• Analyst explains why $LINK, $DOT, $EGLD, $AVAX, and $MINA are ‘set to skyrocket.’

  • Aaron Arnold, Co-Founder and one of the hosts of the “Altcoin Daily” YouTube channel, recently named five cryptoassets that he believes will “skyrocket” in October.

    Arnold stated in a video released on September 18 that he believes Chainlink ($LINK) is a “blue-chip” altcoin for traders. On trading charts, he said $LINK appeared to be preparing for a breakout, and he was bullish on the coin “as long as we’re in a bull cycle.”

    The next cryptoasset Arnold mentioned was $DOT, which he believes will follow in the footsteps of $SOL in terms of price explosion.

    Arnold stated:

    DOT is giving me major Solana vibes. It’s been rejected a few more times, but I believe the trajectory (weekly candle close), relationship to the previous all-time high, and the fact that it hasn’t really pumped this entire run have all contributed to this rejection. I’m hoping it will shine like SOL in the coming weeks.

    Arnold mentioned Elrond ($EGLD) as another altcoin to watch, claiming that the cryptoasset had recently posted a golden cross on the trading charts. Arnold described the pattern as a bullish signal that had previously resulted in two all-time highs for $EGLD.

    The well-known analyst was also bullish on Avalanche ($AVAX), claiming that the project was gaining traction as more users joined the smart contract platform. He compared $AVAX to SOL, claiming that the coin could follow a similar price trajectory.

    Mina Protocol ($MINA), a privacy-focused coin backed by crypto venture capital, rounded out Arnold’s top five altcoins. He emphasized the coin’s unique staking mechanics, which incentivize users to hold the coin, causing the price to rise.

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