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?
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.
At the time of writing, Chainlink is trading at $7.29, down 0.77% in the past 24 hours.
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…
Click Here to Read the Full Original Article at NewsBTC…
