Altcoins
Best Altcoins for 10x Profits in 90 Days
Crypto analyst Miles Deutscher has called 2024 a “political bull run” and is investing heavily in various crypto altcoins. He advises long-term investors to focus on the top coins in each category and maintain a diversified portfolio.
Its strategy involves trading in the best-performing coins during peak seasons and adjusting investments as market trends change.
Here is an in-depth analysis.
Parts to watch out for
Meme Coins: High Risk, High Reward
Deutscher begins its analysis with the trend coins. He identifies Pepe (PEPE) and WIF as potential leaders in this sector. Despite its high market capitalization, PEPE has strong long-term growth potential. It jumped 39% in just one week, reaching a market capitalization of $5.80 billion, and could soon surpass $6 billion. Forecasts suggest that PEPE could reach $0.0025 by the end of 2024.
WIF, with a lower market cap, has significant upside potential of up to 10x. Over the past six months, WIF has increased by 1,600%, despite a 12% month-over-month decline. Analysts estimate that WIF prices could reach $5-10 in May.
AI Coin
Next on the list is AIOZ, which has a balanced approach, a reasonable market capitalization and an exceptional team. AIOZ introduces decentralized AI, deep Web3 storage and streaming. Its stock trading activity surged after listing on Bithumb, South Korea’s largest exchange.
RWA parts
Ondo stands out in the RWA coin category, with limited unlocks until January 2025, indicating upside potential. Other established players include Pendle and Mantra, with upcoming projects like Red Belly showing promise. Ondo recently hit its all-time high and has maintained its gains, suggesting potential profits to come.
Solution L1s: Going beyond Ethereum
Despite a recent market decline and excitement over Ethereum’s ETF approval, Solana (SOL) surged 24.91% over the past month, from $137.23 to $168.78 $ on May 29, 2024. Investors are curious if SOL will reach $200 in June. Although Solana is a leader in its industry, Deutscher also suggests considering options like Fantom and other protocols worth around $8 billion for potentially higher gains. Despite Solana’s strong performance, other opportunities with slightly higher risks exist.
game pieces
Echelon Prime (PRIME) rounds out Deutscher’s list, popular due to its connection to AI and lower current prices. The future price of PRIME is uncertain, with predictions ranging from significant increases to various other outcomes. Even though analysts are optimistic about its long-term prospects, that may not be the case over the next three months.
Also discover: Altcoins on the verge of an explosion: here are tokens that could be the biggest “buy” before an AltSeason
The “bull run” may be here, but always invest responsibly and never chase fleeting trends.