Crypto Trader Ben Armstrong Names Top Altcoin, Says Little-Known Crypto Asset Will Erupt in 2021 | The Daily Hodl

Crypto Trader Ben Armstrong Names Top Altcoin, Says Little-Known Crypto Asset Will Erupt in 2021 | The Daily Hodl
Added 3 months ago
Summary: Crypto trader and YouTuber Ben Armstrong says he's expecting a decentralized finance (DeFi) gem that's flying under the radar to explode this year.
Sentiment: positive
5 minute read
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Stocks: $SSTK

Crypto trader and YouTuber Ben Armstrong says he’s expecting a decentralized finance (DeFi) gem that’s flying under the radar to explode this year.

In a new video, Armstrong tells his 548,000 YouTube subscribers that he’s looking at Frontier (FRONT), a little-known DeFi gem that has already inked big partnerships and connections in the nascent sector.

“Frontier is a chain-agnostic DeFi aggregation layer, which is already connected to all, and I do mean all of the major platforms and ecosystems in the DeFi space. Frontier brings essential pieces of DeFi to users across all these platforms. It has gasless transactions, yield farming, NFT acquisition and creation, staking, governance and rewards for app activity.

FRONT has partnerships with Avalanche (AVAX), THORChain (RUNE), Solana (SOL), yearn.finance (YFI), Aave, Algorand (ALGO), Elrond (EGLD), Binance Smart Chain, Cosmos (ATOM), Band Protocol (BAND), Matic or Polygon now, AllianceBlock (ALBT), Kava, Harmony (ONE), Celo, Stafi (FIS), and more. Spoiler: via Stafi, Frontier will enter into the Polkadot ecosystem, meaning it will be used by all its parachains, the whole DOT ecosystem.”

Armstrong also highlights that Frontier has already teamed up with US-based crypto exchange Coinbase to make DeFi accessible to its 43 million users across 100 countries.

“Coinbase Wallet users can also track their complete DeFi portfolio and get smart DeFi notifications, access yearn.finance, exchange tokens, and more, all from one place. Frontier is the magic wand of Coinbase, enabling all things DeFi in a few clicks. And if we jump even further down the rabbit hole, Coinbase’s ecosystem, all the projects backed by Coinbase will be connected to Frontier as it is the DeFi gateway platform.” 

The crypto trader and analyst adds that on top of Coinbase, other major crypto firms are supporting the DeFi project including Binance, Sam Bankman-Fried’s Alameda Research, FTX Exchange, and Coingecko gems.

“Now if we see three major exchanges, Coinbase, Binance and FTX supporting a project, all the biggest hedge funds backing it and every DeFi and scaling ecosystem partnered with it… It’s almost the same as picking the winning lottery ticket knowing you’ll win. The list of partnerships and integrations is absolutely endless. We haven’t seen, and I’m not underselling this here, we haven’t seen another project of this Caliber in DeFi.”

According to Armstrong, Frontier, which is sitting at around $78 million in market capitalization, can potentially print 18x gains and catch up to yearn.finance’s $1.4 billion valuation.

On February 17th, FRONT had a massive run of over 483% from $1.15 to its all-time high of $6.71 in a span of 24 hours. At time of writing, FRONT is trading at $3.39, according to CoinMarketCap.

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