Altcoins
Potential Wealth Builders for July 2024
Second analyst Miles Deutscher, July is crucial for market positioning, with opportunities extending into August and September. Despite the sideways market movements, there are significant opportunities that can be seized, according to him. He plans to focus on altcoins with short- and medium-term catalysts, strong narratives, and attractive price levels. Here is the list:
Ethereal
He likes Ethereal for its liquidity and lower volatility, making it a safer choice for those using leverage. He noted the clear uptrend and expected attention from the upcoming listing of the Ethereum ETF.
It hangs
The second altcoin he mentioned was Pendle, which recently traded around $4. Despite significant price drops due to TVL drops and short squeezes, he believes Pendle is a strong 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 is interested in maintaining the uptrend and sees potential for longs with tight invalidation. If Ondo approaches $1, it becomes an attractive entry level, providing clear invalidation and important support.
Pepper
It is currently in a significant downtrend channel and is flirting with the support level. Sees potential in this, at least a 5x return.
Solana
Solana’s transaction fees are doing well, boosted by the launch of celebrity meme coins on its platform. Currently, Solana is breaking through the mid-range, with strong buying zones identified around $126.
always clean
Everclear is emerging as a significant player in on-chain abstraction, addressing liquidity fragmentation in DeFi. With a current market cap of $26 million and backing from major investors, Everclear represents a long-term strategic move.
Jargon
Lingo, a new gamified rewards platform, is set to launch soon. It offers real rewards backed by real estate stakes. Pre-sales are live, with options to purchase pre-sale or post-launch based on market conditions.
Additional Coins:
In the AI space, Prime and Bittensor are attracting attention. Prime, despite the recent FUD, has potential entry points around $7, with expansion targets at $11. Bittensor, a leading AI coin, is being monitored at the $200 level, offering significant upside potential.
Read also: Top 5 Low-Cap Layer 1 Altcoins to Focus on in 2024