Altcoins
List of Altcoins Ready to Grab Attention on the Market
Analyst Miles Deutscher took its latest video and said that it was initially expected that the market would 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 precious time, which should be capitalized.
The expert classified altcoins into major groups, with Ethereum (ETH) and its tokens driving the discussion. The upcoming launch of the Ethereum ETF on July 7 is expected to boost its market performance. As Ethereum continues to hit higher lows and hold key support levels, it remains a strong candidate for short-term long positions.
Ethereum-based tokens
He talked about some of them Ethereum Tokens is watching. Ondo is forming a flag pattern on the 4-hour chart with support around $1.15. It is watching closely to see if it can break above this level, potentially targeting $1.30 if it does.
Another token, Lido, attempted to break out but faced resistance near key levels, influenced by regulatory news. He is interested in seeing how it will react to support levels, considering the risk of liquidation.
Meme coins
The analyst also brought to attention the strong performance of meme coins lately, particularly cat-themed ones. He has noticed 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 possible 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 like Aether and upcoming networks like Then are positioned to revolutionize the decentralized AI landscape. These projects are expected to attract market attention and evaluation.
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