{"id":563612,"date":"2023-12-03T08:49:13","date_gmt":"2023-12-03T08:49:13","guid":{"rendered":"https:\/\/uniquehot.com\/?p=563612"},"modified":"2024-06-11T10:08:44","modified_gmt":"2024-06-11T10:08:44","slug":"here-are-four-crypto-assets-poised-for-a-major-price-explosion-analyst","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/here-are-four-crypto-assets-poised-for-a-major-price-explosion-analyst\/","title":{"rendered":"Here Are Four Crypto Assets Poised For A Major Price Explosion – Analyst"},"content":{"rendered":"

The general crypto market has recorded a slight boost in the last week as market leader Bitcoin surged by 4.44% to trade above the $39,000 price mark. As bullish sentiments continue to rise, popular crypto analyst Austin Arnold has now highlighted four tokens that offer investors a high potential for profitability in the coming weeks.<\/span><\/p>\n

Related Reading: Top 5 Cryptos Set For A Price Explosion This December \u2013 ADA, TIA, RUNE, LUNC, BTC<\/a><\/div>\n

Top Crypto Tokens Set For A Massive Price Rally – Austin Arnold<\/strong><\/h2>\n

Speaking in a recently published video<\/a> on his YouTube channel Altcoin Daily, Arnold stated that certain tokens are \u201cset to rip through the crypto markets.\u201d<\/span><\/p>\n

The first cryptocurrency he highlights is Injective (INJ), a layer 1 blockchain and decentralized protocol backed by Binance, Pantera, and renowned tech billionaire Mark Cuban.\u00a0<\/span>Arnold states that Injective\u2019s potential for a massive price surge is tied to multiple factors, including its impressive tokenomics facilitated by its buyback and burn auction system.\u00a0<\/span><\/p>\n

This is a process in which Injective utilizes<\/a> 60% of all fees collected across its multiple native dApps to buy back INJ from the market. The bought INJ is then burned, allowing the token to maintain a controlled supply and increase market value.\u00a0<\/span><\/p>\n

Furthermore, Injective currently possesses one of the lowest network fees in the market, which is considered an attractive feature for most users and developers. In addition, the Cosmos-SDK built protocol is also set to undergo its largest mainnet upgrade – Volan Upgrade – in the next few weeks.<\/span><\/p>\n

Joining Injective on Arnold\u2019s list is Chainlink (LINK), an Ethereum-based decentralized blockchain oracle network. The crypto analyst notes that Chainlink recently celebrated a milestone of 2,000 integrations and projects, which only underlines the network\u2019s appeal to developers and the wider crypto community.\u00a0<\/span><\/p>\n

Furthermore, Arnold lauds Chainlink for its multiple strategic partnerships with major traditional institutions, including the SWIFT banking system and the Depository Trust and Clearing Corporation (DTCC), which could drive institutional adoption of the crypto project.\u00a0<\/span><\/p>\n

In addition, Chainlink recently launched an upgraded staking mechanism<\/a>, which introduces greater flexibility, better security guarantees for oracle services, and a modular architecture, all of which Arnold believes\u2019 contributes to the cryptocurrency\u2019s potential for massive price gain soon.<\/span><\/p>\n

Related Reading: XRP Price Set To Explode: Analyst Identifies Trigger For Next Parabolic Move<\/a><\/div>\n

Bitcoin And Ethereum Await Spot ETF Boost<\/strong><\/h2>\n

The final cryptocurrencies on Austen Arnold\u2019s list are, unsurprisingly, the two biggest assets in the market, namely Bitcoin and Ethereum.<\/span><\/p>\n

For Bitcoin, The crypto analyst notes that crypto whales have been stocking up their supply of the premier cryptocurrency, citing an example of Michael Saylor\u2019s Microstrategy.<\/a> In addition, he also references an impending rise in BTC\u2019s institutional demand, which hinges on the approval of a spot exchange-traded fund (ETF).<\/span><\/p>\n

In addition, Arnold pinpoints there is also a rising interest in Ethereum as more asset managers<\/a> continue to approach the US Securities and Exchange Commission with applications to launch an Ether Spot ETF.\u00a0 This development was revealed by American investor Ric Edelman, who personally claims to be more excited about Ethereum than Bitcoin, as it offers more technological capability and commercial applications.\u00a0<\/span><\/p>\n

