Aaron Arnold listed 7 digital assets he believed would surge in price in June depending on numerous factors. The list began with ADA just as its smart contract feature deployment.
Arnold highlighted Cardano’s ADA will profit from the anticipated Alonzo fork, that will finally make sure smart contracts are set up on the blockchain. Aaron also pointed out a CoinShare report indicating institutional interest in ADA that overshadows ETH or BTC.
The report states investment supervisors from institutions have purchased $10 million of ADA merchandises within a week as BTC records another $100 million outflow and ETH recorded outflows worth more than $12 million.
The statistics from CryptoCompare shows how investors are backing ADA in anticipation of a hard fork since ADA has constantly outshined BTC and ETH for more than a month now.
The host also highlighted ETH, describing the digital currency as having the potential to surge up in the upcoming month as its interest and dominance in the crypto world continues to grow, mainly because of the protocol updates.
Aaron also pointed to BTC as according to him the digital currency has the prospect of rallying up to the cryptocurrency’s next surge as prominent support shows up for it. The analyst also named Ray Dalio, who has also unveiled that he holds a certain amount of bitcoin himself.
Coming in 4th place was MATIC which has recently witnessed a lot of success as its price soared up more than 9,000%. The network has managed to process 122 million transactions so far and presently more than a million wallets are hosted on it.
According to Aaron the friendly user platform for Ethereum scaling aids the platform to stand out from the rest of the pack. It is also important to highlight that Mark Cuban the billionaire has also invested in digital currency.
Coming next is UNI or Uniswap which according to the analyst has an increasing transaction volume and cheaper transaction fee that take UNI to a favourable position. The next is RUNE.
Lastly, Aaron picks Chainlink, which is an Oracle issued service that the analyst relates to Google initially when it was released. All the aforementioned and alike are thought to have a massive spike in the upcoming weeks.