Top Altcoins to Keep an Eye on Promising Opportunities for Wealth Growth in July 2024
In the opinion of analyst Miles Deutscher, the months of July, August, and September are crucial for market positioning and offer significant opportunities, despite the sideways movements. He plans to focus on altcoins with short to medium-term catalysts, strong narratives, and appealing price levels. Here is the list of the coins he is keeping an eye on:
1. Ethereum: Deutscher favors Ethereum due to its liquidity and lower volatility, making it a safer choice for leveraging. He has observed a clear uptrend and anticipates increased attention with the upcoming Ethereum ETF listing.
2. Pendle: Another altcoin that has caught Deutscher’s attention is Pendle, which he recently traded around $4. Despite price drops, he believes Pendle is a strong project with significant potential in decentralized finance and real-world assets.
3. Ondo: Deutscher is also monitoring Ondo for short-term trading opportunities. He is interested in maintaining the uptrend and sees potential for longs with tight invalidation. He considers an entry point around $1 as attractive, providing clear invalidation and major support.
4. Pepe: Deutscher notes that Pepe is currently in a significant downward regression channel and is flirting with the support level. He sees potential for at least a 5x return.
5. Solana: Solana’s transaction fees are performing well, especially with the launch of celebrity meme coins on its platform. Deutscher identifies strong buy zones around $126 as it crosses the mid-range.
6. Everclear: Deutscher views Everclear as a significant player in chain abstraction, addressing liquidity fragmentation in DeFi. With a market cap of $26 million and backing from major investors, Everclear represents a long-term strategic play.
7. Lingo: Lingo, a new gamified rewards platform, is set for launch soon. It offers real-world rewards backed by real estate holdings, with options for pre-sale or post-launch purchases based on market conditions.
In addition to these coins, Prime and Bittensor in the AI sector are also drawing attention. Despite recent FUD, Prime presents potential entry points around $7, with expansion targets at $11. Bittensor, a leading AI coin, is being monitored at the $200 level, offering significant upside potential.
Tags: Altcoins, Crypto news, Cryptocurrency, Price Analysis.