One popular crypto analyst is naming his top five altcoins, including three Ethereum-competitors, to keep an eye on in March 2022.
In his latest YouTube video, Altcoin Daily co-host Aaron Arnold says he is bullish on Ethereum (ETH) and its layer-1 ETH competitors.
“I’m bullish on alternative layer-1s, but let’s not forget the king of layer-1s – Ethereum.
How could you not be bullish with so many different verticals that are contributing to the great tokenomics that is Ethereum? Sometimes it’s NFTs [non-fungible tokens], sometimes it’s DeFi [decentralized finance].”
The YouTube analyst references a tweet from crypto reporter Jacquelyn Melinek to support his bullish stance.
“Total DeFi addresses are at 4.4 million, up 203% from year-ago date.”
Arnold is also bullish on layer-1 (L1) alternative Cosmos (ATOM), billed the internet of blockchains. Referencing a pair of tweets from crypto influencer Erik Voorhees, Arnold says ATOM “is doing big things in the L1 space.”
“The Cosmos ecosystem is gaining steam, and is unique among L1 alternatives to ETH. It’s architected as a constellation of L1’s that are natively interoperable. This means horizontal scaling where each DApp [decentralized application] creates its own capacity. And it means assets can move between chains.
I’ve been a fan of Cosmos for several years, primarily because A) smart devs I know love it when they try it, and B) it doesn’t make the decentralization sacrifices that other [Proof-of-Stake] L1s make. It’s highly decentralized, and decentralizing. And the [user experience] of actual [transactions] is beautiful.”
Arnold is also pumped on Ethereum-competing layer-1 solution Solana (SOL) over the coming months, reacting to the announcement that the Solana non-fungible token (NFT) marketplace Neon has begun selling NFTs in vending machines in New York City.
“This might be the most exciting thing you can buy at a…
![Anticipation for Ethereum [ETH] 2.0 rises as metric reaches all-time high](https://crypto.newswireservice.net/wp-content/uploads/2023/01/ethereum-wale-1000x600-350x250.jpg)
