Top 5 Altcoins to Watch for 3x Gains Ahead Of FED Rate Cut

This week is shaping up to be pivotal for the crypto market, as the first interest rate cut since 2020 is expected on Wednesday.

According to crypto analyst Miles Deutscher, several altcoins are positioned for explosive growth, depending on how the market responds. Deutscher has revealed his top five tokens to keep an eye on, each selected for its technical setups and strong fundamentals.

Curious to know which tokens are at the top of his list? Read on to discover.

Top 5 Market Picks to Skyrocket

Fantom (FTM)

Deutscher highlights Fantom (FTM) as one to watch, noting that it still has room to grow despite its recent surge. FTM gained 20% last week, outperforming both Bitcoin and Ethereum. Much of this momentum is due to upcoming developments, including the highly anticipated Sonic upgrade, which promises to improve the network’s speed and efficiency.

Fantom’s strength is evident, but Deutscher advises those who entered last week to manage risk carefully. Despite its strong performance, FTM is still trading below the $0.53 neckline in an inverse head-and-shoulders pattern. Should it break through this level, the price could soar to $0.81—representing a potential 56% gain.

Mantra (OM)

Mantra (OM) also remains on Deutscher’s radar after a strong performance last week, gaining 27%. Known for its DeFi capabilities, Mantra has demonstrated steady growth and continues to show promise, particularly in light of macroeconomic factors like the upcoming rate cut. Supported by a loyal community and strong fundamentals, OM could see further gains.

Currently priced at $0.72, Mantra holds the No. 126 spot in the global cryptocurrency rankings, making it a solid candidate for continued growth as the market evolves.

Sundog (SUNDOG)

Sundog, a lesser-known token, surged by 30% last week and could be far from finished. According to Deutscher, Sundog has consistently outperformed other tokens in his portfolio, making it a strong contender for short-term gains. The real excitement, however, may come if Sundog breaks through its all-time high (ATH).

Additionally, whale activity around Sundog has spiked, with $2.5 million in recent purchases, signaling growing confidence in the token. The current price of $0.3597 is supported by bullish technical indicators, and recent liquidations of $90.8K in short positions suggest that Sundog’s upward momentum could continue.

Zero (ZRO)

Zero (ZRO) stands out as Deutscher’s top pick for interoperability plays. He cites two major factors for its potential: its relative market strength and the absence of any token unlocks until July 2025, which could help stabilize its price. If ZRO breaks above the $4 mark, it could pave the way for a substantial rally toward new highs.

Foxy (FOXY)

Though Foxy may be a slower burner than the others, Deutscher highlights its solid rebound from lows. With its next resistance 54% away from current prices, FOXY could accelerate as the Linea airdrop approaches, giving it the potential to be a leading meme coin. This makes it an interesting watch, particularly for long-term holders.

With these five altcoins set for potential gains, the upcoming rate cut could provide the perfect catalyst for further growth. Which of these lesser-known tokens will rise to the top? Watch this space for updates.