Altcoins
Top Altcoins for 10x Profits in 90 Days
Crypto analyst Miles Deutscher has called 2024 a “political bull run” and is investing heavily in various crypto altcoins. He advises long-term investors to focus on the leading cryptocurrencies in each category and maintain a diversified portfolio.
Its strategy is to trade the best performing coins during peak periods and adjust investments as market trends change.
Here’s a deep dive.
Parts to watch out for
Meme Coins: High Risk, High Reward
Deutscher begins his analysis with the trend Meme CoinsHe identifies Pepe (PEPE) and WIF as potential leaders in this sector. Despite its high market capitalization, PEPE shows strong long-term growth potential. It has jumped 39% in just one week, reaching a market capitalization of $5.80 billion, and could soon surpass $6 billion. Forecasts suggest that PEPE could reach $0.0025 by the end of 2024.
WIF, with a smaller market cap, has significant upside potential of up to 10x. Over the past six months, WIF has increased by 1,600%, despite a 12% month-over-month decline. Analysts believe WIF prices could reach $5-$10 in May.
AI Part
Next on the list is AIOZ, which has a balanced approach, 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 coinm
Ondo stands out in the RWA coin category, 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 hit an all-time high and has held its gains, suggesting potential profit-taking ahead.
Solution L1s: Beyond Ethereum
Despite a recent market decline and excitement over Ethereum’s ETF approval, Solana (SOL) has surged 24.91% over the past month, rising from $137.23 to $168.78 as of May 29, 2024. Investors are wondering if SOL will hit $200 in June. While Solana is a leader in its space, Deutscher also suggests considering options like Fantom and other protocols around $8 billion for potentially higher gains. Despite Solana’s strong performance, other opportunities with slightly higher risks exist.
Game piecem
Echelon Prime (PRIME) rounds out Deutscher’s list, popular due to its connection to AI and its current lower prices. PRIME’s future price is uncertain, with predictions ranging from significant increases to various other outcomes. While analysts are optimistic about its long-term prospects, that may not hold true over the next three months.
The bull run period may be here, but always invest responsibly and never chase passing trends.