Altcoin

These 8 Altcoins Will Make You Rich

Published

8 months ago

24 May, 2024

In a new YouTube analyses released to his 502,000 followers, cryptocurrency strategist Miles Deutscher shared his insights on the evolving cryptocurrency investment landscape. Deutscher’s speech delved into the inefficiencies of traditional venture capital (VC) investment models in the cryptocurrency space and proposed an alternative strategy focused on certain altcoins that he believes are poised for significant growth.

Deutscher criticized traditional VC-backed token launches, saying: “VCs come in at extremely low valuations […] So when these tokens launch, they are incentivized to launch them as high as possible in terms of fully diluted valuation.” This practice, he said, results in launch prices that are too high, which blocks effective price discovery mechanisms essential for healthy market participation by retail investors. Subsequent overvaluation typically leads to rapid price declines as early investors quickly sell their holdings to realize gains.

Highlighting a change in market dynamics, Deutscher highlighted that meme coins have gained popularity as a form of retaliation against the VC-dominated ecosystem. “People feel like the game has been rigged and they want to gain an advantage,” she explained. According to him, the success of meme coins can be attributed to their generally fairer launch processes compared to traditional VC-funded tokens.

A 8 Altcoins to buy now

In his video, Deutscher listed eight altcoins that align with this new “meta” investment, highlighting tokens that are “fully diluted and have equally good stories.” Each coin is selected based on its tokenomics, fully diluted valuation (FDV), market position and growth potential without significant selling pressure from large initial holders:

Solana (SOL): Deutscher sees Solana as a leader because of his technological ability and significant community support. It has demonstrated resilience and innovation, becoming one of his largest holdings thanks to consistent outperformance. “Solana has become one of my largest holdings due to its outperformance. It’s a market leader for a reason and I congratulate everyone who has boarded the Solana train with me.”

Tonne (TON): TON’s attractive FDV ratio suggests a stable entry into the market with less speculative risk than other highly valued launches. Deutscher highlights its growth potential without overwhelming selling pressure. He said: “TON, being another layer, is not just another blockchain. Okay, it’s relatively high value, but it’s mostly diluted in the market, which is good. Its FDV ratio is actually 68, so it’s a stable investment.”

NEAR (NEAR) protocol: NEAR is emphasized as a strong AI proxy due to its technology base and leadership. Its high level of dilution (91% FDV) means that most tokens are in circulation, reducing selling pressure. “NEAR is fully diluted at 91%, which means there isn’t much selling pressure. I think NEAR is one of the best L1s, especially acting as a powerful proxy for AI because the founder has his roots in AI,” Deutscher noted.

Injection protocol (INJ): With a market cap to FDV ratio of 94%, INJ is considered to have strong market health and minor price suppression due to breakouts. Deutscher believes it is poised for recovery based on its strong fundamentals and recent market behavior. “Injective has a market cap to FDV ratio of 94%, which is really impressive and is one that outperformed at the start of the year but has just started to stagnate a bit. I think at some point this story will definitely emerge as a narrative again,” he said.

Wave texture (AR): Deutscher praises Arweave as a major infrastructure, not only for data storage but also for its potential integration with artificial intelligence. The fact that it is fully diluted means that selling pressure is minimal going forward. “Arweave positions itself as a leading infrastructure operator. It’s still not crazy FDV at 3.1 considering it has a 100% circulating market cap, which means all the breakouts have happened.”

AIOZ network (AIOZ): AIOZ fits into the AI and decentralized content narrative with its unique offering of decentralized streaming and storage solutions. The fully diluted status of AIOZ tokens makes them particularly attractive. “AIOZ is another completely diluted coin on the market. It is a coin in the deep tech/AI space. I like what they are building and it also includes decentralized storage, but also a decentralized AI processing network,” Deutscher explained.

WIFE: Dogwifhat’s right launch process and complete dilution are the key advantages that help it achieve its goals strong price trend without the usual VC-induced selling pressure, according to Deutscher.

PEPPER: Deutscher has personally seen substantial returns from Pepe, highlighting his recent investments “healthy refreshment” as an appropriate time for accumulation. The coin’s community-driven approach and meme status offer unique market resilience. “In my opinion, Pepe is another prominent meme coin. A very healthy refresher and one that I welcome as someone who would like to have more visibility,” she revealed.

High potential cryptocurrencies with low float and high FDV

Deutscher also discussed the potential of investing in low-float, high-FDV tokens under specific conditions. Using Ondo Finance (ONDO) as a case study, he detailed how a deep understanding of tokenomics could reveal hidden opportunities. “ONDO’s maturation schedule is public, which shows that most insiders are locked in until 2025, minimizing selling pressure and allowing price appreciation,” she noted.

Concluding his analysis, Deutscher urged his viewers to adopt a comprehensive investment strategy that takes advantage of both market trends and in-depth token analysis. He stressed the importance of buying during periods of “extreme fear” and selling during “extreme greed” to maximize returns.

