Analyst Miles Deutscher Identifies Altcoins Poised for Retail Rally
December 12, 202416:00 GMT+3
Prominent cryptocurrency analyst Miles Deutscher has outlined a list of altcoins he believes are poised to outperform as retail interest returns to the market.
According to Deutscher, individual investors are taking “the path of least resistance, preferring coins that are easily accessible and listed on major centralized exchanges like Binance, Coinbase, Upbit, and Robinhood.
Retail Interest Fuels Cryptocurrency Market
Deutscher points to a surge in Google search volume for cryptocurrencies as evidence of rising retail interest. As new investors flood into the market, they tend to gravitate toward established platforms and direct investment options.
Coins like Ripple (XRPUSD), Cardano (ADAUSDT), and Algorand (ALGO) are now gaining attention due to their wide availability on major exchanges. It is worth noting that these altcoins have been performing poorly in recent months.
“It’s clear which altcoins will outperform this cycle… There are 16,057 cryptocurrencies listed on CoinGecko, but I’ve narrowed it down to just 90. These are the altcoins that have the best chance of attracting significant retail supply,” Deutscher said.
To determine which altcoins have the best chances of success, Deutscher used data from the APIs of major exchanges.
