Top crypto trader and market analyst Ben Armstrong has given his top ten list for altcoins in 2021.
In a recent YouTube update, Armstrong told his 327,000 subscribers the market is moving to short bitcoin while going long on a selection of top altcoins.
The popular trader touted the governance token Uniswap (UNI) as one of his premier choices, telling investors the altcoin could “explode” with the addition of new trading features such as limit orders.
Armstrong went on to list the lending platform Maker (MKR), saying the coin was poised to benefit from the explosion in decentralized finance (DeF). The YouTube influencer was also bullish on Ren (REN), a protocol for transferring crypto-assets between blockchains. Armstrong noted Ren’s positive performance against bitcoin, calling it a good measure of investor interest.
In addition, he highlighted the zkRollup exchange and payment protocol Loopring (LRC).
Armstrong said of the project, “[LRC] will help the space by leaving opportunities for other chains and for Layer 2 DeFi solutions for Ethereum like Loopring to come to the forefront, and obviously hamper it due to the issues that extremely high gas fees create for the smaller trader. It raises the barrier to entry in the DeFi game, and projects like Loopring are trying to solve that.”
The trader rounded out his selections with HedgeTrade (HEDGE), privacy coin Horizon (ZEN) and decentralized public network Hedera Hashgraph (HBAR). His top three consisted of Nano (NANO), which he called the fastest cryptocurrency on the market, as well as DeFi platform Polkadot (DOT) and open-source blockchain protocol Avalance (AVAX).