Altcoins
List of altcoins ready to attract market attention
Analyst Miles Deutscher watched his latest video and said that the market was initially expected to peak around November-December 2024. However, current forecasts suggest a more realistic peak in 2025 due to a recent market slowdown and a pause in private funding and new launches. According to him, this slowdown has bought valuable time, which should be capitalized on.
The expert classified altcoins into large groups, with Ethereum (ETH) and associated tokens leading the discussion. The upcoming Ethereum ETF launch on July 7 is expected to boost market performance. As Ethereum continues to make higher lows and hold key support levels, it remains a strong candidate for short-term long positions.
Ethereum-based tokens
He spoke about some Ethereum Tokens He looks after. Ondo forms a flag pattern on the 4-hour chart with support around $1.15. He’s watching closely to see if it can break through this level, potentially targeting $1.30 if so.
Another token, Lido, attempted to break through but faced resistance near key levels, influenced by regulatory news. He wants to see how it reacts to support levels, given the risk of liquidation.
Meme parts
The analyst also drew attention to the good performance of meme coins lately, especially those with cat themes. He noted the growing preference for coins among retail investors, suggesting they might be worth considering despite any personal reservations. Although it is in a downtrend, he said Pepe is forming an interesting trend, suggesting a possible breakout if it rises above critical resistance levels.
Deepin and AI projects
Miles added that specific sectors identified for potential growth include decentralized internet (Deepin) and artificial intelligence (AI) projects. Deepin projects like World Mobile Token (WMT) aim to democratize internet access on a global scale, presenting promising long-term growth potential. At the same time, AI projects like Aether and upcoming networks like Allora are well-positioned to revolutionize the decentralized AI landscape. These projects should attract attention and be valued in the market.