Trader and analyst Austin Arnold on the YouTube channel Altcoin Daily said that the most promising cryptocurrencies are Avalanche (AVAX), Chainlink (LINK),
Cardano (ADA) and Litecoin (LTC).
Arnold called Avalanche an open source decentralized blockchain one of Ethereum’s best competitors: “Ethereum strives for maximum decentralization, while Avalanche strives to achieve the highest scalability and the highest number of users with the lowest commissions.”
Another strong competitor to Ethereum, according to Austin, is the cryptocurrency Cardano (ADA), which showed perhaps the fastest growth among altcoins over the past day – growth of 29%.