Altcoins
The best analysts highlight 4 Altcoins to buy
In a new one video titled “If I Owed 10 Times My Money, I Would Only Hold These 4 Altcoins!” Aiming to shed light on potential bull market leaders, renowned crypto analyst Miles Deutscher has analyzed the cryptocurrency landscape to identify four altcoins that he believes could significantly outperform the market. His insights came in response to a question from his Discord channel about potential 5x to 10x gains during the current bull market.
Deutscher believes that success in the cryptocurrency markets does not necessarily come from holding a wide range of coins, but rather from carefully selecting a few coins that have strong narrative potential. He articulated this during his presentation, stating: “You don’t need to own 30, 40, 50, 60 altcoins to get the returns you want. In fact, if you select the right coins and choose the right narratives, you could potentially succeed in this market with three, four or five altcoins.”
He also provided strategic insights into typical market behaviors during the summer, a period he describes as a regular seasonal downturn in the cryptocurrency industry. He used historical data to support his claim, pointing out that even during bull years, cryptocurrencies suffered during the summer months.
Deutscher reassured his viewers by saying: “Even in the most bullish years for cryptocurrencies, like 2021, the majors looked really bad during the summer months […] so why would you start panicking now?
Deutscher’s Top 4 Altcoin Picks
Deutscher chose the coins based on their potential for significant returns and their strategic position within the market:
#1 Ethereum: ETH holds the leading position in Miles Deutscher’s selection due to its established role as the leading smart contract platform in the cryptocurrency sphere. Ethereum’s upcoming catalysts, especially the early approval of US Ethereum spot ETFare seen as significant potential value drivers.
Deutscher highlights the importance of this by stating: “Ethereum has a fully diluted valuation of $428 billion versus Bitcoin at $1.2 trillion. I think Ethereum has a reasonable market cap right now.”
He doesn’t expect a 10x return from Ethereum this cycle, but likes its continued growth potential, making it a cornerstone in a well-diversified cryptocurrency portfolio. Deutscher further supports his choice by highlighting the technical aspects: “Ethereum has seen a strong bullish trend since $1,500,” indicating its resilience and bullish tendencies.
#2 Pepper: PEPE, a meme coin with a strong cultural imprint, is Deutscher’s second choice. He believes Pepper it could perform exceptionally well in a favorable market environment, driven by its strong mindshare and position as a leading meme coin alongside giants like Dogecoin and Shiba Inu. Deutscher explains: “Pepe is not only the strongest proxy to trade Ethereum’s risk appetite proxy, but he is also one of the meme coins on the market with the strongest thought share behind DOGE and SHIB.”
#3 Solana: SOL is chosen for its technological prowess and its significant adoption among developers and users in the crypto community. Deutscher sees Solana as a powerful mix of innovation and market potential, stating: “Solana was the home of meme coins, it was the home of degeneration. It has made great strides in terms of technology adoption and many developers have built on Solana.”
He acknowledges Solana’s high rating but suggests he offers a favorable risk-return balancepredicting that “SOL could potentially go to $1,000 in a really crazy market.” Solana’s growth potential and strong community commitment position her as a strong candidate for substantial medium-term gains.
#4 WIFE: Dogwifhat integrates Solana into Deutscher’s portfolio, serving as a meme coin counterpart to Solana’s technology base. WIF, according to Deutscher, balances the conservatism of more established coins like Ethereum and Solana with a higher risk and potentially higher return profile.
He believes The WIF is a key player in the meme coin industry and a strategic choice for those looking to take advantage of volatile market segments. He comments on its performance and strategic positioning: “WIF was a big sell-off; it is actually trading below a major low range […] But if you believe in WIF like I do with a meme coin bet along a cycle and a Solana play, you could simply average into the lower value.
Cryptocurrency investment strategy and practical advice
Deutscher’s overall strategy combines conservative, fundamental investments with high-risk and potentially high-reward opportunities. He favors portfolio construction that involves a strategic split between core holdings (80%-90%) and speculative bets (10%-20%). This approach, he argues, allows investors to capitalize on the upside while managing risk effectively.
Reflecting on the importance of market timing and portfolio positioning, Deutscher advised his audience: “It’s about accumulating on the biggest dips […] and it doesn’t matter what happens in the meantime. He emphasizes long-term gains over short-term fluctuations, advising investors to stay the course despite the market’s ups and downs.
At the time of writing, ETH was trading at $3,372.
Featured image from iStock, chart from TradingView.com