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In a new video on his YouTube channel, Altcoin Daily host and crypto analyst, Austin Arnold is making his case for top projects to watch in the next month.
Ethereum (ETH) is on top of the list and Austin highlights that with their upcoming Berlin update next month, a reduction in transaction fees should be seen. Ethereum team plans to execute its Berlin update, which includes optimizations to gas fee usage, next month. Austin Arnold also referred to Vitalik Buterin’s recent appearance in the Tim Ferriss show where he said to expect the platform to scale by 100x in the next few weeks.
Cardano (ADA) is second to watch according to Arnold:
“The fact is Cardano’s ecosystem is getting built out. Again, I tell you, Cardano today is so much different than Cardano four years ago. We have four years of research and development, we have the transition from Byron to Shelly, the possibility to issue tokens now, smart contracts in a few months, growing user base, higher inflation… Cardano is one to watch.”
Third up is Litecoin (LTC). According to Arnold, the large-cap Bitcoin fork, is preparing for their privacy-centric MimbleWimble update. He further notes that the crypto by market cap usually does well in a bull market claiming that the cryptocurrency “might have the best risk-adjusted return over the next months.”
The fourth to keep taps on is Chainlink (LINK) with Arnold referring to a recent Citigroup report that proves favorable on the project:
“A recent report by Citigroup forecasted that Chainlink may gain prominence over Bitcoin… LINK as a token in the Chainlink ecosystem could increase as blockchain continues to thrive globally over time.”