Altcoins
List of altcoins ready to grab market attention
Analyst Miles Deutscher In his latest video, he said that the market was initially expected to peak around November-December 2024. However, the current forecast suggests a more realistic peak in 2025 due to a recent slowdown in the market 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 7th 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 is watching. Ondo is forming a flag pattern on the 4-hour chart with support around $1.15. He is watching closely to see if it can break above that level, potentially targeting $1.30 if it does.
Another token, Lido, attempted to break out but encountered resistance near key levels, influenced by regulatory news. He is interested to see how it reacts to support levels, given the risk of liquidation.
Meme parts
The analyst also drew attention to the strong performance of meme coins of late, particularly those with a cat theme. He noted the growing preference for Meme parts among retail investors, suggesting they could be worth considering despite any personal reservations. Although it is in a downtrend, he said Pepe is forming an interesting pattern, suggesting a possible breakout if it breaks 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 access to the internet globally, showing promising long-term growth potential. Meanwhile, AI projects like Aether and upcoming networks like Allora are well-positioned to disrupt the decentralized AI landscape. These projects are expected to attract attention and be valued in the market.
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