Despite the recent bounce in the market, there is enough opportunity as many altcoins remain largely undervalued.
- 王林Original
- 2024-07-18 14:33:51670browse
Analyst Miles Deutscher says that some altcoins could perform exceptionally well if the market gains momentum. In particular, there is a strong belief that altcoins could reach a total market capitalization of one trillion dollars this cycle.
Recent market gains have left plenty of opportunities, with many altcoins still deeply undervalued. Some altcoins could rally sharply if the market gains momentum, according to analyst Miles Deutscher. Notably, there’s a strong case for altcoins to reach a total market capitalization of $1 trillion this cycle, which would be a 57% increase from current levels. This could open the door to 10x or even 20x gains for some altcoins.
“Some tokens will do very well once ETH hits $4,000!”
As covered by Kriptokoin.com, the market has gained new bullish momentum, with favorable winds filling the sails of crypto. This is leading investors to scan the market for tokens with high potential. Top analyst Miles Deutscher predicts that some altcoins will rally sharply when the second-largest cryptocurrency, Ethereum, reaches $4,000. Many altcoins that rallied in March are poised to continue performing well if the market sees a substantial upswing.
Shorter-term data also supports this, with AI and meme coins rallying sharply during recent market bounces. Notably, the popular meme coin, PEPE, has bounced strongly from key levels, with some suggesting that it could rally sharply if Bitcoin reaches $100,000.
Altcoins presenting compelling buying opportunities to add to your cart!
Miles Deutscher notes that Solana, a leading competitor to the second-largest cryptocurrency, Ethereum, has been a standout performer throughout the cycle and maintained its status as a bona fide Tier 1 player. According to the analyst, any major pullback in Solana presents an opportunity for accumulation. Here’s a list of other altcoins that the analyst finds compelling for your portfolio, along with the analyst’s commentary:
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