Austin Arnold, a cryptocurrency trader and host of the popular program Altcoin Daily, describes four mid-size altcoins that he thinks have great long-term potential.

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First on Arnold’s list is Compound (COMP), a decentralized finance (DeFi) lending protocol. The analyst cites the news that Compound Labs, the creator of Compound, has implemented a new project called Compound Treasury.

For information about Compound Treasury “Compound (COMP) Rises After This News” Check out our news.

The project is designed so that businesses and financial institutions unfamiliar with the cryptocurrency space can access the Compound protocol.

The next altcoin on Arnold’s list is Ethereum scaling solution Polygon (MATIC). Polygon recently announced the launch of a new general purpose blockchain called Avail:

“Whether you are a sidechain on any mainchain or an independent chain on your own, this will help maintain scalability while maintaining the security of the blockchain/sidechain.”

Ethereum-based indexing protocol The Graph (GRT) is the next altcoin on Arnold’s list. He points to news that The Graph is partnering with Optimism, an Ethereum scalability solution:

“The Graph will provide indexing and querying services to developers building on Ethereum’s second layer solution Optimism to help scale Ethereum. When Optimism becomes publicly available, The Graph will be published on the hosted domain and will provide support to developers in the Optimism community.”

To learn about Optimism “Ethereum Scaling Solution Optimism Mainnet Launch Postponed to July” Check out our news.

Last on the analyst’s list is Decentraland (MANA), the decentralized virtual reality world project.

Arnold cites the news that a digital plot of land in Decentraland was recently sold for approximately $1 million worth of MANA. He says this is a sign that big players are buying the virtual ecosystem:

“Even as prices fall, whales are taking their positions and planning for the long-term future.”