Altcoins
Potential wealth creators for July 2024
According to analyst Miles Deutscher, July is a crucial month for market positioning, with opportunities extending into August and September. Despite sideways market movements, significant opportunities exist that can be captured, he says. He plans to focus on altcoins with short- to medium-term catalysts, strong narratives, and attractive price levels. Here’s the list:
Ethereum
He likes Ethereum for its liquidity and low volatility, making it a safer choice for those using leverage. He noted the clear uptrend and expected attention from the upcoming Ethereum ETF listing.
Pendulum
The second altcoin he mentioned was Pendle, which he recently traded around $4. Despite significant price drops due to TVL reductions and short squeezes, he believes Pendle is a solid project with significant potential in decentralized finance and real-world assets.
Wave
Another altcoin he is watching is Ondo, especially for short-term trading opportunities. He wants to keep the uptrend going and sees potential for long positions with a tight invalidation. If Ondo gets close to $1, it becomes an interesting entry level, offering a clear invalidation and major support.
Grandpa
It is currently in a significant downward regression channel and flirting with the support level. He sees potential there, at least a 5x return.
Solana
Solana’s transaction fees are performing well, boosted by the launch of celebrity meme coins on its platform. Currently, Solana is crossing the mid-zone, with strong buy zones identified around $126.
Eternally clear
Everclear is poised to become a major player in on-chain abstraction, tackling liquidity fragmentation in DeFi. With a current market cap of $26 million and the backing of major investors, Everclear represents a long-term strategic bet.
Jargon
Lingo, a new gamified rewards platform, is set to launch soon. It offers real-world rewards backed by real estate. The pre-sale phase is active, with options to purchase before or after launch depending on market conditions.
Additional parts:
In the AI space, Prime and Bittensor are attracting attention. Prime, despite recent concerns, presents potential entry points around $7, with expansion targets at $11. Bittensor, a leading AI cryptocurrency, is being watched at the $200 level, offering significant upside potential.
Read also : Top 5 Low-Cap Layer 1 Altcoins to Focus On in 2024