Why Crypto Analyst Aaron Arnold is Bullish on Chainlink and Tezos This Month

Are you on the hunt for the next big movers in the crypto space? Popular crypto analyst Aaron Arnold has his eyes on two projects with what he calls “massive potential” this month. And guess what? They’re names you’ve likely heard before: Chainlink ($LINK) and Tezos ($XTZ). Let’s dive into why these altcoins are catching his attention.

Chainlink: A Strategic Power Play with Google’s Former CEO

First up, Chainlink, the decentralized oracle network built on Ethereum. Arnold specifically points to the project’s native token, $LINK, as a top pick for the month. But what’s fueling this bullish sentiment? The answer lies in a significant strategic move: the addition of Eric Schmidt, former CEO of Google, as a strategic advisor to Chainlink Labs.

Why is Eric Schmidt’s Involvement a Big Deal?

Arnold isn’t alone in his excitement. The crypto community is buzzing about this development, and for good reason. Here’s why Schmidt’s presence is seen as a major win for Chainlink:

• Industry Expertise: Schmidt brings decades of experience in scaling technology companies. His insights will be invaluable as Chainlink continues to grow and expand its network.
• Connections and Influence: As the former head of Google, Schmidt possesses a vast network of connections within the tech and business worlds. This could open doors for strategic partnerships and wider adoption of Chainlink’s technology.
• Validation and Credibility: Having a figure of Schmidt’s stature involved lends significant credibility to Chainlink. It signals to institutions and the broader market that this is a serious project with long-term potential.

Chainlink itself announced that Schmidt will be guiding their “firm’s scaling strategy in its use of oracle networks to trigger smart contracts.” Think of it this way: Chainlink acts as a bridge, bringing real-world data onto the blockchain to power smart contracts. Schmidt’s guidance will be crucial in making this bridge even more robust and efficient.

As Arnold himself puts it, “This is a huge get, a highly connected guy, a huge get for Chainlink Labs.” It’s hard to argue with that assessment.

Tezos: Leveling Up the Gaming World with Ubisoft

Next on Arnold’s radar is Tezos ($XTZ), a layer-one blockchain that’s making waves in the gaming industry. The catalyst for his bullish outlook? A partnership with none other than gaming giant Ubisoft, the studio behind iconic franchises like Assassin’s Creed.

How is Tezos Empowering Ubisoft’s Metaverse Vision?

Ubisoft recently announced its foray into the world of non-fungible tokens (NFTs), and they’ve chosen Tezos as the blockchain to power this initiative. This isn’t just a small experiment; Ubisoft is talking about building a “true metaverse.”

So, why Tezos? Ubisoft cited Tezos’ ability to overcome blockchain’s “early-form limitations for gaming,” specifically highlighting its capabilities in scaling and energy consumption. In other words, Tezos offers a sustainable and efficient platform for integrating blockchain technology into large-scale gaming environments.

What Makes This Partnership a Game Changer?

This collaboration has significant implications for both Tezos and the broader crypto space:

• Mainstream Adoption: Ubisoft is a household name in gaming. Their adoption of blockchain technology through Tezos exposes millions of gamers to the potential of crypto and NFTs.
• Real-World Use Case: This partnership demonstrates a tangible and exciting use case for blockchain beyond just financial applications. It shows how blockchain can enhance the gaming experience.
• Validation for Tezos: Being chosen by a major player like Ubisoft is a massive validation of Tezos’ technology and its suitability for demanding applications.

Arnold enthusiastically calls Ubisoft’s endorsement a “huge milestone” for crypto and a “big win” for Tezos’ adoption and price potential.

He further elaborates, “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.“

Chainlink and Tezos: A Powerful Combination?

While Arnold highlights these projects individually, it’s worth noting the complementary nature of Chainlink and Tezos. Chainlink provides the crucial oracle infrastructure to bring off-chain data onto blockchains like Tezos, potentially enhancing the functionality and capabilities of Ubisoft’s metaverse initiatives. Imagine NFTs within the game world being dynamically updated based on real-world events – that’s the kind of potential Chainlink unlocks.

What Does This Mean for Your Altcoin Holdings?

Arnold’s bullish stance on Chainlink and Tezos offers food for thought for anyone holding or considering investing in altcoins. While no investment is without risk, the developments surrounding these projects – Eric Schmidt joining Chainlink and Ubisoft partnering with Tezos – suggest strong underlying fundamentals and potential for future growth.

Final Thoughts

The crypto landscape is constantly evolving, and keeping track of promising projects can be a challenge. When influential analysts like Aaron Arnold spotlight specific cryptocurrencies, it’s worth paying attention. The strategic addition of Eric Schmidt to Chainlink and Ubisoft’s groundbreaking foray into NFTs with Tezos are significant developments that could shape the future of these projects and the broader crypto ecosystem. Whether you’re a seasoned crypto investor or just starting to explore the world of altcoins, Chainlink and Tezos are definitely worth keeping an eye on.