At the time of writing, SOL was trading at $183.33.

Price Solana SOL Solana price, 1 week chart | Source: SOLUSD on TradingView.com

Featured image created with DALL·E, chart from TradingView.com

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AltcoinUpdates Staff

We are the editorial team of Altcoin Updates, where seriousness meets clarity in cryptocurrency analysis. With a robust team of finance and blockchain technology experts, we are dedicated to meticulously exploring complex crypto markets with detailed assessments and an unbiased approach. Our mission is to democratize access to knowledge of emerging financial technologies, ensuring they are understandable and accessible to all. In every article on Altcoin Updates, we strive to provide content that not only educates, but also empowers our readers, facilitating their integration into the financial digital age.

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Altcoin

Top 3 Ethereum-Based Altcoins 3 Times

Published

6 months ago

1 August, 2024

AltcoinUpdates Staff

Despite the increasing selling pressure in the cryptocurrency market, mid-cap and small-cap altcoins have seen an increase in buying sentiment. This indicates a shift in interest among users towards these cryptocurrency tokens.

Are you thinking of investing in ETH-based altcoins for the next AltSeason?

Scroll down because in this article we have covered the top three Ethereum-based altcoins that have the potential to see a huge uptrend in their respective portfolios in the near future.

Safe Price Analysis (SAFE):

Despite the growing bearish sentiment in the cryptocurrency market, SAFE price has seen bullish price action for the third consecutive day, highlighting the increased price action for the altcoin in the market. Furthermore, it is currently trading at a discount of 76.3% from its ATH of $4.01.

TradingView: SAFE/USDT

The technical indicator, MACD, shows a steady decline in the red histogram, highlighting an increase in bullish sentiment in the cryptocurrency market. In addition, the averages show a potential bullish convergence, suggesting a high possibility of a positive reversal.

If the bulls continue to gain momentum, SAFE coin price will prepare to test its resistance level of $1,450. On the contrary, a bearish action could send this altcoin crashing towards a new all-time low (ATL).

Aethir (ATH) Price Analysis:

Aethir price has seen a bullish price action adding over 10% to its portfolio with a trading volume of $40.126 million despite a bearish cloud over the cryptocurrency space. Notably, with a market cap of $292.916 million, this altcoin has secured the 216th position in the global cryptocurrency list.

TradingView: ATH/USDT

The MACD indicator has been showing a steady rise in the green histogram. However, its RSI has been showing a strong bearish curve in the 1D time frame. This suggests mixed sentiment for the ATH price in the cryptocurrency market.

If the market holds Aethir price above its important support level of $0.07050, the bulls will gain momentum and prepare to test its upper resistance level of $0.08415. On the contrary, if the bears overpower the bulls, this altcoin will prepare to test its low of $0.06435.

Neiro Ethereum (NIERO) Price Analysis:

Built on the Ethereum chain, Neiro Ethereum is a project that has a total supply of only 1 billion tokens. Positively, it has no buy/sell fees or team tokens for governance or community approach. It operates on its own and promotes itself as the next big opportunity in the cryptocurrency world.

With a trading price of $0.1852 and a total supply of 1 billion tokens, it has successfully secured the 234th position in the global cryptocurrency ranking, with a market capitalization of $185.446 million.

Notably, it is up 53.86% over the past day with a trading volume of $36.64 million, a decline of 7.68%. Furthermore, it is up about 1,200% since its inception, highlighting a strong bullish outlook for the altcoin in the near future.

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Altcoin

Top 6 Altcoins Set for Explosive Rally Before 2025

Published

6 months ago

1 August, 2024

AltcoinUpdates Staff

The cryptocurrency market is on the verge of significant change as we approach 2025. The Altcoin Daily Analyst Austin predicts that any changes in monetary policy could trigger a strong rally in altcoins, especially with a possible turn in the Federal Reserve’s benchmark interest rate expected in September.

This pivot could drive explosive growth in the cryptocurrency market, benefiting Ethereum, Solana, and several promising new altcoins. Here are some altcoins ranging from under $1 to $2 that can give you the highest returns in the current market crash.

We are excited, are you? Let’s dive in!

Top 6 Cryptocurrencies to Watch

Aethir: The Decentralized GPU Marketplace

Aethir is positioning itself as a leader in decentralized cloud infrastructure for gaming and AI. With over $36 million in annual recurring revenue, Aethir is addressing the growing demand for GPU computing driven by major tech companies like Google and Microsoft. Its decentralized infrastructure leverages underutilized GPUs, making it a key player in the burgeoning tech industry. The current price is $0.07176.

Ondo: The Best Bet in the RWA Sector

Next up is Ondo, whose real-world asset protocols are changing the tokenization of financial assets. With an annual dividend of 5.3% USDY, ONDO is the governance token for the Ondo DAO and Flux Finance. This token has seen strong demand, demonstrated by consistent investor buy-ins. Recently, ONDO’s price has dropped 35% in two months, forming a triangle pattern that suggests a breakout. Rising OTC holdings and reduced selling pressure suggest a bullish outlook. The current price is $0.9251.

