Austin Arnold, a crypto expert, says the four mid-cap altcoin projects have “mad potential” in the long run. While the decentralized finance (DeFi) and lending protocol Compound (COMP) is at the top of the list, let’s examine the other names on the list together…
Austin Arnold’s first altcoin project to see potential: Compound (COMP)
Analyst, Cryptocoin. com, it begins by conveying the news that Compound Labs has launched a new project called “Compound Treasury”. The project is designed to provide non-crypto businesses and financial institutions access to the Compound protocol. For this reason, the analyst especially reserves the first place of the list for COMP, which stands out with its recent development.
Polygon (MATIC) occupies the second place
The next name on his list is Polygon (MATIC), an innovative Blockchain technology that provides Ethereum scaling solution, as noted by the analyst. Also, Polygon recently introduced a new general purpose Blockchain infrastructure called Avail. The analyst summarizes his view for Polygon as follows:
This is my view, Polygon’s proposal to remove layer 2 scaling for Ethereum with Avail, whether on a Sidechain on the Mainchain or as a standalone Blockchain on its own… will help maintain scalability while maintaining the sidechain security of the Blockchain.
Third altcoin: The Graph (GRT)
The analyst’s next name is Ethereum-based indexing protocol The Graph (GRT). A major reason the project is on the analyst’s list is due to The Graph’s partnership with Optimism, an Ethereum scalability solution. Arnold highlights the importance of GRT as follows:
Graph will provide a series of indexing and querying services to developers building on Optimistic Ethereum L2 to help scale Ethereum. Once Optimism is publicly available, Graph will be released on the hosted service and support developers in the Optimism community.
Analyst’s latest project is Decentraland (MANA)
Last on the analyst’s list, Decentraland (MANA) is a decentralized virtual reality world project. The project, which is closely related to NFTs, recently sold MANA worth approximately $1 million on the platform, as Arnold reminds. Stating that this shows that big players are interested in the virtual ecosystem, the analyst ends his list with the following statement:
Even as fiyadollarsar falls, whales are closing their positions and planning for the long-term future.
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