Coinbase is the most popular crypto exchange platform in the world. The exchange platform was first introduced in the USA by Brian Armstrong and Fred Ehrsam in 2012. At the moment, around 50 cryptocurrencies are listed on the platform, and it has managed to raise a market capitalization of more than $68 billion. Out of hundreds of digital assets, Coinbase only narrows down and lists the most potent contenders on its platform.
Austin Arnold, an avid crypto trader, and analyst has issued a top 6 list for the benefit of all prospect crypto investors. This list of candidates can be called the ‘cream of the top’ since it points towards the top 6 altcoins from Coinbase that are worthy of the watch list for 2021. The list has not taken into consideration ETH and BTC to make room for the fresh faces that are making the most noise.
New Traders Should Watch These 6 Altcoins for this Year
Most crypto traders have their stakes invested in Bitcoin and Ethereum. However, those who are looking to diversify their investment portfolio in cryptocurrencies can take some notes from Arnold’s top 6 list. Starting from number six contender Chainlink, which is soon to dominate Polkadot network just like ETH with its substrate module. Placed at number 5 is Cardano (ADA). In six months, Cardano is going to offer all coding languages to the developers, unlike ETH that only allows one language.
The next spot on this list is secured by Universal Market Access (UMA) which is custom collateralized synthetic and allows universal tracking capability. The third rank is awarded to Decentraland (MANA) because it is the only virtual real estate space on Coinbase. At second position is Yearn Finance (YFI), based on total value locked up against price action. The top position is taken by Uniswap (UNI). The tech gurus are looking forward to the UNI v3 update that would allow the blockchain to become 4000 times more capital efficient and liquidity friendly.
Orion Protocol (ORN) is an aggregator that is going to give liquidity access for both centralized and decentralized exchange at one platform. The ORN has traveled from $2.16 to $29.25 in the span of January to March this year. Further growth of this altcoin is expected as it has recently joined hands with another promising entrant Cardano.
This recent merger is going to allow Orion to deploy greater interoperability, scalability, and transaction efficiency. The publication of this partnership protocol would allow the developers to write smart contracts as individuals and deploy them via Cardano.