Cryptocurrency analyst Miles Deutscher, who is closely followed by investors, announced the 9 altcoins he will follow this week in his post on his X account.
Drawing attention to the recent correction and deep decline that the crypto market has experienced, the analyst argued that these declines offer interesting opportunities.
Here is the Analyst's Follow List!
1-Bitcoin (BTC)
Stating that GBTC's selling pressure on Bitcoin was the main reason for the decline last week, the analyst said that this selling pressure is now completed.
Pointing out that $ 38,000 is important for BTC, the analyst stated that he expects Bitcoin to go horizontal at these levels and will continue to monitor the chart.
2- RLB:
Stating that RLB has shown a good performance in the last few months, the analyst said that he thinks RLB is in an attractive spot accumulation zone to create a position for the bull in this decline.
3-ONDO:
The analyst stated that ONDO is a new RWA gem and pointed out that ONDO was listed on Binance, ByBit and Coinbase.
“ONDO has a combination of low volatility + high FDV, which generally bodes well for bullish price action. Current levels are potentially a nice dip buying opportunity.”
4-Manta Network (MANTA):
Pointing out that MANTA is still well above $ 2 and showing some strength against the market, the analyst said that MANTA is a new and bright altcoin and is worth watching.
5-METIS:
Stating that Metis has experienced a good pullback, the analyst said that the altcoin project has recently launched an ecosystem fund and is connected to the upcoming Ethereum (ETH) Dencun upgrade.
At this point, the analyst thinks METIS may rise and should be followed.
6- JUP:
The analyst last reviewed Jupiter, saying that the JUP airdrop is on the 31st and that they have just launched the beta version of their launch pad.
“We are in the early stages of the Launchpad season at JUP and we know that the Jupiter team knows how to play the game.
Often these new launches perform well initially, then calm down. That's when I'm interested in creating a position.”
The Weekly Token + Narrative Watchlist is back! 🔎
Many altcoins are bleeding, but this dip is starting to present some interesting opportunities across the board.
Here's what I've got my eye on this week.👇$BTC: The Grayscale selling pressure has been the primary cause of… pic.twitter.com/te2v3UaleR
— Miles Deutscher (@milesdeutscher) January 23, 2024
*This is not investment advice.
