Cryptocurrency analyst Miles Deutscher, who is closely followed by investors, shared that he revised his altcoin portfolio.
At this point, the analyst stated that he sold some altcoins and instead invested in altcoins that he thought offered better investment opportunities.
Deutscher, who listed the altcoins he would sell and replace in a recent video, said that he first added ONDO to the list of altcoins he would sell due to concerns that Ondo's upcoming token unlock could create price pressure.
Stating that apart from ONDO, he will also sell off popular Layer-2 projects such as Polygon (MATIC), the analyst stated that instead of these altcoins, he will turn to more innovative and high-yield potential projects such as Chintai (CHEX) and Mode.
Apart from these, Deutscher stated that Ethereum (ETH), which did not perform as expected in 2024, will perform well in the long term and stated that he converted his Solana (SOL)s into ETH.
Expressing that his interest in artificial intelligence (AI) projects continues, the analyst stated that he added FET to his sales list because it did not meet his expectations and instead turned to new AI projects such as Virtuals Protocol.
Finally, in the DePIN sector, he stated that he added RENDER to his sales list and focused on projects such as PinLink and AIOZ instead.
*This is not investment advice.