Lukso’s social and cultural blockchain unites creators, brands, and users. An Ethereum doppelganger, Lukso adds Universal Profiles and gas-free transactions to blockchain usage. Its creative strategy and strong leadership make it a blockchain mass adoption project to watch. Current price is $1.71.

AIT Protocol: Decentralized AI Data Annotation

The AIT Protocol addresses the need for decentralized work in AI data annotation. Uniquely, the AIT Protocol connects human trainers with AI model owners to improve AI models through a decentralized marketplace. However, its adoption in Asia and strategic investments suggest that it could disrupt AI. The current price is $0.1169.

Foxy (Line): Meme coin with level 2 potential

Foxy, a meme coin for Linea Layer 2 Ethereum scaling, has an endorsement from ConsenSys. Foxy stands out in Ethereum Layer 2 due to Linea’s MetaMask integration and fast transactions. Additionally, Linea adoption and reduced transaction costs are influencing its growth. The current price is $0.01116.

Off the Grid: Emerging Altcoin for Gaming

Lastly, on the list is Off The Grid, developed by Godzilla. This highly anticipated AAA game promises to make waves in the crypto gaming industry. Although it hasn’t launched yet, positive feedback from industry experts supports its potential success.

Infrastructure projects like Immutable and specific games like Xers and Star Heroes are also worth considering for those interested in crypto gaming.

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Altcoin

Top Analyst Admits He Ignored XRP For Years, But Now Finds XRP Chart Very Interesting

Published

6 months ago

1 August, 2024

AltcoinUpdates Staff

Top Analyst Admits He Ignored XRP For Years, But Now Finds XRP Chart Very Interesting

Scott Melker, host of The Wolf of All Streets podcast, said he hadn’t paid attention to XRP charts for a while, but now finds them intriguing.

Melker revealed this in a recent send after analyzing XRP’s pattern on the weekly timeframe. He shared a chart that suggests XRP is on track to break out of a significant resistance channel.

While acknowledging that a rejection is likely, Melker noted that a subsequent breakout is on the horizon. Furthermore, the analyst emphasized that regardless of an individual’s perception of XRP and its performance, this upcoming price action is worth keeping an eye on.

Notably, Melker’s latest analysis on XRP comes as the asset has outperformed the broader bear market, which staged a solitary comeback while others fell. XRP surged more than 10% on Wednesday, briefly emerging as the day’s best-performing cryptocurrency among the top 100.

This development has triggered renewed interest in XRPeven among market observers like Melker and Ali Martinez, who rarely comment on XRP’s price action.

XRP Resistance Levels to Watch

In his latest commentary, Melker identified immediate resistance levels that XRP must overcome on its climb to higher prices. These levels include $0.75 and $0.93, which XRP must overcome to reach $1, with additional barriers at $1.3 and $1.9.

Scott Melker's XRP Chart Scott Melker’s XRP Chart

Interestingly, for the immediate barrier of $0.75, Melker is not the only analyst to emphasize its importance before aiming higher. Analyst “Crypto Adict” also commented on this level yesterday, urging caution versus ambitious goals like $100 when there are more immediate challenges.

The impact of this resistance level was evident in March when XRP rose to $0.744 in one day but he was unable to continue his ascent.

In his analysis, Ali Martinez echoed Melker’s sentiment by highlighting the $0.93 price level as a significant hurdle. Martinez stressed out that once XRP breaks above this level, it will effectively end its nearly seven-year downtrend, opening the door to higher highs.

At press time, XRP is back just above $0.60 after hitting $0.6556 yesterday, reflecting an 8% decline in the past 24 hours. Notably, XRP’s uptrend has been interrupted by Bitcoin’s volatility, as the leading asset fell back to the $63K range yesterday.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the personal views of the author and do not reflect the views of The Crypto Basic. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Altcoin

Dogecoin (DOGE), ETFSwap (ETFS), and Shiba Inu (SHIB) are poised to lead the altcoin rally in a big way

Published

6 months ago

1 August, 2024

AltcoinUpdates Staff

Dogecoin (DOGE), ETFSwap (ETFS), and Shiba Inu (SHIB) are poised to lead the altcoin rally in a big way

Dogecoin (DOGE): Altcoin Rises From Meme Origins to Market Rally’s Top Spotlight

Dogecoin (DOGE), initially launched in 2013 as a “joke currency” based on a popular Shiba Inu meme, is now positioned to lead a major altcoin rally. Despite its humorous origins, Dogecoin is gaining popularity among investors due to its platform utilities, including transaction speed and payment methods. Currently, Dogecoin (DOGE) is trade at around $9,139, a recovery followed by a weekly low of $0.11.

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