Altcoins
Top Altcoins Set to Outperform When Bitcoin Hits $100K
Despite the recent market rebound, there are still plenty of opportunities as many altcoins remain largely undervalued. Analyst Miles Deutscher He said that some altcoins could perform exceptionally well if the market picks up momentum. In particular, there is a strong belief that altcoins could reach a total market cap of $1 trillion this cycle, a 57% increase from current levels. This could potentially lead to some altcoins experiencing 10x or even 20x returns,
When Ethereum hits $4,000, the analyst predicts some altcoins will outperform expectations. Many altcoins that performed well in March should continue to do well if the market catches significant supply.
Short-term data supports this, with AI and meme coins showing strong performances during recent market rebounds. Pepe, in particular, is known for its strong rebound from key levels and the potential for significant gains if Bitcoin hits $100,000.
The analyst said that Solana has been a strong performer throughout the cycle, maintaining its position as a true Layer 1 (L1) player. Any major pullback on Solana represents an accumulation opportunity. Here is a list of other altcoins:
Producer: As a top-notch Real World Asset (RWA) with significant utility, MKR is an older coin, with most of the dilution already present in the market, which reduces selling pressure and increases its potential for strong performance.
Slope: This coin has seen a good bounce from the $3.30 zone and remains relatively undervalued, representing a good buying opportunity.
Wave: Similar to Pendle, Ondo is down from its highs but showing positive signs of recovery, making it an interesting option.
Rune: This coin has shown a strong bounce from its support level, which makes it a promising accumulation candidate.
Pomeranian: Another coin that reacted positively to its support, moving from 0.01 to 0.014, steadily bouncing off the support levels on higher time frames.