Altcoins
List of Altcoins Ready to Grab Market Attention
Analyst Miles Deutscher In his latest video, he said that the market was initially expected to peak around November-December 2024. However, the current forecast suggests a more realistic peak in 2025 due to a recent market slowdown 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 categorized altcoins into broad groups, with Ethereum (ETH) and related tokens leading the discussion. The upcoming launch of Ethereum’s ETF on July 7 is expected to boost its 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 talked about some Ethereum tokens he is monitoring. Ondo forms a flag pattern on the 4-hour chart with support around $1.15. He’s watching closely to see if it can break through this level, potentially targeting $1.30 if so.
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 parts
The analyst also drew attention to the recent strong performance of meme coins, particularly those with cat themes. He noted retail investors’ growing preference for meme coins, 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 globally, showing 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 garner significant attention and market valuation.