Best Altcoins to Generate 10x Profits within 90 Days
After dubbing 2024 a “political bull run,” cryptocurrency analyst Miles Deutscher has decided to heavily invest in alternative cryptocurrencies (altcoins). Deutscher suggests that long-term investors should focus on leading coins in each category and diversify their investments. His strategy involves trading the top-performing coins during peak seasons and switching investments as market trends change.
Here is a breakdown of Deutscher’s top picks for each sector:
Meme Coin:
Deutscher begins his analysis by looking at the market trend of meme coins. He identifies Pepe and WIF as potential leaders in this category. Despite its high market capitalization, Pepe has strong potential for long-term growth. In just one week, Pepe (PEPE), a meme coin, has surged by 39% and currently has a market cap of $5.80 billion, which may soon surpass $6 billion. Predictions suggest that Pepe could reach $0.0025 by the end of 2024.
WIF, with a lower market cap, presents significant upside potential, possibly up to 10 times its current value. Over the past six months, WIF has risen by 1,600%, although it has experienced a 12% decrease in the past month. Analysts believe that WIF prices could reach $5 to $10 in May.
AI Coin:
Next, Deutscher discusses AIOZ, stating that it has a balanced approach, reasonable market cap, and an outstanding team. AIOZ introduces decentralized artificial intelligence, deep web 3 storage, and streaming. AIOZ’s market activity has increased after being listed on Bithumb, South Korea’s largest exchange.
RWA Coin:
Deutscher identifies Ondo as the standout coin in this sector, as it has limited unlocks until January 2025, indicating potential upside. Other established plays include Pendle and Mantra, with upcoming projects like Red Belly also showing promise. Moreover, ONDO recently reached its all-time high (ATH) and has maintained its gains. This week, the token price has consolidated, suggesting potential profit booking ahead.
L1 Solution:
Despite a recent market dip and excitement surrounding Ethereum’s ETF approval, Solana (SOL) has seen a surge of 24.91% in the past month, rising from $137.23 to $168.78 by May 29, 2024. Investors are curious to see if SOL will reach $200 in June. Analysts consider Solana a leader in its sector but suggest exploring options like Fantom and other protocols with a market cap around $8 billion for potentially higher gains. Despite Solana’s strong performance, there are promising opportunities with slightly higher risk.
Gaming Coin:
To round off his list, Deutscher mentions Echelon Prime, which is popular due to its connection to artificial intelligence and its lower current prices. The future price of PRIME is uncertain, with predictions ranging from a significant increase to various other outcomes. Analysts are generally optimistic about its long-term prospects, although this optimism may not hold for the next three months.
Also Check Out:
For more information on altcoins, be sure to check out the article titled “Altcoins at the Foothill of an Explosion: Here Are Tokens That Could be the Biggest ‘Buy’ Ahead of an AltSeason.”