• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Bitcoin Casino ReviewsTry
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Bitcoin Casino ReviewsTry
No Result
View All Result
NewsBTC
No Result
View All Result
crypto
Nexo Logo

Crypto Analyst Says Cardano, Avalanche and Two Others Have Potential To Perform Well In Bear Trend 

Saeed Hassan by Saeed Hassan
3 months ago
in Crypto
Reading Time: 3 mins read
Advertisement

As the crypto market started recovering after Bitcoin experienced nine red weeks, some crypto projects have recorded incredible performance. That highlights their strength in a downtrend.

Crypto analyst, Austin Arnold, expressed to his Youtube community what aspects they need to consider while choosing a project to invest in a bearish market. And identified four crypto assets could perform very well in the future.

Related Reading | Cardano’s (ADA) Bulls Resurface, What Are The Next Target Levels?

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Austin, an expert crypto trader and co-host of Altcoin Daily, told his 1.23 million subscribers about five aspects to consider to check the potential of a crypto project.

These are the five attributes that grow the project when overall space rises. It includes a good team navigating the project with capable skills, the project is well funded, and the ability to solve real-life problems that occur in the blockchains. And he further noted strategic partnerships of a blockchain and its positioning in verticals also strengthen a crypto asset.

The analyst picked up the Oracle firm’s Chainlink (LINK) as the first option on his list having the above characteristics. He noted remarkable achievements of Oracle’s network on the BNB chain (BNB) and Polygon (MATIC), highlighting the developer adoption of Chainlink. Arnold further addressed the performance of the token in the previous Bitcoin bloodbath. 

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

At the time of writing, Chainlink is trading at  $7.29, down 0.77% in the past 24 hours.

BTCUSDPRICE
Bitcoin reclaims the $30,000 level.| Source: BTC/USD price chart from TradingView.com

Other Crypto Projects On Arnold’s List 

The crypto analyst prefers the smart-contract platform Alavanche (AVAX) in the second place and calls it “one of the best (layer-1s) in the space” and “one of the best Ethereum competitors.” He shed light on the project’s move to differentiate itself from Ethereum (ETH).

Ethereum tries to gear itself towards maximum decentralization, while Avalanche is gearing itself towards maximum scalability and just maximum users with the cheapest fees.

AVAX is trading around $25 and has lost nearly 4% in the past 24 hours. It currently ranks at the 14th position by market cap.

Read our comparison of 50 different crypto casinos. Find out who has most generous bonuses, best UX, knowledgeable customer support and best provably fair games.

Arnold then moved to Ethereum’s competitor Cardano (ADA), on which he is “hugely bullish.” While speaking about it, he cited Cardano’s move of minting over 5 million NFTs saying its ecosystem is “really blooming.”

Cardano’s ADA trades at $0.57 as of now, down over 10% in the past 24 hours. ADA stands at the 7th position by market cap.

Related Reading | TA: Ethereum Dips From $2K, Why 100 SMA Might Spark Fresh Increase

Litecoin appears as a preferred investment titled a “dark horse” at the end of Arnold’s list. Citing the recent launch in Litecoin’s network, he predicted a significant rally in the future for the LTC following the largest upgrade of the crypto project, Mimblewimble (MWEB).

At the time of writing this news, Litecoin’s price stands at over $66, down 3.74% in the past day. It is currently ranked in the 19th spot by market capitalization.

Featured image from Pixabay and chart from TradingView.com
Tags: Austin ArnoldAvalanche (Avax)Cardano (ADA) Technical AnalysisChainLink (LINK)cryptocurrencyLitecoin
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Saeed Hassan

Saeed Hassan

Saeed Hassan is a finance and cryptocurrency enthusiast who has been writing about Bitcoin and the blockchain since 2016. He is an author at Bitcoinist and NewsBTC, and he also runs his blog, where he writes about all things related to crypto and finance. In his spare time, Saeed enjoys playing cricket and watching Marvel series.

Related Posts

Expert Outlines Best Crypto Assets To Hodl During Crypto Winter

Expert Outlines Best Crypto Assets To Hodl During Crypto Winter

12 hours ago
Crypto Jobs Remain Attractive Amid Bear Market

Crypto Jobs Remain Attractive Amid Bear Market

1 day ago
Brazillian Brokerage Firm Introduces Trading For Crypto Assets Amid Bear Market

Brazillian Brokerage Firm Introduces Trading For Crypto Assets Amid Bear Market

2 days ago
Crypto ATMs

Number Of Crypto ATMs Installed Worldwide Reaches New Milestone

1 week ago
Deloitte, screenshot from the study

Deloitte Survey Clearly Shows Crypto Payments Are The Next Big Thing In Commerce

2 weeks ago
Bitcoin price

Bitcoin Price Touched $23,300, Will The Bearish Thesis Be Invalidated?

2 weeks ago

Premium Partners

Top Brokers

PrimeXBT

PrimeXBT

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
7BitCasino

7BitCasino

Review · Visit
Punt Casino

Punt Casino

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bspin

Bspin

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

Why are Runfy, Bitcoin and Tron being considered the next cryptos to explode in 2022

August 18, 2022

Keninah Concord: Saving The World With Blockchain-Based Solutions

August 18, 2022

How Adirize DAO, Litecoin and Floki Inu Could Be A Great Bear Market Opportunity

August 18, 2022

LBank Exchange Will List THANKQ (TQP) on August 18, 2022

August 18, 2022

Crypto Finance Coin (CTFC) Is Now Available for Trading on LBank Exchange

August 18, 2022

ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2021 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play Games
  • Bet & Win
  • Bitcoin Casino Reviews

© 2021 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.