Crypto Expert Predicts: These 8 Altcoins ‘Will Make You Rich’
21 Maggio 2024 - 1:00PM
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In a new YouTube analysis released to his 502,000 followers, crypto
strategist Miles Deutscher shared his insights on the evolving
landscape of crypto investments. Deutscher’s discourse delved deep
into the inefficacies of traditional venture capital (VC)
investment models in the crypto space and proposed an alternative
strategy focusing on certain altcoins which he believes are poised
for significant growth. Deutscher criticized the conventional
VC-backed token launches, stating, “VCs get in at super low
valuations […] Then, when these tokens launch, they’re incentivized
to launch them as high as possible in fully diluted valuation
terms.” This practice, he argued, results in launch prices that are
too steep, blocking effective price discovery mechanisms essential
for healthy market participation by retail investors.The subsequent
overvaluation typically leads to rapid price declines as initial
investors quickly sell off their holdings to realize gains.
Highlighting a shift in market dynamics, Deutscher pointed out that
meme coins have gained popularity as a form of retaliation against
the VC-dominated ecosystem. “People do feel like the game has been
rigged and they want to gain an edge,” he explained. According to
him, the success of meme coins can be attributed to their generally
fairer launch processes compared to traditional VC-funded tokens.
To 8 Altcoins To Buy Now Throughout his video, Deutscher listed
eight altcoins that align with this new investment “meta,”
emphasizing tokens that are “fully diluted and have equally good
narratives.” Each coin is selected based on its tokenomics, Fully
Diluted Valuation” (FDV), market position, and potential for growth
without significant sell pressure from initial large holders:
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Valhalla’: When Will It Start? Solana (SOL): Deutscher views Solana
as a leader due to its technological prowess and significant
community backing. It has shown resilience and innovation, making
it one of his largest holdings due to consistent outperformance.
“Solana has climbed to be one of my biggest holdings due to its
outperformance. It’s a leader in the market for a reason, and
congrats to everyone that’s gotten on board the Solana train with
me.” Ton (TON): TON’s attractive FDV ratio suggests a stable market
entry with less speculative risk compared to other high-valuation
launches. Deutscher highlights its potential for growth without
overwhelming sell pressure. He stated: “TON, being another layer
one, is not just another blockchain. Okay, it’s relatively highly
valued, but it’s mostly diluted in the market, which is good. Its
FDV ratio is actually 68, so it’s a stable investment.” NEAR
Protocol (NEAR): NEAR is emphasized as a strong AI proxy due to its
technological foundation and leadership. Its high level of dilution
(91% FDV) means most tokens are in circulation, reducing sell
pressure. “NEAR comes in at a whopping 91% fully diluted, which
means there isn’t much sell pressure. I do think NEAR is one of the
top L1s, especially acting as a very strong AI proxy because the
founder has his roots in AI,” Deutscher remarked. Injective
Protocol (INJ): With a 94% market cap to FDV ratio, INJ is seen as
having robust market health and less price suppression from
unlocks. Deutscher believes it is poised for resurgence based on
its strong fundamentals and recent market behaviors. “Injective has
a 94% market cap to FDV ratio, which is really impressive and is
one that outperformed earlier in the year but has just started to
stagnate a bit. I think at some point, this is definitely going to
rear its head again as a narrative,” he stated. Related Reading:
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Price Arweave (AR): Deutscher praises Arweave as one of the top
infrastructure plays, not just for data storage but also for its
potential integration with AI. The fact that it’s fully diluted
means minimal sell pressure moving forward. “Arweave positions
itself as one of the top infrastructure plays. It’s still not a
crazy FDV at 3.1, considering it has a 100% circulating market cap,
which means all of the unlocks have taken place.” AIOZ Network
(AIOZ): AIOZ fits into the AI and decentralized content narrative
with its unique offering in decentralized streaming and storage
solutions. The fully diluted status of AIOZ tokens makes them
particularly appealing.”AIOZ is another coin that is fully diluted
in the market. It’s a coin in the deep tech/AI sector. I like what
they’re building and it also includes decentralized storage, but
also it’s decentralized AI compute network,” Deutscher explained.
WIF: Dogwifhat’s fair launch process and full dilution are major
pluses, helping it to achieve strong price performance without the
usual VC-induced sell pressure, according to Deutscher. PEPE:
Deutscher has personally seen substantial returns from Pepe, noting
its recent “healthy cool off” as an opportune time for
accumulation. The coin’s community-driven approach and meme status
offer unique market resilience. “Pepe is another leading meme coin
in my opinion. Very healthy cool off and one that I’m welcoming as
someone that would like to get more exposure,” he revealed. High
Potential Cryptos With Low Float, 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 vesting schedule is public, showing that
most insiders are locked till 2025, minimizing sell pressure and
allowing for price appreciation,” he noted. Concluding his
analysis, Deutscher urged his viewers to adopt a nuanced investment
strategy that leverages both market trends and in-depth token
analysis. He emphasized the importance of buying during periods of
“extreme fear” and selling during “extreme greed” to maximize
returns. At press time, SOL traded at $183.33. Featured image
created with DALL·E, chart from TradingView.com
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