Altcoins

Crypto Analyst Predicts Top Altcoins to Rise 10x in 90 Days

Published

8 months ago

30 May, 2024

Crypto Analyst Predicts Top Altcoins to Rise 10x in 90 Days

In his latest YouTube video Titled “If I Had to 10X My Money in 90 Days, I’d Buy This Crypto Altcoin,” famed crypto analyst Miles Deutscher offered a refined perspective on altcoins that he believes are positioned for gains significant over the next 90 days. With the initial aim of highlighting altcoins capable of 20x returns by the end of the cycle, Deutscher adjusted its expectations based on realistic market analysis, highlighting those with potential to 10x increase.

Altcoins with 10x potential

Deutscher began its analysis by addressing the volatility and uncertainty inherent in crypto 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 returns as students. “You will have to go for coins in the market cap region of $1 million to $200 million, maybe $500 million to $1 billion,” he added.

Recognizing the often unpredictable nature of the crypto market, Deutscher revised his approach: “So I’m actually going to reduce this question to 10x. I think 10x is much more realistic for many alts. I like the risk-reward on a 10x more than a 20x.

Deutscher highlighted several altcoins that he believes hold potential for substantial gains:

Dog Hat (WIF): Positioned as Prime Minister meme coin on the Solana blockchain, WIF was discussed with particular enthusiasm by the analyst. With a current market capitalization of approximately $3.7 billion, Deutscher anticipates a possible rise 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 rise: “WIF is starting to break above this level. [at around $3.60] on a daily basis, which is super optimistic.

Pepe (PEPE): Another coin, Pepe, was noted by Deutscher for its volatility and high-risk, high-reward nature. Even though he personally achieved a 70x return, Deutscher still sees great potential. However, he also advised viewers on the strategy of taking profits gradually, emphasizing the need to secure gains in a highly volatile environment.

Bonus (gaming sector): When it comes to the gaming niche, PRIME has been mentioned by crypto analysis as a promising candidate for a 10x increase, leveraging the growing popularity and investments pouring into blockchain-based games.

Fantom (Infrastructure) and AIOZ (DePin/AI): Fantom and AIOZ have been recognized for their technological innovations and potential market growth, with Deutscher forecasting 10x achievable gains due to their strong technological foundations and market positions. “Fantom (FTM) can 10x. AIOZ can 10x,” he said.

Crypto Risk Management

Importantly, Deutscher highlighted the differentiation of investment strategies based on coin type and market position. Although coins like Solana and Ondo Finance may not exhibit a 10x gain, their market leadership and stability offer lower 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 industries. So you can get by with a 3, 4x there. Not everything needs to be a 10x. This is also what we need to understand. Some pieces in your portfolio serve a different purpose. You go with a bigger size, they’re safer. So you don’t take as much risk,” Deutscher explained.

He also discussed riskier companies such as Astroport, which, due to its lower market capitalization, presents a classic high-risk, high-reward scenario. “The lower the market cap, the easier it is to pump, because the less liquidity is required to impact the price,” Deutscher noted, highlighting the speculative nature of these altcoins.

At press time, WIF was trading at $3.46.

WIF Price Rejected at 0.618 Fib Level, 1-Day Chart | Source: WIFUSD on TradingView.com

Featured image created with DALL·E, chart from TradingView.com

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Altcoins

Long-Term Impact of Ethereum ETF on Cryptocurrency Market

Published

6 months ago

29 July, 2024

CoinFlix Staff

Long-Term Impact of Ethereum ETF on Cryptocurrency Market

Popular crypto analyst Michael van de Poppe has highlighted his altcoin portfolio approach in light of the new Ethereum ETF. In a recent Youtube videoThe analyst explained the measures he would take for this major market event.

The Ethereum ETF was listed on the stock exchange and it took time to get approval and so far there has been no significant change in price. The analyst pointed out that the long-term effect could be quite significant, comparing it to the situation of the Bitcoin ETF where the initial decline was followed by large inflows.

According to Van de Poppe, the Ethereum ETF’s trading volume on the first day of trading was about 25% of the volume Bitcoin ETF He noted that the first day of trading was marked by low inflation, and said there was a net inflow of $150 million to $160 million, which reduced the available supply.

Altcoins are poised for growth

The analyst said that as Ethereum adoption increases in the future, the supply of Ethereum will decrease, which is a deflationary model. Ethereum is up about 15% since the ETF approval, the broader market reaction has yet to happen as several sell-offs have taken place, including the Grayscale Trust.

