Emerging as Victors in the Bull Run! Best Altcoins to Generate 10x Profits within 90 Days
Key Takeaways
Crypto analyst Miles Deutscher suggests investing in altcoins from different sectors and focusing on long-term leaders.
Deutscher highlights the potential of meme coins like PEPE and WIF, AI coins such as AIOZ, and RWA coins among others.
While Solana is a strong L1 solution, Deutscher advises exploring options with higher potential gains and similar risks.
Crypto analyst Miles Deutscher predicts a “political bull run” in 2024 and is heavily investing in various altcoins. He advises long-term investors to concentrate on leading coins in each category and maintain a diversified portfolio.
To execute this strategy, Deutscher trades top-performing coins during peak seasons and adjusts investments as market trends evolve.
Here’s an in-depth analysis of the coins to watch:
Meme Coins: High Risk, High Reward
Deutscher begins his analysis with meme coins, which are currently trending. He identifies PEPE and WIF as potential leaders in this sector. Despite its high market cap, PEPE has strong long-term growth potential. It has experienced a 39% surge in just one week, reaching a market cap of $5.80 billion, and 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 last six months, WIF has risen by 1,600%, despite a 12% decline month-to-month. Analysts believe that WIF prices could reach $5 to $10 in May.
AI Coin
Next on the list is AIOZ, which takes a balanced approach with a reasonable market cap and an exceptional team. AIOZ introduces decentralized AI, deep Web3 storage, and streaming. Its market activity surged after being listed on Bithumb, South Korea’s largest exchange.
RWA Coins
In the RWA coin category, Ondo stands out with limited unlocks until January 2025, indicating potential upside. Other established players include Pendle and Mantra, with upcoming projects like Red Belly showing promise. Ondo recently reached its all-time high and maintained its gains, suggesting potential profit booking ahead.
L1 Solutions: Moving Beyond Ethereum
Despite a recent market dip and the excitement surrounding Ethereum’s ETF approval, Solana has experienced a 24.91% surge in the past month, rising from $137.23 to $168.78 by May 29, 2024. Investors are curious if SOL will reach $200 in June. While Solana is a leader in its sector, Deutscher suggests considering options like Fantom and other protocols with around $8 billion market cap for potentially higher gains. Despite Solana’s strong performance, other opportunities with slightly higher risks exist.
Gaming Coins
Echelon Prime (PRIME) completes Deutscher’s list, gaining popularity due to its connection to AI and its lower current prices. The future price of PRIME is uncertain, with predictions ranging from significant increases to various other outcomes. While analysts are optimistic about its long-term prospects, this might not hold true for the next three months.
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Altcoins at the Foothill of an Explosion: Here Are Tokens That Could be the Biggest ‘Buy’ Ahead of an AltSeason
The “bull run” may be here, but always invest responsibly and avoid chasing fleeting trends.