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Top Altcoins Poised to Outperform When Bitcoin Hits $100,000
Despite the recent market recovery, there are plenty of opportunities as many altcoins remain undervalued. Analyst Miles Deutscher said that some altcoins could perform exceptionally well if the market gains momentum. Specifically, there is a strong belief that altcoins could reach a total market cap of $1 trillion this cycle, a 57% increase from current levels. This could potentially lead to some altcoins experiencing 10x or even 20x returns,
Once Ethereum hits $4,000, the analyst predicts that certain altcoins will outperform. Many altcoins that performed well in March should continue to do well if the market receives significant supply.
Short-term data supports this, with AI and meme coins showing strong performance during recent market rallies. Pepe, in particular, is noted for its strong recovery from key levels and potential for significant gains if Bitcoin hits $100,000.
The analyst said that Solana has been a standout performer throughout the cycle, maintaining its position as a bona fide Layer 1 (L1) player. Any major pullbacks in Solana present an opportunity for accumulation. Here is a list of other altcoins:
Creator: As a top-tier real-world asset (RWA) with significant utility, MKR is an older coin with most of its dilution already in the market, reducing selling pressure and increasing its potential for strong performance.
Hang: This coin has recovered well from the $3.30 zone and remains relatively undervalued, presenting a good buying opportunity.
Where: Similar to Pendle, Ondo has fallen from its highs but is showing positive signs of recovery, making it an attractive option.
Rune: This coin has shown a strong recovery from its support level, which makes it a promising candidate for accumulation.
Fox: Another coin that reacted positively to its support, moving from 0.01 to 0.014, consistently bouncing off the high support levels of the period.