Van de Poppe also mentioned other important market events, including the end of Mount Gox The process of repaying creditors initially caused tensions in the markets, but had little effect subsequently. It also highlighted the role of macroeconomic factors, which can lead to Fed rate cuts, which can affect markets.

In this regard, looking at van de Poppe’s strategy, he is still keen to trade within the altcoins of the Ethereum ecosystem. He stated that there is a possibility of short-term price fluctuations that may discourage many people, but the long-term still looks good due to the improvement and adaptation that has been made to Ethereum and its environment.

According to the analyst, substantial inflows could propel Ethereum towards new historic highs with estimates ranging from $5,000 to $7,000. Despite the current market fluctuations, he is confident that macroeconomic changes and greater liquidity will be favorable for altcoins.

He explained that his broad approach to altcoins, especially those associated with Ethereum, will be beneficial because the market will react differently to these events. The basis for his optimism comes from the fact that he believes that Ethereum and all associated projects are still extremely undervalued and have the potential to skyrocket as sentiment changes.

Looking ahead and market adjustments regarding the Ethereum ETF and other macroeconomic factors, the analyst remains bullish on altcoins. He suggested investors stay informed and believe that in the ever-changing world of crypto, they will eventually be rewarded.

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Altcoins

Altcoins Are Severely Undervalued, Awaiting Ethereum Move | Flash News Detail

Published

6 months ago

28 July, 2024

CoinFlix Staff

IntoTheBlock Releases Report on Institutional DeFi Trilemma

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Altcoins

Altcoins Correct Amid ETH Decline, Grayscale Outflows | Flash News Detail

Published

6 months ago

28 July, 2024

CoinFlix Staff

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Altcoins

Epic Altcoin Rally Expected for August and September

Published

6 months ago

28 July, 2024

CoinFlix Staff

Crypto analyst predicts massive altcoin rally similar to Q1 2024, urging patience and accumulation.
Bitcoin’s potential as a reserve asset and its technical patterns suggest that it will drive the rise of the cryptocurrency market.

Captain Faibik, a renowned crypto analyst, has created excitement in the cryptocurrency sector with his latest prediction. He indicated that we are on the cusp of a massive altcoin rally, similar to the one we saw in Q1 2024.

We are on the verge of a massive Altcoin rally, similar to Q1 2024📈

Keep accumulating and hold with patience. (Patience will be rewarded)

The majority of #Altcoins have already hit rock bottom and are about to escape.

In my opinion, August-September is going to be epic for Altcoins.🚀🚀#Crypto pic.twitter.com/cMdHagiaYc

— Captain Faibik (@CryptoFaibik) July 24, 2024

Accumulating and Holding Altcoins: The Path to Potential Profits

He stressed the need to accumulate altcoins and hold them patiently, as it will eventually pay off. According to him, the majority of altcoins have already bottomed out and are about to break it. He believes August and September will be epic months for altcoins.

In a chart posted by Captain Faibik, the overall crypto market cap, excluding Bitcoin and Ether, known as TOTAL3, is approaching the upper boundary of a descending channel pattern.

This context suggests a potential breakout and a significant rally towards the $1 trillion mark. Technically, the decline since mid-March is interpreted as a corrective trend for the value of TOTAL3, signaling a preparation to enter a rally structure.

Bitcoin’s influence and legislative developments suggest good prospects for the future

Furthermore, based on sentiment and technical patterns, Bitcoin, the world’s leading cryptocurrency, appears poised to lead the charge in the cryptocurrency market. Bitcoin’s performance often sets the tone for the market as a whole, and a strong move in BTC could trigger a significant rally in altcoins.

Previously, as we have already said reportedSenator Cynthia Lummis said she plans to introduce a bill at the upcoming Bitcoin conference that would require the Federal Reserve to hold Bitcoin as a reserve asset.

If this law passes, the US will treat BTC as a long-term investment rather than selling huge amounts infrequently, which could disrupt the market.

In addition, asset management firm VanEck has proposed a bold scenario in which Bitcoin Price Could Reach $2.9 Million Per BTC By 2050based on its fundamental outlook. Matthew Sigel, head of digital assets at VanEck, and senior investment analyst Patrick Bush noted that their estimate is based on Bitcoin’s adoption as a global medium of exchange and reserve asset.

As Bitcoin price increases, altcoins are expected to gain popularity, indicating the start of a bullish rally shortly after the BTC halving event.

Meanwhile, at the time of writing, the price of BTC was hovering around $67,007.99up 4.67% over the past 24 hours following a short-term correction.