Waiting for altcoin season? Well-known analysts reveal 22 coins of concern
Miles Deutscher, a well-known analyst who has more than 500,000 followers on
Altcoins (TOTAL3) excludes the market value of Bitcoin ($BTC) and Ethereum ($ETH), showing the trend changes in the market value of altcoins. Judging from the chart, Deutscher believes that Altcoins (TOTAL3) is expected to break out of the downward trend since March this year.
Although it may be temporarily blocked, once it breaks through, the altcoin market is expected to explode. Deutscher said that ahead of a potential breakout, he has put the following 22 altcoins on his watch list and is optimistic that they will perform well in the future.
Image source: XMiles Deutscher shares the trend of Altcoins (TOTAL3)
The list of these 22 altcoins is as follows, along with their market caps at the time of writing:
Track 1: AI/DePIN
Currency name Market value (USD) Market value ranking $TAO4,040,931,75431$NEAR5,945,201,34121$FET4,348,149,71527$PRIME496,326,796146$ATH251,142,819243$WMT167,109,486 315315
Track 2: Public Chain (Layer 1)
Currency name Market value (USD) Market value ranking $FTM1,853,491,69455$SOL70,409,260,4265$SUI4,534,751,21226
Track Three: Meme Coin
Currency name Market value (USD) Market value ranking $WIF2,146,624,22550$PEPE3,651,695,55233$SUNDOG333,390,648204$POPCAT993,481,36683$FOXY23,002,498999
Track 4: Real World Assets (RWA)
Currency name Market value (USD) Market value ranking $OM1,016,187,74781$ONDO1,136,140,95677
Track Five: Low Circulation/High FDV Venture Coins (VC)
Currency name Market value (USD) Market value ranking $SAGA252,935,334244$ALT285,925,119220$ZRO540,072,624137$TIA1,343,523,28267
Track Six: Blockchain Game (GameFi)
Currency name Market value (USD) Market value ranking $BEAM910,285,36489$SUPER467,921,002154
Analysts offer trend analysis on bullish altcoins
In addition to sharing promising altcoins, Miles Deutscher also made price predictions for these coins (he later added $AAVE, $RUNE and $ENA).
The following is only a summary of the analysis of 3 currencies with large market capitalization. It is for reference only and is not used as an investment basis. The complete analysis can be viewed on Deutscher's Twitter.
Solana ($SOL) trend analysis
Deutscher pointed out that he is observing the stability of $SOL above $150. If it pulls back, $120 to $130 is still the main buying area, and he will choose to add positions in this range, but this also means that Altcoins (TOTAL3) has failed to break through.
Near Protocol ($NEAR) trend analysis
Deutscher pointed out that $NEAR is a public chain project (Layer 1) focusing on AI. From a technical analysis perspective, it is breaking through the downward trend line since March this year. He has taken a position on $NEAR and is assessing whether it will have its next breakout rally.
Sui ($SUI) trend analysis
Judging from the chart, $SUI has been performing strongly recently and is expected to return to all-time highs. Deutscher pointed out that if the altcoin market explodes, it is expected that the buying of $SUI will continue, but from a trading perspective, he will not enter the market now, but will wait until the popularity subsides before considering adding positions.
[Disclaimer] There are risks in the market, so investment needs to be cautious. This article does not constitute investment advice, and users should consider whether any opinions, views or conclusions contained in this article are appropriate for their particular circumstances. Invest accordingly and do so at your own risk.
