Altcoins Watchlist: Market Expert Spotlights ETH, BLUR, MATIC, And More For Explosive Gains
February 19 2024 - 11:00PM
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Crypto analyst Miles Deutscher has spotlighted several altcoins,
with a special focus on artificial intelligence (AI) tokens, that
demonstrate strong breakout potential in the current market
rebound. ETH On The Rise In a recent post on X (formerly
Twitter), Deutscher suggests that the upcoming Ethereum (ETH)
Dencun upgrade, along with advancements in the AI industry, could
drive significant price movements in related tokens. Related
Reading: NEAR Skyrockets Nearly 30% – Investors Intrigued By These
Metrics Deutscher emphasizes the upcoming ETH Dencun upgrade,
noting that while much attention has been directed towards Bitcoin
(BTC) and exchange-traded fund (ETF) flows, ETH has been steadily
rising against BTC. Interestingly, the analyst expects an
“aggressive” upward movement in ETH at some point, particularly
with the first set of ETF decision dates approaching in May.
Deutscher also highlights the strong performance of AI tokens,
including AGIX, FET, WLD, and RNDR, attributing their recent
success to significant advancements within the AI industry.
According to the analyst, the upcoming earnings report from NVIDIA
(NVDA) on Wednesday could further bolster the bullish sentiment
surrounding AI coins. Highlighted Altcoins And Their
Catalysts BLUR: BLUR is nearing a significant announcement, and
Deutscher notes the token’s recent strength, suggesting the $1 mark
may soon be within reach. The founder’s association with BLAST,
another project, adds to the intrigue. BEAM: Deutscher points out
that BEAM’s treasury holds large MAVIA bags, leading to increased
balances. As the market begins to reevaluate the native token’s
value, Deutscher is intrigued by the fact that BEAM has not gained
widespread attention yet. He also mentions Pantera’s recent
investment/partnership, further supporting his interest. STRK:
Token launch day is Tuesday for STRK, and Deutscher observes that
new token launches often present opportunities for investors. He
will closely monitor STRK’s performance, as success could lead to
airdrop sellers buying back in at higher prices, while continuous
selling pressure could result in price declines. SEI: SEI is
currently near all-time highs, and Deutscher notes positive
sentiment surrounding the project, fueled by an “active team” and
endorsements from key figures. If overall market sentiment remains
positive, Deutscher sees potential for SEI to lead the way. MAVIA:
Deutscher highlights the buzz surrounding MAVIA, drawing parallels
to Axie in its early days. The token’s successful launch and
endorsements from influential figures have added to its long-term
investment appeal. While acknowledging an initial strong run,
Deutscher considers MAVIA a potential dip buying opportunity.
Related Reading: Bitcoin Open Interest Reaches $69,000 ATH Levels,
What This Means For Price As identified by crypto analyst Miles
Deutscher, various altcoins, especially AI tokens, are capturing
attention due to their breakout potential. Factors such as the
upcoming ETH Dencun upgrade and advancements in the AI industry are
expected to influence price movements. Featured image from
Shutterstock, chart from TradingView.com
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