Altcoins
List of Altcoins Ready to Get Attention in the Market
Analyst Miles Deutscher viewed his latest video and said that it was initially expected that the market would peak around November-December 2024. However, current forecasts suggest a more realistic peak in 2025 due to a recent market downturn and a pause in private financing and new launches. According to him, this slowdown has saved valuable time, which should be capitalized on.
The expert classified altcoins into main groups, with Ethereum (ETH) and associated tokens leading the discussion. The upcoming Ethereum ETF launch on July 7th is expected to boost market performance. As Ethereum continues to make higher lows and hold key support levels, it remains a strong candidate for short-term long positions.
Ethereum-based tokens
He spoke of some Ethereum Tokens he is watching. Ondo is forming a flag pattern on the 4-hour chart with support around $1.15. He is watching closely to see if it can break above that level, potentially targeting $1.30 if it does.
Another token, Lido, attempted to break through but faced resistance near key levels, influenced by regulatory news. He wants to see how it reacts to support levels, given the risk of liquidation.
Meme Coins
The analyst also drew attention to the good performance of meme coins lately, especially those with cat themes. He noted the growing preference for coins among retail investors, suggesting they might be worth considering despite possible personal reservations. Although it is in a downtrend, he said Pepe is forming an interesting pattern, suggesting a possible breakout if it rises above critical resistance levels.
Deepin and AI projects
Miles added that specific sectors identified for potential growth include decentralized internet (Deepin) and artificial intelligence (AI) projects. Deepin projects like World Mobile Token (WMT) aim to democratize internet access on a global scale, presenting promising long-term growth potential. Meanwhile, AI projects like Aether and upcoming networks like Allora are poised to revolutionize the decentralized AI landscape. These projects are expected to attract attention and valuation in the market.
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