Altcoins
Identifying Altcoins That Will Become the “Real Deal” After a Trend Reversal
If history is any guide, Bitcoin and Ethereum are solid cryptocurrencies for trading and wealth creation. But according to one analyst, the real potential for big profits often lies with altcoins. Miles Deutscher shared his analysis on which altcoins look promising in the long term given the current market dynamics. He said that sell-offs often spark speculation about breaking key levels, which raises questions about the broader trajectory of the market.
He described this setup as one of the clearest long-term opportunities he’s seen, with short-term pressures like selling and macro trends balanced with long-term positives like ETFs and upcoming political events. The analyst outlined two main strategies for managing the market: waiting for altcoins to reclaim key support levels or accumulating at key support points.
There was also talk of watching for breakouts on diagonal trendlines, proposing a strategy of buying on retests and adjusting positions upwards, or waiting for potential dips to buy at lower prices and take profits on bounces. He also discussed a scenario where Solana could drop to $80-100, with the intention of accumulating more if such a sharp drop occurs and bounces back.
According to Miles, Ethereum and Solana are strong candidates, with Ethereum benefiting from upcoming ETF launches and Solana showing resilience during recent market turbulence.
Will Meme Coins Outperform?
Discuss the unexpected strength of Meme Coins During recent market downturns, he pointed to the amusing recoveries of popular meme coins like Whiff, Mog Coin, and Popcat. This recovery, he believes, explains a broader trend toward meme coins in the current market cycle, driven by community engagement and cultural appeal rather than technological promise.
He suggested that meme coins could outperform due to liquidity being spread across many new tokens, diluting the value of older ones in the market. The analyst concluded by recommending a thoughtful approach to portfolio adjustments, suggesting a gradual shift over 2-3 months if considering a move to meme coins or other altcoins.
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