\"Crypto\"<\/p>\n

BTC trading at $39,491 on the daily chart | Source: BTCUSD chart on Tradingview.com<\/a><\/pre>\n
Featured image from iStock, chart from Tradingview<\/em><\/div>\n","protected":false},"excerpt":{"rendered":"
The general crypto market has recorded a slight boost in the last week as market leader Bitcoin surged by 4.44% to trade above the $39,000 price mark. As bullish sentiments continue to rise, popular crypto analyst Austin Arnold has now highlighted four tokens that offer investors a high potential for profitability in the coming weeks. Related Reading: Top 5 Cryptos Set For A Price Explosion This December \u2013 ADA, TIA, RUNE, LUNC, BTC Top Crypto Tokens Set For A Massive Price Rally – Austin Arnold Speaking in a recently published video on his YouTube channel Altcoin Daily, Arnold stated that certain tokens are \u201cset to rip through the crypto markets.\u201d The first cryptocurrency he highlights is Injective (INJ), a layer 1 blockchain and decentralized protocol backed by Binance, Pantera, and renowned tech billionaire Mark Cuban.\u00a0Arnold states that Injective\u2019s potential for a massive price surge is tied to multiple factors, including its impressive tokenomics facilitated by its buyback and burn auction system.\u00a0 This is a process in which Injective utilizes 60% of all fees collected across its multiple native dApps to buy back INJ from the market. The bought INJ is then burned, allowing the token to maintain a controlled supply and increase market value.\u00a0 Furthermore, Injective currently possesses one of the lowest network fees in the market, which is considered an attractive feature for most users and developers. In addition, the Cosmos-SDK built protocol is also set to undergo its largest mainnet upgrade – Volan Upgrade – in the next few weeks. Joining Injective on Arnold\u2019s list is Chainlink (LINK), an Ethereum-based decentralized blockchain oracle network. The crypto analyst notes that Chainlink recently celebrated a milestone of 2,000 integrations and projects, which only underlines the network\u2019s appeal to developers and the wider crypto community.\u00a0 Furthermore, Arnold lauds Chainlink for its multiple strategic partnerships with major traditional institutions, including the SWIFT banking system and the Depository Trust and Clearing Corporation (DTCC), which could drive institutional adoption of the crypto project.\u00a0 In addition, Chainlink recently launched an upgraded staking mechanism, which introduces greater flexibility, better security guarantees for oracle services, and a modular architecture, all of which Arnold believes\u2019 contributes to the cryptocurrency\u2019s potential for massive price gain soon. Related Reading: XRP Price Set To Explode: Analyst Identifies Trigger For Next Parabolic Move Bitcoin And Ethereum Await Spot ETF Boost The final cryptocurrencies on Austen Arnold\u2019s list are, unsurprisingly, the two biggest assets in the market, namely Bitcoin and Ethereum. For Bitcoin, The crypto analyst notes that crypto whales have been stocking up their supply of the premier cryptocurrency, citing an example of Michael Saylor\u2019s Microstrategy. In addition, he also references an impending rise in BTC\u2019s institutional demand, which hinges on the approval of a spot exchange-traded fund (ETF). In addition, Arnold pinpoints there is also a rising interest in Ethereum as more asset managers continue to approach the US Securities and Exchange Commission with applications to launch an Ether Spot ETF.\u00a0 This development was revealed by American investor Ric Edelman, who personally claims to be more excited about Ethereum than Bitcoin, as it offers more technological capability and commercial applications.\u00a0 BTC trading at $39,491 on the daily chart | Source: BTCUSD chart on Tradingview.com Featured image from iStock, chart from Tradingview<\/p>\n","protected":false},"author":581,"featured_media":563614,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1144,78790,16295,87925,1946,88126,84472],"class_list":["post-563612","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btcusd","tag-btcusdt","tag-chainlink","tag-crypto-asset","tag-ethereum","tag-injective","tag-price-rally"],"acf":[],"yoast_head":"\nHere Are Four Crypto Assets Poised For A Major Price Explosion - 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Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative. Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information. Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets. Outside his work, Semilore possesses other passions like all individuals. 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