Crypto Analyst Explains Why He Is So Bullish on Chainlink ($LINK) and Tezos ($XTZ)

Popular crypto analyst Aaron Arnold recently looked at two crypto projects with “massive potential” in this month. 

In a video released on December 7, Arnold, who is a co-host of the popular Altcoin Daily show, told the YouTube channel’s over 1.16 million subscribers that $LINK, the native token of Ethereum-powered dencentralized oracle network Chainlink, is one of this month’s top picks.  

Arnold said that he considers CEO Eric Schmidt joining Chainlink Labs as a strategic advisor as bullish news.

As reported by The Daily Hodl, he said: 

“According to a Tuesday announcement, Chainlink said that Schmidt would guide the firm’s scaling strategy in its use of oracle networks to trigger smart contracts […]

This is a huge get, a highly connected guy, a huge get for Chainlink Labs.”

The Altcoin Daily host was also bullish on $XTZ, saying the layer one blockchain was recently chosen by game studio Ubisoft — which has developed Assassin Creed and many other top games — to launch its new in-game line of non-fungible tokens (NFTs). 

The company cited a commitment to building a “true metaverse” and said Tezos would help overcome blockchain’s “early-form limitations for gaming,” including scaling and energy consumption. 

Arnold called Ubisoft’s endorsement a “huge milestone” for crypto and a “big win” for Tezo’s adoption and price potential:

“Mainstream gaming giant Ubisoft becomes the first major gaming company to launch in-game NFTs. This is a huge milestone for crypto, for NFTs and gaming in general…

Now the gaming giant will actually implement NFTs within one of its major franchises in a new initiative that runs on Tezos. This is huge for adoption and a big win for Tezos.

https://youtube.com/watch?v=pS8adIv2mFk%3Ffeature%3Doembed

According to data by CryptoCompare, currently (as of 20:55 UTC on December 10), $LINK and $XTZ are trading around $19.36 (-6.20%) and $4.634 (-6.29%) respectively.


Disclaimer

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.

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