Altcoins
Major Altcoins Expected to Outperform When Bitcoin Hits $100,000
Despite the recent market rally, there are ample opportunities as many altcoins remain largely undervalued. Analyst Miles Deutscher Some altcoins could see exceptional performance if the market gains momentum. Specifically, there is a strong belief that altcoins could reach a total market cap of $1 trillion during this cycle, a 57% increase from current levels. This could potentially lead to some altcoins experiencing 10x or even 20x returns,
When Ethereum hits $4,000, the analyst predicts that some altcoins will outperform. Many altcoins that performed well in March should continue to do well if the market receives significant supply.
Short-term data confirms this, with AI and meme coins performing well during recent market rallies. Pepe, in particular, is known for its strong rebound from key levels and its potential for significant gains if Bitcoin hits $100,000.
The analyst said that Solana has been a standout performer throughout the cycle, maintaining its position as a true Tier 1 (L1) player. Any major pullback in Solana presents an opportunity for accumulation. Here is a list of other altcoins:
Maker: As a premium real-world asset (RWA) with significant utility, MKR is an older coin with most of the dilution already in the market, reducing selling pressure and improving its potential for strong performance.
Pendulum: This coin has bounced nicely from the $3.30 area and remains relatively undervalued, presenting a good buying opportunity.
Wave: Similar to Pendle, Ondo is down from its highs but is showing positive signs of recovery, making it an attractive option.
Rune: This coin has shown a strong bounce from its support level, making it a promising candidate for accumulation.
Cunning: Another coin that reacted positively from its support, moving from 0.01 to 0.014, bouncing steadily off high time frame support levels.