Altcoins
Market expert highlights ETH, BLUR, MATIC and more for explosive gains
Crypto analyst Miles Deutscher highlighted several altcoins, with a particular focus on artificial intelligence (AI), which demonstrate strong breakout potential in the current market rebound.
ETH on the rise
In a recent job on
Deutscher highlights upcoming ETH Dencun upgrade, noting that while much attention has been paid to Bitcoin (BTC) and exchange-traded fund (ETF) flows, ETH has been rising steadily against BTC .
Interestingly, the analyst expects an “aggressive” upward move in ETH at some point, especially as the first round of ETF decision dates approaches in May.
Deutscher also highlights the strong performance of AI tokens including AGIX, FET, WLD and RNDR, attributing their recent success to significant progress in the AI sector. According to analystNVIDIA’s (NVDA) upcoming earnings report on Wednesday could further strengthen the bullish sentiment around AI coins.
Highlighted Altcoins and Their Catalysts
- BLUR: BLUR is set to make a major announcement, and Deutscher notes the token’s recent strength, suggesting the $1 mark may soon be within reach. The founder’s association with BLAST, another project, adds to the intrigue.
- BEAM: Deutscher points out that BEAM’s treasury contains large MAVIA bags, which leads to increased sales. As the market begins to reassess the value of the native token, Deutscher is intrigued by the fact that BEAM has yet to gain attention. He also mentions Pantera’s recent investment/partnership, further reinforcing his interest.
- STRK: Token launch day is Tuesday for STRK, and Deutscher observes that new token launches often present opportunities for investors. He will closely monitor STRK’s performance, as success could lead sellers to repurchase at higher prices, while continued selling pressure could lead to lower prices.
- SEI: SEI is currently near all-time highs, and Deutscher notes positive sentiment around the project, fueled by an “active team” and support from key figures. While overall market sentiment remains positive, Deutscher sees potential for SEI to open the way.
- MAVIA: Deutscher highlights the buzz around MAVIA, drawing parallels to Axie in its early days. The token’s successful launch and support from influential figures have added to its long-term investment appeal. While recognizing a strong early move, Deutscher views MAVIA as a potential dip-buying opportunity.
As identified by crypto analyst Miles Deutscher, various altcoins, particularly AI tokens, are attracting attention due to their disruptive potential. Factors such as the upcoming ETH Dencun upgrade and advancements in the AI sector are expected to influence price movements.
Featured image from Shutterstock, chart from TradingView.com