Altcoins Primed for Massive Rally: Top Coins Still Offering Big Gains in the Next Six Months
Anjali Belgaumkar14 Sept 20241 min read
Analyst Miles Deustcher took to his latest video and opened up about several key factors influencing the altcoin market, especially as we head into Q4. He explained that from a macro perspective, seasonal patterns, and crypto-specific factors, the next few months look promising. He believes we’re moving out of the accumulation phase and entering an expansion phase. This period typically sees upward price movements and market growth.
There might still be some volatility in the short term, with price fluctuations that shake out weak hands. However, Miles is confident that the next six months will be better, and those still accumulating crypto assets are not late to the game. So what coins should you accumulate next?
Memecoins:
Miles said that memecoins like Sundog and the Tron memes have shown strength compared to the rest of the market. Relative strength means that these coins are performing better in terms of price action, showing strong demand and possibility for future gains.
AI Coins:
AI-focused projects are another category Miles is watching closely. He mentioned WMT (World Mobile Token) as one of the AI coins showing signs of recovery. WMT is flirting with a breakout around the $0.20 level, and if the market continues to improve, it could see significant upside.
Layer 1 (L1) Coins: Out of all the L1 blockchains, Miles prefers Fantom, NEO, and SUI Fantom is poised for growth, while NEO is seen as a strong proxy for AI-related investments, even more so than Render.
Real World Asset (RWA) Protocols:
RWA protocols are gaining attention, with Pendle and OM being some of Miles’ favorite picks in this space. These protocols are focused on bringing real-world assets onto the blockchain, creating opportunities for growth as this sector evolves.
