Popular crypto analyst Miles Deutscher has put forward his recommendations for which cryptocurrencies to sell and explained his preferences for investments across various sectors.
Real-World Assets: Changes in Investments
ONDO, one of the most successful tokens of this cycle, is raising concerns due to its $20 billion valuation. This November, the project faces a token unlock challenge that could lead to selling pressure, despite attempts to counterbalance it with positive announcements. Meanwhile, CHEX is emerging as an interesting option with its $770 million valuation.
Layer 1: Shifts in Strategy Between Solana and Ethereum
The analyst highlighted the market dynamics shifting in favor of Ethereum, despite Solana's performance. He also pointed out potential high-risk investment opportunities such as Hyper Liquid, which has shown growth and holds a reasonable $9 billion valuation.
Layer 2 and AI: Investment Prospects
The Layer 2 sector is seeing renewed interest in Mode, due to its unique position in the AI agent ecosystem. While the AI sector leader, Alliance FET, maintains a high valuation, newer projects like Virtuals Protocol and Spectral are positioning themselves as frontrunners in the AI revolution.
Miles Deutscher emphasizes the importance of timely reassessment of investment strategies in the rapidly evolving cryptocurrency market, evaluating not only the power and potential but also the risks.
