencer engagement platform Rally (RLY).

The NFT marketplace Rarible’s RARI token has skyrocketed in value in the past six months from a low of around $1.50 to a high of $46.70, but its market cap still stands at only $80 million.

Rally, which is a network that allows influencers to create fan engagement tokens and generate fan participation, is sitting at around a $123 million market cap and is up from an all-time low of $0.045 to a high of $1.40.

The Arnolds are also looking at Pantera Capital’s low-cap picks, which include Injective Protocol (INJ) and API3. The pair notes that Pantera holds some additional assets that are lower in market cap. However, those coins’ origins date back a bit too far to make them compelling investments during this bull market, in their opinion.

Injective, which is a decentralized derivatives platform, is currently sitting at a $176 million market cap, up 1,915% from its November 2020 low of $0.65 to its current value of $13.10. Chainlink (LINK) competitor API3 is hovering at a $160 million market cap, up 627% from its November low of $1.04 to its trading price of $7.57 at time of writing.

Finally, the pair investigates PolyChain Capital’s low-cap picks, which are decentralized privacy layer NuCypher (NU), decentralized virtual private network (VPN) Orchid (OXT) and another privacy layer Keep Network (KEEP).

NuCypher is sitting just under a $200 million market cap, while Orchid and KEEP are evaluated at just under $300 million.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Major Price Manipulation Incoming for Bitcoin and Ethereum, Says Crypto Trader Austin Arnold

by Dailyhodl

Altcoin Daily host Austin Arnold is warning that the crypto markets could play host to some major price manipulation in the coming months.

In a new video, the crypto trader says that the introduction of Bitcoin micro futures (contracts for 0.1 Bitcoin) by the Chicago Mercantile Exchange (CME) in May could allow traditional markets actors to influence the price of BTC without having to actually own or hold it.

The contracts target retail investors, and provide a completely legal way for investors to manipulate the price of the flagship cryptocurrency, notes Arnold.

Futures contracts are known to be vulnerable to “spoofing” whereby many contracts are opened with no intention of being executed, creating false bearish or bullish sentiment. The expiration dates of BTC futures contracts have also long been speculated to be associated with dips in the price of Bitcoin.

“Ultimately, if the big guys are able to do this with what the CME contracts offer now, this is a good thing, because it does give the little guy equal exposure to these derivatives. This is [also] a bad thing because it will lead to market manipulation. With CME cryptocurrency futures, investors/traders aren’t required to actually ever hold Bitcoin. You do not need a digital wallet because Bitcoin futures are financially settled, meaning settled in fiat, and therefore do not involve the exchange of actual Bitcoin.” 

Arnold says that while the CME just has micro futures for Bitcoin as of now, they also have regular-sized contracts for Ethereum which are already trading at significant volume levels.

“While there are only micro contracts for Bitcoin right now, the CME does already have regular contracts for Ethereum. The exchange also launched Ethereum futures contracts last month and those have seen around 767 contracts traded on average each day or equivalent to around 38,000 Ethereum on average traded each day since launch… So whether you hold Bitcoin, or whether you hold Ethereum, this does affect you.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Here Are the Top 8 Crypto Assets Primed To Soar Higher, According to Altcoin Daily

by Dailyhodl

Altcoin Daily co-host Aaron Arnold, is revealing the channel’s list of top crypto assets that are primed to soar higher.

In a new video, Arnold starts his list off with the world’s leading cryptocurrency, positing that Bitcoin (BTC) is getting ready to ignite its next leg up in the bull run.

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Arnold cites on-chain data analyst Willy Woo who recently tweeted that the $54,000 level is the “strongest area of BTC price discovery by long-term investors since $11,000.”

“Typically, BTC forms a strong base of price discovery 2-3x above the (prior cycle) all-time high before launching into bull market highs.”

Number seven on Arnold’s list is Ethereum (ETH). According to the crypto influencer, ETH’s recent run-up to all-time highs is a massively bullish signal for the rest of the altcoin market.

“Ethereum is now above $2,000. Ethereum exchange reserves keep depleting. Ethereum [is] continuing to go higher – this is very bullish for altcoins. If Bitcoin was the only thing moving up, then it’d be hard to be bullish on altcoins, but with Ethereum moving up, [we’re] very bullish on altcoins.”

The next coin on the analyst’s radar is Compound (COMP) which he calls one of the “OG DeFi (decentralized finance) protocols.”

Arnold points to COMP’s bullish price action of late and the recent movement of $1.3 billion worth of ETH into Compound by a single crypto whale to justify putting COMP on his list.

“Taking a look at Compound’s price, [around] $500… To me, this looks like it is in a bull trend.”

Coming in at number five is yearn.finance (YFI). Arnold references the yield aggregator’s recent release of a DAO payroll, and asserts that “the price is moving up and to the right, ready to burst through all-time highs.”

The fourth coin gearing up for the next leg of its bull run is Cardano (ADA), according to the trader.

