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Renowned Analyst: Altcoins Are Ready for a Major Rally!

Sep 15, 2024
  1. Be Aware of Altcoin Price Volatility
  2. Memecoins Lead the Way
  3. AI and L1-Focused Projects Gaining Attention

In his latest video, widely-followed crypto analyst Miles Deutscher evaluated key factors affecting altcoins, especially as we enter the final quarter of the year. Deutscher emphasized that the crypto market, influenced by seasonal cycles and macroeconomic conditions, could see promising growth in the coming months.

Be Aware of Altcoin Price Volatility

Deutscher cautioned investors about short-term market fluctuations, noting that such periods of volatility can drive weaker investors out of the market. However, he stressed that opportunities still exist for those who accumulate crypto assets over the next six months. The analyst believes it’s not too late to invest in crypto and advises patience.

Memecoins Lead the Way

Miles Deutscher pointed to memecoins as a category to watch. According to him, memecoins like Sundog and Tron-based memecoins have shown stronger performance compared to other cryptocurrencies. Deutscher explained that the solid price action of these coins reflects their 'relative strength,' signaling potential future gains. The strong demand for these coins indicates that memecoins should be taken seriously by investors.

The strong demand for these coins indicates that memecoins should be taken seriously by investors.Miles Deutscher

AI and L1-Focused Projects Gaining Attention

Another category that Deutscher is closely watching is AI-focused projects. He specifically highlighted World Mobile Token (WMT), which he believes is showing signs of recovery. According to Deutscher, WMT is nearing a breakout point at $0.20, and if the market continues to recover, we could see significant price growth above that level. He believes that AI projects, combined with blockchain technology, offer new opportunities and are gaining more attention in the crypto world. Deutscher also pointed to Layer 1 (L1) blockchain projects as essential investments. These projects provide the fundamental infrastructure for blockchain and host new decentralized applications (dApps). Fantom, NEO, and SUI are among the L1 projects on his radar. Fantom has strong growth potential, while NEO stands out as a solid choice for AI-related investments, with more potential than similar projects like Render. SUI, meanwhile, offers opportunities for new projects and the expansion of dApps, making it a critical player in the future of the crypto space.

Miles Deutscher also recommended looking into Real World Assets (RWA) protocols, such as Pendle and OM. These protocols allow the digitalization and trading of real-world assets in the crypto space. Deutscher emphasized that the integration of real-world assets with blockchain is inevitable and urged investors to keep a close eye on these sectors as they offer unique investment opportunities.

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