Crypto Expert Discloses ‘Hidden Altcoin Gem’ With 1,900% Upside
October 29 2024 - 6:30PM
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In his latest video analysis titled “I Just APED Into This Hidden
RWA Altcoin Gem! [20x Potential],” prominent crypto analyst Miles
Deutscher unveiled Chintai (CHEX) as his latest high-conviction
investment within the Real World Assets (RWA) sector. Deutscher
believes Chintai could offer significant upside potential—up to
1,900% (20x)—in the upcoming market cycle. Deutscher has
consistently highlighted RWA tokens as one of his top investment
narratives, ranking third behind memecoins and AI for this crypto
bull run. “When I look at narratives that can actually change the
fabric of crypto and really offer a new value add, I think RWA is
massive,” he stated. He emphasized the growing appeal of on-chain
treasury yields, especially as traditional decentralized finance
(DeFi) yields diminish and interest rates decline. The analyst
previously capitalized on early investments in ONDO and Mantra
(OM), both of which have seen substantial gains. ONDO, for
instance, delivered a 7x return from his initial entry point.
However, Deutscher now considers these assets to be reaching
overvalued territories. “Valuation-wise, though, it’s pretty insane
considering the fact that its market cap’s a billion, but it’s
fully diluted valuation (FDV) is $7.1 billion,” he said regarding
ONDO. Related Reading: Crypto Analyst Unveils The ‘True Time To
Sell It All’: Here’s When Deutscher has been reallocating his
capital into what he perceives as undervalued opportunities within
the RWA space. Alongside Clearpool (CPOOL), which he mentioned has
already gained 42% since his initial disclosure, Chintai (CHEX)
stands out as his newest and largest RWA position. “This one I’m
also really, really bullish on. It’s tough for me to say if I’m
most bullish on this, but it might be the one that I’m most bullish
on in the RWA sector,” he remarked. Chintai differentiates itself
by being one of the few RWA-focused layer-one blockchains regulated
by the Monetary Authority of Singapore (MAS). “If you know
Singapore, they are so strict with due diligence. It’s really hard
to get a license; they fought for a license and they’ve got it,”
Deutscher noted. This regulatory approval positions Chintai to
attract significant institutional capital, potentially channeling
billions of dollars in total value locked (TVL) onto their chain.
The analyst highlighted Chintai’s robust fundamentals, including
its extensive list of major clients and partnerships, such as DHC,
Finstable, and Greengate. “They are basically a marketplace for
tokenization, an L1 blockchain for RWA tokenization,” he explained.
The platform has already facilitated over $630 million worth of
loans and is set to launch “OZEAN,” a blockchain for RWA yield
supported by Optimism, early next year. Related Reading: Top Crypto
Analyst Unveils Best Altcoins For The 2025 Bull Run From a
valuation perspective, Deutscher sees substantial upside potential.
Chintai currently has an FDV of approximately $250 million,
significantly lower than Mantra’s $1.37 billion FDV. “If CHEX—even
in a static market without the market growing at all—does a 6x,
that’s just now matching Mantra,” he calculated. Considering the
potential growth of the RWA market, the upside could be even more
pronounced. “What if the RWA market 2x’s? Because I think it’s
going to be a very strong narrative next year; then you could be
looking at a 14x.” Despite its strong fundamentals, Deutscher
acknowledges that Chintai’s lower valuation compared to its peers
is largely due to a lack of market awareness. “Why is there that
discrepancy despite the fundamentals being just as, if not more
strong, for Chintai? Just marketing,” he observed. Mantra has
excelled in marketing efforts, attracting considerable attention in
the crypto community. “Once Chintai can improve its awareness—and
I’m actually giving it more awareness by making this video—that is
the only key that it’s missing.” On the technical front, Deutscher
finds Chintai’s chart promising. “What I also like from a technical
analysis perspective is the fact it’s hovering above this zone,
which, if you are technically inclined, you have that technical
invalidation,” he said, pointing out the potential for a
significant move to previous highs. He remains cautiously
optimistic about price targets, emphasizing prudent profit-taking
strategies. “I don’t want to get carried away with crazy price
targets… I’m never greedy in this market.” Deutscher concludes that
Chintai’s combination of regulatory compliance, institutional
appeal, and undervalued status makes it a compelling investment.
“They can actually attract institutional capital because of the
licensing and because of the product they’ve built,” he affirmed.
At press time, CHEX traded at $0.2874. Featured image created with
DALL.E, chart from TradingView.com
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