Altcoins
List of altcoins ready to capture attention in the market
Analyst Miles Deutscher watched his latest video and 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 market slowdown and a pause in private funding and new launches. According to him, this slowdown has bought valuable time, which should be capitalized.
The expert categorized altcoins into main groups, with Ethereum (ETH) and related tokens leading the discussion. The next launch of the Ethereum ETF on July 7 is expected to boost its 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 talked about some Ethereum tokens he is looking at. Ondo is forming a flag pattern on the 4-hour chart with support around $1.15. He is watching closely to see if he can break above this level, potentially targeting $1.30 if he can.
Another token, Lido, tried to exit but encountered resistance near key levels, influenced by regulatory news. It is interesting to see how it reacts to support levels, considering the risk of liquidation.
Meme Coins
The analyst also highlighted the strong performance of meme coins lately, especially cat-themed ones. He noted the growing preference for meme coins among retail investors, suggesting they may be worth considering despite personal reservations. Despite being in a downtrend, he said Pepe is forming an interesting pattern, suggesting a potential breakout if it clears critical resistance levels.
Deepin and artificial intelligence projects
Miles added that specific sectors identified for potential growth include decentralized internet projects (Deepin) and artificial intelligence (AI). Deepin projects such as World Mobile Token (WMT) aim to democratize internet access globally, presenting promising long-term growth potential. Meanwhile, AI projects such as Aether and upcoming networks such as Allora are positioned to disrupt the decentralized AI landscape. These projects are expected to attract market attention and valuation.