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<pre class="wp-block-verse has-text-align-center">According to trader <strong>Aaron Arnold</strong>, next month five altcoins can show "explosive" growth</pre>



<p><strong>Trader </strong>and <strong>analyst Aaron Arnold</strong> <a href="https://www.youtube.com/watch?v=6lIHHVIh71c" target="_blank" rel="noreferrer noopener">named five <strong>altcoins</strong></a><strong> </strong>that, in his opinion, could show &#8220;explosive&#8221; growth in November. Arnold recommended paying attention to <strong>Polygon</strong>, <strong>Avalanche</strong>, <strong>Chainlink</strong>, <strong>Filecoin </strong>and <strong>THORchain </strong>tokens.</p>



<p></p>



<h2 class="wp-block-heading" id="h-polygon"><strong>Polygon</strong></h2>



<p><br>In the near future, the <strong>Polygon token</strong> will aim at rapid growth and updating of historical highs, the trader said. According to him, the project is actively developing, and the number of transactions in its network has already exceeded one billion. </p>



<p>This is confirmed by the data of the <strong>Polygon scan service</strong>. For comparison, the <strong>Ethereum network</strong> has processed 1.3 billion transactions over the entire period of operation.</p>



<p>On October 29, the <strong>Polygon token</strong> is trading at $ 2. In a month, it has risen in price by 93, and its <strong>capitalization </strong>has increased to $ 13.8 billion, according to <strong>CoinGecko</strong>. <strong>Altcoin </strong>last hit its all-time high in mid-May at $ 2.6.</p>



<pre class="wp-block-verse has-text-align-center"><strong>Polygon </strong>is an <strong>Ethereum</strong>-compatible second-level sidechain powered by PoS (Proof-of-Stake) algorithm. This network is faster and with lower fees than the main <strong>Ethereum network</strong>.</pre>



<p></p>



<h2 class="wp-block-heading"><strong>Avalanche</strong></h2>



<p><br>Arnold drew attention to the growth of the <strong>Avalanche network</strong>, in which the number of addresses and transactions is rapidly increasing.</p>



<p> The trader claims that the number of active <strong>Avalanche </strong>addresses has reached a new maximum above 70 thousand. All these factors in the near future can provoke a rapid growth of the <strong>Avalanche token</strong>, the analyst predicted.</p>



<p>On October 29, the <strong>altcoin </strong>is trading at $ 65.7. Over the month, <strong>Avalanche </strong>has risen in price by 7%, and its <strong>capitalization </strong>exceeded $ 14.5 billion. The last time the <strong>token </strong>reached its all-time high at the end of September at $ 79.3.</p>



<pre class="wp-block-verse has-text-align-center">Avalanche is an open source platform for running decentralized applications (dApps) and deploying enterprise blockchains.</pre>



<p></p>



<h2 class="wp-block-heading"><strong>Chainlink and Filecoin</strong></h2>



<p><br>Arnold considers <strong>Chainlink </strong>and <strong>Filecoin </strong>to be promising because they are actively building interactions with other <strong>crypto </strong>projects and are among the most advanced projects in the <strong>digital asset</strong> industry. </p>



<p>In the future, <strong>Chainlink </strong>and <strong>Filecoin </strong>may take a large share of the <strong>crypto market</strong>, the trader predicted.</p>



<p>On October 29, <strong>Chainlink </strong>is trading at $ 31.5, and its capitalization is $ 14.6 billion. Over the month, the <strong>token </strong>has risen in price by 42%. </p>



<p>At the same time, the price of <strong>Filecoin </strong>is $ 60.6 with a market valuation of the project at $ 7 billion. Over the month, the value of the altcoin has grown by 9%.</p>



<pre class="wp-block-verse has-text-align-center"><strong>Chainlink </strong>is the first network of decentralized oracles between <strong>blockchains </strong>and <strong>smart contracts</strong>, and among its partners is the Swift payment system. Also, the coin is in the portfolio of the <strong>Grayscale investment</strong> fund.</pre>



<pre class="wp-block-verse has-text-align-center"><strong>Filecoin </strong>is a decentralized storage system. The meaning of the project is that the owners of free disk space can rent it out and receive rewards in <strong>cryptocurrency </strong>for this.</pre>



<p></p>



<h2 class="wp-block-heading"><strong>THORchain</strong></h2>



<p><br>Over the past week, the <strong>THORchain token </strong>managed to grow in price by almost a third, Arnold recalled. In his opinion, this is only the beginning of the upward movement for the <strong>altcoin </strong>and it is able to continue its growth next month. </p>



<p>A decentralized <strong>cryptocurrency exchange </strong>platform is actively developing and becoming more and more popular among users, the trader added.</p>



<p>On October 29th, <strong>THORchain </strong>is trading at $ 13.8. Over the month, the <strong>token</strong> has risen in price by 110%, and its capitalization has grown to $ 4 billion. <strong>Altcoin </strong>renewed its all-time high in mid-May at $ 20.8.</p>



<pre class="wp-block-verse has-text-align-center"><strong>THORchain </strong>is a protocol that creates a bridge between <strong>blockchains </strong>to exchange assets quickly and efficiently.</pre>


<p><iframe width="1028" height="578" src="https://www.youtube.com/embed/6lIHHVIh71c" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe></p>

