Popular cryptocurrency analyst Miles Deutscher, who has more than 350,000 followers on Twitter, shared his weekly watchlist of altcoins he's considering.
In a tweet today, Deutscher listed 14 altcoins it thinks have the potential to perform well or badly in the coming days, based on a variety of factors including news, hype, fundamentals and techniques.
The tokens Deutscher tracks include SHIB, HBAR, DOGE, SAND, PEPE, RLB, COCO, WINR, RUNE, THOR, DYDX, UNIBOT, and APE. He also talked about SEI, a new token that will be released tomorrow, and said he previously shared a guide on how to claim the airdrop.
Deutscher also explained the rationale for each token in his tweet. He also added a warning that his tweet is not any investment advice and that he may change his views at any time.
Some of the highlights from the analyst's watchlist include:
- SHIB: Memecoin is launching its Shibarium L2 platform this week, which could trigger a short squeeze or sell rumor event, according to the analyst.
- HBAR: Experienced a token pump due to the news that the FED has added an HBAR-enabled platform to its list of service providers. However, the analyst said he doubts the rally will last long.
- DOGE: Deutscher claimed it looks good structurally and if the market stays neutral to bullish, there could be an upside move.
- SAND: The token will have a major unlock today and 16% of the supply will be unlocked. Deutscher said most unlocks are priced in, but overnight 16% matters.
- APE: This memecoin has crashed in the last six months, according to the analyst, but Deutscher said the upcoming Apefest and new games will be released.
- DYDX: DYDX is launching its public V2 Testnet tomorrow. However, he stated that in this event, there may be an event in the style of buying and selling the rumor, but he did not have much of an opinion.
*Not investment advice.
