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After calling 2024 a “political bull run,” Crypto analyst Miles Deutscher invests heavily in crypto altcoins. He recommends long-term investors focus on leading coins in each category and diversify. His idea is to trade top-performing coins during peak seasons and switch investments as market trends shift.
Here’s a breakdown of analyst’s top picks for each sector:
Meme Coin
He started his analysis with the market trend of memecoins. Pepe and WIF are identified as potential leaders. Despite its high market cap, Pepe is a strong contender for long-term growth potential. Pepe (PEPE), a meme coin, has surged by 39% in just one week, with a market cap of $5.80 billion. It may soon surpass $6 billion. Predictions suggest it could reach $0.0025 by 2024’s end.
WIF, with a lower market cap, presents significant upside potential, possibly up to 10x. Over the last six months, WIF has risen 1,600%, even though it is down 12% month-to-month. Analysts think WIF prices could reach $5 to $10 in May.
AI Coin
Next up is, AIOZ, analyst mentions that it has a balanced approach, reasonable market cap, and outstanding team. It introduces decentralized AI, deep web 3 storage, and streaming. AIOZ’s market activity increased after Bithumb, South Korea’s largest exchange, listed it.
RWA Coin
Ondo is the clear standout, with limited unlocks until January 2025, indicating a potential upside. Other established plays include Pendle and Mantra, with upcoming projects like Red Belly also showing promise. Moreover, ONDO recently reached its all-time high (ATH) and maintained its gains. This week, the token price consolidated, suggesting potential profit booking ahead.
L1 Solution
Despite a recent market dip and excitement over Ethereum’s ETF approval, Solana (SOL) has surged 24.91% in the past month, rising from $137.23 to $168.78 by May 29, 2024. Investors are curious if SOL will reach $200 in June. Analysts consider Solana a leader in its sector but suggest looking at options like Fantom and other protocols around $8 billion for potentially higher gains. Despite Solana’s strong performance, promising opportunities with slightly higher risk exist.
Gaming Coin
Rounding his list analyst mentioned Echelon Prime which is popular due to its link to AI and lower current prices. The future price of PRIME is uncertain, with predictions ranging from a big increase to various other outcomes. Analysts are optimistic about its long-term prospects, but this might not hold for the next 3 months.