Arnold notes that Cardano developers recently enabled the minting of non-fungible tokens (NFTs) on the smart contract platform. The news makes “Cardano one to watch,” as demand for the unique digital assets rises and high profile celebrities like Snoop Dogg and The Weeknd enter the space.

Next up is Ethereum competitor Polkadot (DOT). Arnold likes the fact that Coinbase Ventures, the investment arm of the US-based crypto exchange, is getting behind Acala. Acala is an Ethereum virtual machine compatible blockchain that is building a suite of DeFi applications on the Polkadot network.

“Coinbase Ventures backing you? That’s bullish in my opinion.”

Arnold also takes note of Kraken CEO Jesse Powell’s recent Polkadot shout-out on Bloomberg Markets and Finance.

“Normally, you only hear these exchange CEOs go on TV and talk about Bitcoin or Ethereum, which is why I was pleasantly surprised to hear Jesse of Kraken endorse Polkadot.”

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Coming in at number two is Theta. The delivery network for video content has recently integrated with Anime streaming channel Cinedigm. The channel uses Theta’s TFUEL cryptocurrency as a reward for sharing or watching content.

“[It] might need to correct more, but Theta has a lot of venture capitalist (VC) money and big names backing it. Partnered with Samsung, they are one to watch.”

The number one coin that Altcoin Daily believes is getting ready to explode is NFT platform Ethernity Chain (ERN), which has just recently partnered with Hong Kong-based crypto investment firm Kenetic Capital. Ethernity Chain’s focus is minting digital trading cards for athletes, artists, and influential brands.

“Guys, NFTs, in general, are moving up and to the right. Now Ethernity specifically, very new, and it’s actually in a little bit of a dip. If I had to speculate, if I had to guess, near the end of the year Ethernity will be higher.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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12 Altcoins Have Massive Potential To Erupt in April, According to Crypto Trader Austin Arnold

by Dailyhodl

Cryptocurrency trader and influencer Austin Arnold is naming 12 altcoins that he believes are set to explode next month.

In a new video, Arnold kicks off the list with virtual real estate platforms Decentraland (MANA) and Sandbox (SAND). The crypto trader argues that the platforms will grow astronomically as the virtual real estate space sees mainstream adoption.

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“The world is trending more digital and Decentraland and the Sandbox are setting themselves up to be major players in this VR virtual real estate revolution.”

Arnold names indexing protocol The Graph (GRT) as another altcoin that has potential in 2021.

“If Ethereum or Cardano or Polkadot or any of these smart contracts DApp platforms are to be the decentralized supercomputer of the world, we’re going to need a way to query all that information. And that is exactly what The Graph is aiming to do.”

Another altcoin that is set to surge according to the crypto trader is video streaming blockchain Theta (THETA), which recently postponed its mainnet launch to June to add more features.

“The reason they are pushing this until June is the company stated that its development team is still working to incorporate some building blocks for a non-fungible token, or NFT marketplace for the Theta mainnet 3.0.”

Decentralized exchange Uniswap (UNI) also holds potential according to Arnold, as it is introducing features that will make it “way more attractive” to liquidity providers.

The second-largest cryptocurrency Ethereum (ETH) also makes it onto Arnold’s list as it gathers more investor interest.

“Big money is going to continue to gobble up Ethereum because the barrier to entry just became so much easier.”

According to Arnold, Cardano’s (ADA) planned foray into Africa through public-private partnerships is good news for the price of the smart contract platform as it puts the fifth-largest crypto asset in a position to grow its ecosystem.

The crypto trader next names TrustSwap (SWAP), a project that calls itself “the complete DeFi (decentralized finance) ecosystem,” as yet another altcoin that is set to surge in April. Arnold argues that TrustSwap’s expansion to other blockchains besides Ethereum and Binance Smart Chain (BSC) is its biggest selling point.

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“Very cool to see projects making progress and it’s not just BSC. They’re going to Avalanche (AVAX), Algorand (ALGO) and more to be determined.”

Decentralized exchange Polkastarter (POLS) and cross-chain NFT protocol SuperFarm (SUPER) are the other altcoins that Arnold says could skyrocket as the decentralized finance space balloons.

Arnold also names decentralized oracle network Chainlink (LINK) as an altcoin with a lot of upside as it recently attracted decentralized peer-to-peer file storage network Filecoin (FIL) to its ecosystem.

“Chainlink has officially integrated with Filecoin to now allow Filecoin to connect to smart contract-enabled blockchains. So Filecoin, like any DeFi altcoin, needs to be able to interoperate, needs to connect to the outside world and they chose Chainlink to allow them to make this happen.”

Interoperability and scaling framework Polygon (MATIC) rounds off the crypto trader’s list due to recent efforts to reduce gas costs for users.

