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140 shares, 353 points

Popular crypto analyst Austin Arnold says that the momentum gained in 2021, starting with the smart contract platform Solana (SOL), will be key for 6 altcoin projects in 2022. Let’s take a look at Arnold’s predictions and the altcoins he listed.

Austin Arnold: I expect the Solana (SOL) momentum to continue

Arnold outlines a few key factors why he expects Solana to continue to grow, mostly as Blockchain: It focuses on the success of the Phantom wallet, which currently has over 10 million users. The analyst also predicts the launch of the interoperable Blockchain Polkadot (DOT) in 2022, largely thanks to the project’s parachain auctions:

Assuming they’re trying to buy the company’s cool Polkadot parachains, 4 to 44.5 at the end of the first auction batch With a valuation of between $100 billion, DOT is likely to remain locked in for about two years, reducing potential selling pressure and circulating supply. Looking at

  • PoS Blockchain Cardano (ADA), Arnold suggests that the altcoin project’s total development activity in 2021 could be indicative of big gains for the cryptocurrency in 2022. .

Analyst, optimistic on tier 2 altcoin projects

Arnold switched to Layer 2 scaling solution Polygon (MATIC) predicts MATIC’s padollarger 2021 will translate into continued gains in 2022, citing a tweet from Polygon co-founder Mihailo Bjelic:

2022’s start of the second layer (Layer-2) year I think it will.

Arnold, whose analysis we shared as Cryptokoin.com predicts that Chainlink (LINK) is finally ready to paddle in 2022, despite not meeting the expectations of many traders in 2021. Arnold points out that LINK’s price has not been able to reach ATH levels anytime soon, while most of Chainlink’s other growth metrics are positive. The analyst awaits the release of LINK’s cross chain interoperability protocol, LINK staking, and a genealogy layer for businesses to continue driving the growth of Chainlink into the future.

Analyst follows an altcoin project more closely

Finally, Arnold cites DeFi altcoin Aave, which recently announced plans to create a mobile wallet:

All in all, Aave seems to be gaining momentum, especially when it comes to ecosystem-centric developments, with a set of targets for the first quarter of next year.


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