Milky Crypto News
  • Home
  • Live Coin Market
  • Live Exchange Market
  • Crypto News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Blockchain
  • Regulation
  • Trading
  • Scams
No Result
View All Result
  • Home
  • Live Coin Market
  • Live Exchange Market
  • Crypto News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Blockchain
  • Regulation
  • Trading
  • Scams
No Result
View All Result
Milky Crypto News
No Result
View All Result

Here Are Nine of the Hottest Crypto Assets Right Now, According to Trader Elliot Wainman

May 17, 2021
in Trading
Reading Time: 3min read
A A
0
Here Are Nine of the Hottest Crypto Assets Right Now, According to Trader Elliot Wainman
0
SHARES
2
VIEWS
ShareShareShareShareShare

Crypto investor and analyst Elliot Wainman is running down his list of top crypto projects for the month of May.

In a new video, Wainman first lists smart contract platform and Ethereum competitor Cardano (ADA).

The trader notes that it may be time for Cardano to swell in price on the heels of Ethereum’s popularity, which inevitably comes with high gas fees.

Although Cardano’s smart contract functionality will not be ready until August, Wainman also notes that as concerns over crypto’s environmental impact swirl, Cardano could gain traction as the answer to some of the perceived energy issues embedded in blockchain technology.

“Now is high time for Cardano to do its thing. Cardano is in many ways the most popular ETH killer as it has this rambunctious and dedicated following…

Cardano is certainly in pull-position to be considered a green currency as they use a tremendous amount less energy consumption in maintaining the Cardano blockchain.”

Second on the trader’s list is another Ethereum competitor, Polkadot (DOT), which the Wainman notes has been consolidating for a lengthy period now.

Polkadot parachains, which will help bring smart contract functionality to the blockchain, are just around the corner, notes Wainman. The trader predicts that the parachain auctions will suck up a huge portion of the DOT supply as the asset is staked by projects attempting to win a coveted parachain slot.

Polkadot sandbox project Kusama (KSM) is another asset that will benefit from the advent of parachain auctions in the near future, adds Wainman, perhaps even more than DOT.

Next up, Wainman spotlights scalable blockchain Cosmos (ATOM), which the analyst points out has not rallied as hard as other top chains during this bull cycle. As such, Wainman says he “wouldn’t be surprised to see ATOM make a move” after consolidating since February.

The fifth asset on Wainman’s list is low-cap gem Freeway Token (FWT), the native asset for the AuBit network. AuBit allows traders and investors to buy synthetic assets in a decentralized manner.

Wainman notes that FWT is on track to shortly offer users “juicy staking rewards,” but also warns traders to be cautious when investing in lower-market cap projects, encouraging viewers to conduct their own research before jumping in.

Decentralized finance (DeFi) veteran yearn.finance (YFI) is the seventh asset Wainman highlights, noting that it appears ready to break out and lead the way into another DeFi summer.

The final three assets on Wainman’s list are DeFi assets Oiler (OIL), Chainlink (LINK) and Terra (LUNA). On-chain trading protocol Oiler is the lowest market cap of the three, sitting at just below a $30 million market cap.

Looking at Chainlink, Wainman notes that he expects the top oracle project to double in price before the close of the bull cycle, possibly striking up toward $100. Additionally, decentralized financial infrastructure LUNA is offering impressive staking rewards to users and may encounter a huge rally in the near future.

l

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines

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.

Featured Image: Shutterstock/Melkor3D


Credit: Source link

ShareTweetSharePinShare
Previous Post

Bitcoin Stock-to-Flow Still ‘Intact’ Says Creator, Crypto Fear Index Taps 12-Month Low – Market Updates Bitcoin News

Next Post

Bitcoin Dominance Slips To 3-Year Low As Liquidation Hits $2.5 Billion Longs

Related Posts

Little-Known Altcoin Explodes 207% After Surprise Listing From Crypto Exchange Giant
Trading

Little-Known Altcoin Explodes 207% After Surprise Listing From Crypto Exchange Giant

April 1, 2022
Institutional Investors Are Storming Back to Bitcoin and Ethereum From Altcoins, Says New CoinShares Survey
Trading

Institutional Investors Are Storming Back to Bitcoin and Ethereum From Altcoins, Says New CoinShares Survey

April 1, 2022
Crypto Traders Are Looking for ‘Alpha’ in the Wrong Places, According to Top Strategist
Trading

Crypto Traders Are Looking for ‘Alpha’ in the Wrong Places, According to Top Strategist

April 1, 2022
Top Analyst Updates Bitcoin (BTC), Litecoin (LTC) and Dogecoin (DOGE) Forecasts As Crypto Markets Pause
Trading

Top Analyst Updates Bitcoin (BTC), Litecoin (LTC) and Dogecoin (DOGE) Forecasts As Crypto Markets Pause

March 31, 2022
Load More
Next Post
Bitcoin Dominance Slips To 3-Year Low As Liquidation Hits $2.5 Billion Longs

Bitcoin Dominance Slips To 3-Year Low As Liquidation Hits $2.5 Billion Longs

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Malice Or Ignorance? The New York Times Keeps Printing Lies About Bitcoin Mining

Malice Or Ignorance? The New York Times Keeps Printing Lies About Bitcoin Mining

March 26, 2022
‘No Plan to Issue CBDC’ — Bank of Japan Governor – Featured Bitcoin News

‘No Plan to Issue CBDC’ — Bank of Japan Governor – Featured Bitcoin News

March 31, 2022
Crypto.com Lists Two Small-Cap Altcoins, Including One Red-Hot DeFi Project Up Nearly 370% This Month

Crypto.com Lists Two Small-Cap Altcoins, Including One Red-Hot DeFi Project Up Nearly 370% This Month

April 1, 2022
Four Altcoins on Ethereum Soar 70% or More in Seven Days As Bitcoin Tests $52,000

Three Low-Cap Altcoins Explode Over 52% or More in Just One Day As Bitcoin (BTC) and Ethereum (ETH) Build Strength

March 28, 2022
Lionel Messi – The New Brand Ambassador For Socios.com

Lionel Messi – The New Brand Ambassador For Socios.com

March 30, 2022
Crypto-Related Firms Should Treat Crypto Custody Arrangements as Liability: US SEC

Crypto-Related Firms Should Treat Crypto Custody Arrangements as Liability: US SEC

April 1, 2022
Milky Crypto News

This is an online news portal that aims to provide the latest crypto news and real-time updates around the world. Feel free to get in touch with us!

What’s New Here!

  • US Senator Cruz Introduces Bill to Prevent Federal Reserve From Using Digital Currency as Surveillance Tool – Regulation Bitcoin News
  • Ola Finance Suffers Re-Entrancy Hack, $3.6m Exploited From DeFi Protocol
  • Why The Latest Correction Is Good For Bitcoin
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 - MilkyCrypto.io - All rights reserved!

No Result
View All Result
  • Home
  • Live Coin Market
  • Live Exchange Market
  • Crypto News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Blockchain
  • Regulation
  • Trading
  • Scams