FTM, UNI, ETH, SOL, MATIC on Analyst’s Top Picks for Coming ETF Storm
Altcoin Daily, a prominent crypto YouTube channel, has shared a curated list of their top picks for crypto investment for proper positioning for a projected storm coming into the crypto market.
In a recent video, Altcoin Daily urged crypto enthusiasts to buy Bitcoin, Ethereum, and certain altcoins, claiming approval of the pending Bitcoin spot ETF applications has become a certainty. As a result, the host argued that now is the right time to stock altcoins, as the influence of the Bitcoin ETF would impact the overall market.
Aside from the potential impact of the ETF, Altcoin Daily noted the pivotal development efforts of the mentioned projects.
Leading the list of highlighted altcoins was Polygon (MATIC). Per the host, the spotlight for the MATIC token is the surging transaction volumes of the decentralized exchanges (DEX) on Polygon. The host noted that Polygon has achieved its highest DEX volume in over eight months, experiencing an increase of over 200% in the last 30 days.
Secondly, the channel emphasized the promising trajectory of the Fantom token (FTM), a project with a $1 billion market capitalization. Altcoin Daily dismissed the notion that the project was slipping into the shadows by highlighting that the project team has introduced a technological stack named Fantom Sonic, an EVM-compatible blockchain.
The third project on Altcoin Daily’s list was Ethereum, the second-largest crypto project. The host mentioned Ethereum’s ongoing updates, with the launch of Nocturne on the mainnet. Notably, Nocturne would bring private accounts to the Ethereum network. The Altcoin Daily channel underscored that the development has transformative potential for the Ethereum ecosystem.
In parallel, the host noted that the eight-billion-dollar crypto project Chainlink (LINK) has a brighter future amid the blockchain coming out of the proof-of-concept stage. Other crypto projects highlighted with potential include Uniswap (UNI), crypto exchange Crypto.com, and Solana (SOL).
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