Altcoins
Cryptocurrency Analyst Predicts Major Altcoins Will Rise 10X in 90 Days
In his latest YouTube video video Titled “If I Had to 10x My Money in 90 Days, I’d Buy This Crypto Altcoin,” renowned crypto analyst Miles Deutscher provided a refined outlook on the altcoins he believes are positioned for significant gains in the next 90 days. Originally aimed at highlighting altcoins capable of a 20x return by the end of the cycle, Deutscher adjusted expectations based on realistic market analysis, highlighting those with the potential for a 10x increase.
Altcoins with 10x potential
Deutscher began his analysis by addressing the volatility and uncertainty inherent in cryptocurrency markets, particularly in the altcoin sector. “A 20X return is not easy,” he explained, detailing the need to venture deep into the risk curve and focus on altcoins with smaller market caps to achieve such high returns. “You’re going to have to go for coins in the $1 million to $200 million market cap region, maybe $500 million to $1 billion,” he added.
Acknowledging the often unpredictable nature of the cryptocurrency market, Deutscher revised his approach: “So I’m actually going to narrow this question down to 10x. I think 10x is much more realistic for many altcoins. I like the risk/reward on a 10x more than I do on a 20x.”
Deutscher highlighted several altcoins that he believes have the potential to generate substantial gains:
Dog Hat (WIF): Positioned as the first Meme coin on the Solana blockchainWIF was discussed with particular enthusiasm by the analyst. With a current market cap of around $3.7 billion, Deutscher forecast a possible run-up to $37 billion, supported by strong community support and favorable market conditions. He cited recent price movements and community engagement as indicators of an imminent upside, “WIF is starting to break above that level.” [at around $3.60] on a daily basis, which is very bullish.”
Grandpa (PEPE): Another meme coin, Grandpawas noted by Deutscher for its volatility and high-risk, high-reward nature. Despite a personal return of 70x, Deutscher still sees great potential. However, he also advised viewers on the strategy of gradual profit-taking, emphasizing the need to lock in gains in a high-volatility environment.
Prime (gaming sector): When it comes to the gaming niche, PRIME has been mentioned by crypto analytics as a promising candidate for a 10x surge, leveraging the growing popularity and investments in blockchain-based gaming.
Fantom (Infrastructure) and AIOZ (DePin/IA): Fantom and AIOZ were recognized for their technological innovations and market growth potential. Deutscher sees 10x gains possible due to their strong technology foundations and market positions. “Fantom (FTM) can grow 10x. AIOZ can grow 10x,” he said.
Risk Management in Cryptocurrencies
It is important to note that Deutscher highlighted the differentiation of investment strategies based on the type of cryptocurrency and market position. While cryptocurrencies like Solana and Ondo Finance do not exhibit a 10x gain, their market leadership and stability offer smaller but significant returns, which can be crucial for maintaining balance within a diversified portfolio.
“Solana and Ondo Finance (ONDO) 10x? Maybe not, but they are leaders in their respective sectors. So you can be happy with a 3x, 4x. Not everything has to be a 10x. That’s what you also have to understand. Some pieces in your portfolio have a different purpose. You go with a bigger size, they’re safer. So you’re not taking as much risk,” Deutscher explained.
He also touched on riskier projects like Astroport, which, due to its low market cap, presents a classic high-risk, high-reward scenario. “The lower the market cap, the easier it is to pump, because the less liquidity is needed to influence the price,” Deutscher noted, emphasizing the speculative nature of these altcoins.
At press time, WIF was trading at $3.46.
Featured image created with DALL·E, chart by TradingView.com