Cryptocurrency analyst Aaron Arnold shares with his 1,160,000 YouTube subscribers two altcoin projects he thinks have huge potential in December.
Analyst’s altcoin choices: LINK and XTZ
The first altcoin project on the analyst’s list is Chainlink (LINK), an Ethereum-based crypto project that facilitates data transfer from off-chain sources to smart contracts.
Aaron Arnold says Chainlink Labs has made a big acquisition after former Google CEO Eric Schmidt joined the Chainlink development team as a strategic advisor:
Oracle solutions provider Eric Schmidt will join Chainlink labs as a strategic consultant. Chainlink said on Tuesday that it will guide the company’s scaling strategy as Schmidt uses oracle networks to trigger smart contracts. This is a huge win, a very connected man, a huge win for Chainlink Labs.
The analyst says that the second altcoin with great potential is Tezos (XTZ), the Tier-1 smart contract blockchain block. Tezos has been selected by video game giant Ubisoft as its Blockchain platform to launch new in-game Non Fungible Tokens (NFTs).
Ubisoft is the publisher of games such as Assassin’s Creed, Tom Clancy’s Rainbow Six Siege, Far Cry, Just Dance and Prince of Persia. The company said it plans to build a “true metaverse” and has chosen Tezos to help overcome “the early form limitations of blockchain for gaming, including scalability and energy consumption.” Aaron Arnold comments:
Mainstream gaming giant Ubisoft became the first major gaming company to release in-game NFTs. This is a huge milestone for crypto, NFTs and gaming in general. Now the gaming giant will implement NFTs at one of its main franchises in a new venture working on Tezos. This is huge for adoption and a huge win for Tezos.