Top Altcoins To Stack For Maximum Gains In July
Anjali Belgaumkar2 Jul 20242 min read
Analyst Kyle Chasse discussed several top altcoins and their performance. He took to his latest video and explained why the mentioned altcoins are in his ‘top list’ for July.
He brought to attention the early success of Pepe coin, stating that it has the potential to be an extraordinary investment. He is very bullish on Pepe coin and said that despite a tough altcoin season in recent months, it will change soon.
Kyle said that WIF was one of his favorites, mentioning its impressive rally. According to Kyle, WIF is currently the most traded altcoin, excluding stables and major coins like Bitcoin, Ethereum, and Solana. He observed that whales might be accumulating WIF, which has driven its volume up to around $500 million recently.
He also discussed Ethereum Name Service (ENS), which he finds very bullish. ENS has shown a strong performance since December, increasing from $9.84 to $30, with a potential to reach its all-time high. Kyle believes that as more institutions like BlackRock start using Ethereum, the demand for ENS will grow, making it a valuable asset.
The analyst then talked about meme coins, mentioning that while Ethereum meme coins are not currently pumping, others like Popcat and Spike are performing well. Popcat, in particular, has shown strength, increasing by 57% recently. Kyle admitted to making a mistake by selling his Popcat holdings too early, missing out on potential gains.
Additionally, Kyle mentioned Runes Terminal, which is launching soon. He finds it interesting because it allows users to create their own tokens within the Runes ecosystem. He advised waiting for price discovery post-launch before making any investments. Kyle also listed Based AI, which he believes is undervalued given its $150 million fully diluted valuation for a layer-1 AI blockchain. He sees it as a great opportunity.
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