Despite the recent bounce in the market, there is enough opportunity as many altcoins remain largely undervalued. Analyst Miles Deutscher says that some altcoins could perform exceptionally well if the market gains momentum. In particular, there is a strong belief that altcoins could reach a total market capitalization of one trillion dollars this cycle. That would represent a 57% increase from current levels. This could potentially lead to some altcoins earning 10x or even 20x returns.
“Some tokens will perform very well when ETH reaches $4,000!”
As you’ve been following on Kriptokoin.com, the market has picked up a new bullish momentum. For now, the winds are blowing the sails of cryptocurrencies. This is driving investors to look for tokens with high potential. Popular analyst Miles Deutscher predicts that some altcoins will outperform when the leading altcoin Ethereum reaches $4,000. Many altcoins that performed well in March are expected to continue to perform well if the market sees a significant increase.
Shorter-term data also supports this. Indeed, AI and meme coins have performed strongly during recent market bounces. In particular, the popular meme coin PEPE has bounced strongly from significant levels. Some experts point to PEPE’s potential for significant gains if Bitcoin reaches $100,000.
Altcoins that offer good buying opportunities to throw in the cart!
Miles Deutscher says that Solana, a strong competitor to leading altcoin Ethereum, has been a standout performer throughout the cycle. He also notes that it has maintained its position as a bona fide Tier 1 player. According to the analyst, any major pullback in Solana presents an opportunity for accumulation. Here is the list of other altcoins that the analyst considers suitable for the portfolio and the analyst’s comments:
- Maker (MKR): A leading Real World Asset (RWA) asset with significant upside, MKR is an old coin with most of its dilution already in the market, reducing selling pressure and increasing the potential for strong performance.
- Pendle (PENDLE): This coin made a nice bounce from the $3.30 region and remains relatively undervalued, offering a good buying opportunity.
- Ondo Finance (ONDO): Similar to Pendle, Ondo has fallen from its highs. However, it is showing positive signs of recovery, making it an attractive option.
- Thorchain (RUNE): This altcoin has shown a strong bounce off its support level, making it a promising candidate for accumulation.
- Foxy (FOXY): Another cryptocurrency that reacted positively from its support, moving from 0.01 to 0.014 and bouncing from consistently high timeframe support levels.
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