Crypto Analyst Predicts Top Altcoins To Make A 10x Return In 90 Days
May 30 2024 - 10:30AM
NEWSBTC
In his latest YouTube video titled “If I Had To 10X My Money In 90
Days, I’d Buy This Crypto Altcoin”, Miles Deutscher, renowned
crypto analyst Miles Deutscher presented a refined outlook on
altcoins he believes are positioned for significant gains in the
next 90 days. Originally aiming to spotlight altcoins capable of a
20x return by the cycle’s end, Deutscher adjusted expectations
based on realistic market analysis, highlighting those with the
potential for a 10x increase. Altcoins With A 10x Potential
Deutscher began his analysis by addressing the volatility and
uncertainty inherent in the crypto markets, particularly within the
altcoin sector. “A 20X return is not easy,” he explained, detailing
the necessity of venturing deep into the risk curve and focusing on
altcoins with smaller market caps to achieve such high returns.
“You’re gonna need to go for coins in the one to $200 million
market cap region, maybe $500 million to a billion,” he added.
Related Reading: Mastercard Expands Crypto Reach With P2P Platform
Launch Across 13 Countries Recognizing the often unpredictable
nature of the crypto market, Deutscher revised his approach: “So
I’m actually going to reduce this question to 10x. I think 10x is
much more realistic for many alts. I like the risk reward on a 10x
more, than a 20x.” Deutscher highlighted several altcoins he
believes hold the potential for substantial gains: Dogwifhat (WIF):
Positioned as the premier meme coin on the Solana blockchain, WIF
was discussed with particular enthusiasm by the analyst. With a
current market cap of around $3.7 billion, Deutscher forecasted a
possible climb to $37 billion, supported by strong community
backing and favorable market conditions. He cited recent price
movements and community engagement as indicators of an imminent
rise, “WIF is starting to break out past this level [at around
$3.60] on the daily, which is super bullish.” Pepe (PEPE): Another
meme coin, Pepe, was noted for its volatility and high-risk,
high-reward nature by Deutscher. Despite achieving a 70x return
personally, Deutscher still foresees a lot of potential. However,
he also advised viewers on the strategy of taking profits
progressively, underscoring the necessity to secure gains in a
high-volatility environment. Prime (Gaming Sector): Turning to the
gaming niche, PRIME was mentioned by the crypto analysis as a
promising candidate for a 10x increase, leveraging the growing
popularity and investment flowing into blockchain-based gaming.
Related Reading: Crypto Expert Says Market Has Begun A Macro
Bullish Expansion – What This Means For Bitcoin And Altcoin Prices
Fantom (Infrastructure) and AIOZ (DePin/AI): Both Fantom and AIOZ
were recognized for their technological innovations and potential
market growth, with Deutscher predicting feasible 10x gains due to
their solid technological foundations and market positions. “Fantom
(FTM) can 10x. AIOZ can 10x,” he stated. Risk Management In Crypto
Importantly, Deutscher emphasized the differentiation in investment
strategies based on coin type and market position. While coins like
Solana and Ondo Finance might not present a 10x gain, their market
leadership and stability offer lower yet significant returns, which
can be crucial for maintaining balance within a diversified
portfolio. “Can Solana and Ondo Finance (ONDO) 10x? Maybe not, but
they’re leaders in their respective sectors. So you may be happy
with a 3, 4x there. Not everything needs to be a 10x. This is what
you also have to understand. Certain coins in your portfolio have a
different purpose. You go in with bigger size, they’re safer. So
you’re not taking on as much risk,” Deutscher explained. He also
discussed riskier ventures such as Astroport, which, due to its
lower market cap, presents a classic high-risk, high-reward
scenario. “The lower the market cap, the easier it is to pump
because the less liquidity it takes to impact the price,” Deutscher
noted, highlighting the speculative nature of such altcoins. At
press time, WIF traded at $3.46. Featured image created with
DALL·E, chart from TradingView.com
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