“They have recently partnered with Ocean Protocol for lower gas fees. So we are seeing the ecosystem that is Polygon continue to grow.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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7 Gaming Altcoins Are Set To Explode, Says Crypto Trader Austin Arnold

by Dailyhodl

Crypto expert Austin Arnold is ranking his top gaming altcoins of the 2021 bull cycle.

In a new Altcoin Daily video, Arnold names Decentraland (MANA) as his number one pick of the sector.

Arnold notes that Decentraland is teaming up with his second and third picks, Atari (ATRI) and Decentral Games (DG) to bring an in-world casino to the Decentraland network. The casino will feature popular Atari games which users can play with the ATRI, DG, or DAI stablecoin.

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All three projects skyrocketed in value upon the news with DG and MANA up over 200% in the past 30 days and ATRI up roughly 70%.

While it is not a gaming token, Arnold also mentions Ethereum (ETH), as it is instrumental to the industry. The analyst notes that ETH is still significantly undervalued as it continues to play host to most of the valuable projects in the crypto space.

“My general thoughts on Ethereum is there’s no way, whatever point in the bull market this occurs, is there’s no way Ethereum doesn’t outperform Bitcoin at some point during this bull market. Tons of people are being introduced to cryptocurrency whether it’s through gaming, whether it’s through non-fungible tokens (NFTs), and all of those people have to go through Ethereum.”

Coin number four on the trader’s list is Chain Games (CHAIN). Chain Games labels itself the Chainlink of the gaming world and it is soon adding support for wildly popular games such as Fortnite, NBA 2k, FIFA and CSGO.

Next up is Enjin (ENJ), which Arnold notes has recently partnered with Microsoft to bring NFTs to Minecraft. Though the trader is bullish on the project, ENJ is currently in a heavy bull trend and has jumped over 3,000% in the past year.

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Arnold also has his eye on RedFox Labs whose RFOX token serves as the universal token within the RedFox ecosystem and acts as a bridge over to the WAX (WAXP) network. According to the crypto analyst, RFOX is building an ecosystem of interoperable, tournament-based video games that uses emerging technologies.

The last token the trader believes will do well amid the altcoin gaming token buzz is Game Credits (GAME). Game aims to be the currency of the e-sports industry and provides a user-friendly experience for those who wish to build NFTs, but don’t have a solid knowledge of blockchain technology.

Game Credits has the lowest market cap of any of the assets on Arnold’s list at just above $16 million.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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9 Crypto Assets Have Massive Potential in March and April, According to Altcoin Daily’s Austin Arnold

by Dailyhodl

Altcoin Daily host and crypto analyst Austin Arnold is listing the top projects that he has on his radar in the coming weeks.

In a new video, Arnold tells his 562,000 YouTube subscribers that Ethereum (ETH) is the number one project he is keeping an eye on over the coming period.

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The trader highlights that the Ethereum team plans to execute its Berlin update, which includes optimizations to gas fee usage, next month. The crypto analyst adds that recently, Ethereum co-founder Vitalik Buterin said he believed the smart contract platform would be ready to scale by 100x in the next few weeks.

Next up is another blue-chip asset, Charles Hoskinson’s smart contract platform Cardano (ADA).

“The fact is Cardano’s ecosystem is getting built out… Again I tell you, Cardano today is so much different than Cardano four years ago. We have four years of research and development, we have the transition from Byron to Shelly, the possibility to issue tokens now, smart contracts in a few months, growing user base, higher inflation… Cardano is one to watch.”

Third on the trader’s list is the large-cap Bitcoin fork, Litecoin (LTC), which he says is gearing up for the privacy-centric MimbleWimble update. Arnold also notes that the number nine top crypto by market cap usually does well in a bull market claiming that the cryptocurrency “might have the best risk-adjusted return over the next months.”

Chainlink (LINK) comes in fourth on the analyst’s list. Arnold shares a recent Citigroup report that shines a favorable light on the number one decentralized oracle project.

“A recent report by Citigroup forecasted that Chainlink may gain prominence over Bitcoin… LINK as a token in the Chainlink ecosystem could increase as blockchain continues to thrive globally over time.”

The fifth, sixth and seventh altcoins on Arnold’s watchlist are Polygon (MATIC), Skale Network (SKL) and SushiSwap (SUSHI) which all launched on Coinbase this week and may pump even further on the news.

Cook Protocol, a sponsored project, is on the verge of an initial decentralized exchange (DEX) offering and Uniswap listing, notes Arnold. The project, which seeks to create an unparalleled user-friendly asset management platform, is “well funded” and has received support from prominent decentralized finance (DeFi) market maker DuckDAO.

Finally, coming in at number nine is a non-fungible token (NFT) project that has seen huge growth of late, Chiliz (CHZ). The CHZ token is up over 10,460% on the year.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Bitcoin (BTC) $ 39,522.59 1.85%
Ethereum (ETH) $ 2,169.89 3.53%
Litecoin (LTC) $ 72.71 1.25%
Bitcoin Cash (BCH) $ 230.95 2.33%