Crypto Trader Likes Price Movement in Sports Token Chiliz, Fantom, Avalanche & Aave

1 min read

Crypto trader Aaron Arnold is naming four crypto projects that are currently making big price moves to the upside  regardless of the price swings in the overall cryptocurrency market.

In the latest Altcoin Daily video, Arnold tells the YouTube channel’s 1.11 million subscribers that smart contract platform Avalanche (AVAX) is making “real progress” by adding 358 projects in the last 13 months to its rapidly growing ecosystem.

Next on his watch list is Fantom (FTM), which is a blockchain platform for decentralized finance (DeFi) and decentralized applications (DApps). According to Arnold’s analysis, Fantom continues to show signs of strong fundamental growth.

“Fantom keeps growing exponentially. Fantom is a fast and scalable next-generation layer-1 platform. Let’s take a look at some stats: 1.1 million unique addresses, 75,000 plus daily active addresses, almost 1 million daily transactions, 44,000 plus smart contracts deployed and $5.3 billion total value locked.”

The third crypto that the trader is keeping a close eye on is lending and borrowing protocol Aave, which recently passed its third iteration (V3). While Aave V3 does offer some new functionalities, Arnold highlights one feature that he says could change the game for the DeFi protocol.

“AAVE, a blue chip already, they’re launching their V3 now. It’s packed with tons of brand new features… Probably the biggest game-changer is what’s known as Portal, allowing assets to seamlessly flow between Aave V3 markets over different networks, so Ethereum, to Avalanche, to Fantom, to Cardano, to Solana, this is what we’re talking about. This is a big game-changer.”

The last crypto on Arnold’s radar is fan engagement token Chiliz (CHZ). According to Arnold, Chiliz could benefit from Socios’ new partnership with National Football League team the New England Patriots.

“Chiliz, the world’s first tokenized sports exchange. Chiliz token powers the Socios fan engagement app so I would say this is probably pretty good for Chiliz or projects like Chiliz, and that’s why I’m putting them on our list today, and they’re looking good.”


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Featured Image: Shutterstock/zhu difeng

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