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Cryptocurrency trader Austin Arnold named 6 crypto assets that should show explosive growth in 2022
According to him, the momentum created in 2021 will be key for these altcoins this year and the Solana (SOL) smart contract platform opens the list:
“Over the past 9-12 months, Solana has made tremendous strides. I assume that the growth momentum of SOL will continue in 2022 “
Arnold believes Solana’s growth will be driven in part by the Phantom wallet, which already has over 10 million users.
Next on the list is the Polkadot (DOT) blockchain, which will be fueled by parachain auctions:
“If companies successfully join the Polkadot parachains, by the end of auctions, DOTs worth between $ 4 and $ 44.5 billion could be blocked by the end of auctions, which will reduce potential seller pressure and circulating supply.”
The third is the PoS blockchain Cardano (ADA) and the trader believes that the development of the platform in 2021 may indicate a significant growth in the cryptocurrency in 2022.
Arnold also believes in the Polygon Level 2 Scaling (MATIC) solution. According to him, the explosive growth of MATIC in 2021 will lead to further progress in 2022:
“2022 will be the start for second-level solutions and MATIC will continue its rapid development”
The next is the Chainlink (LINK) oracle platform and the trader believes that it will show good growth in 2022, even though it did not meet the expectations of many investors in 2021. While LINK hasn’t hit new all-time highs recently, Arnold noted that many of Chainlink’s other growth numbers are positive. For example, the release of the cross-chain interaction protocol and LINK stacking is expected, which will help the further development of the project.
At the bottom of the list is DeFi altcoin Aave, which recently announced plans to create a mobile wallet:
“Thanks to the ambitious plans outlined for the first quarter of next year, Aave is gaining momentum and therefore the asset was included in the list of the most promising projects of 2022”
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