Crypto investor names three promising digital assets
Crypto investor Austin Arnold believes that Cardano, Chainlink and Avalanche are effective as investment products against the backdrop of a falling market. According to the expert, he considers several factors at once when analyzing such projects.
In particular, the investor pays attention to who and how finances the project, whether the team can create a product in demand. He takes into account the stability of ties with key partners. In addition, the crypto enthusiast analyzes whether the product solves the actual problems of modern society, the number of which may increase in the future.
Arnold believes that the decentralized Chainlink network occupies the first place in the list of projects that meet such criteria. According to the analyst, Chainlink is one of the most stable projects in the bear market.
Also on the investor’s list is the Avalanche smart contract platform, which Arnold called “one of the best projects on the market” and a competitor to Ethereum. The crypto enthusiast believes that this project is effectively different from ETH.
“Ethereum is trying to focus on decentralization, while Avalanche is focusing on scalability and the maximum number of users attracted by the lowest fees,” the investor said.
Arnold is also “very optimistic” about Cardano. He is confident that Cardano’s infrastructure is “really thriving” with more than 5 million NFTs issued on its blockchain.
But the CEO of Soros Fund Management, Dawn Fitzpatrick, believes that after the Ethereum 2.0 update, the crypto coin will be more popular than BTC. She is confident that cryptocurrency projects will continue to develop, especially thanks to the recent initiative of Fidelity Investments.
The company previously released a statement that retiree account holders will be able to invest in bitcoin. This can increase the number of supporters of the crypto community and attract not only the attention of young people, but also the elderly to BTC.
Fitzpatrick also stated that she sees the potential for ETH to beat BTC. We are talking about the transition to a more environmentally friendly Proof-of-Stake mining model.
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