Altcoins
Best Altcoins to Accumulate for Maximum Gains in July
Analyst Kyle Chasse discussed several top altcoins and their performance. He presented his latest video and explained why the mentioned altcoins made his “Top List” for July.
He drew attention to the early success of the Pepe coin, saying that it has the potential to be an extraordinary investment. He is very bullish on the Pepe coin and said that despite a difficult altcoin season in recent months, that will soon change.
Kyle stated that WIF is one of his favorites, citing its impressive rally. According to Kyle, WIF is currently the most traded altcoin, excluding stablecoins and major coins like Bitcoin, Ethereum, and Solana. He observed that whales could be accumulating WIF, which recently pushed its volume to around $500 million.
He also discussed Ethereum Name Service (ENS), which he finds very bullish. ENS has performed strongly since December, rising from $9.84 to $30, with the potential to reach its all-time high. Kyle believes that as more institutions like BlackRock start using Ethereum, demand for ENS will increase, making it a valuable asset.
The analyst then spoke about Meme partsmentioning that while Ethereum meme coins aren’t currently booming, others like Popcat and Spike are doing well. Popcat, in particular, has shown strength, rising 57% recently. Kyle admitted that he made a mistake by selling his Popcat holdings too early, missing out on potential gains.
Additionally, Kyle mentioned Runes Terminal, which is launching soon. He finds it interesting because it allows users to create their own tokens within the Runes ecosystem. He advised waiting for price discovery after launch before making any investments. Kyle also listed Based AI, which he believes is undervalued given its fully diluted valuation of $150 million for a Layer 1 AI blockchain. He sees it as a great opportunity.
Read also: Ether Spot ETFs Will Attract $5 Billion Inflows In Just 6 Months, Predicts Gemini AI