According to Aaron Arnold, the growing interest in non-exchangeable tokens (NFTs) and decentralized finance (DeFi) will prepare these 5 altcoins for a major uptrend.

Aaron Arnold, one of the popular analysts of the cryptocurrency market, claims that these altcoins, together with the leading altcoin Ethereum, will make a big bull run in 2022.

Addressing his followers from the 1.2 million YouTube subscriber channel "Altcoin Daily", Arnold predicted that with the growing interest in non-alterable NFT and DeFi, altcoins Ethereum, Solana, Matic, IMX and METIS are poised for a major uptrend.

   "I'm talking about qualified L1s and L2s. So I'm talking about projects that have real scope in the protocol. Here these cryptocurrency projects are going to explode this year. Why do I say this? It's because the activity we see in the NFT and DeFi ecosystems continues to increase in a parabolic way."

The largest smart contract platform Ethereum is trading at $3.25 at the time of the news, while Ethereum's biggest rival, Solana, another smart contract platform, is trading at $142.5.

Ethereum Eth-2

Meanwhile, the massive growth of Layer-1 smart contract platform Solana throughout 2021 was attributed to some issues such as high transaction costs and scalability on the Ethereum platform.

Analyst Arnold was also very optimistic about the Layer 2 scaling solution Polygon (MATIC). He claimed that MATIC, a scaling solution designed to enable the adoption of decentralized applications on the Ethereum network, is poised for an uptrend.

The other coin on Arnold's list is Immutable X (IMX), a scaling solution for NFTs that has no gas fees and aims to perform near-instant transactions.

Arnold also talks about another Layer 2 scaling solution, Metis DAO (METIS). The cryptocurrency, which is currently ranked 154th according to its market value, is trading at $ 297.2 at the time of publishing our article.