Crypto analyst Miles Deutscher has identified seven altcoins to watch inJuly,includingPEPE,ONDO,andPENDLE.These picks are based on marketperformance,potentialcatalysts,and underlyingfundamentals.
Points
- MilesDeutscherrevealssevenaltcoinpicksforJuly.
- KeyfactorsinfluencingthemarketincludeEthereumETFlaunchandpoliticalchanges.
- HistoricalperformanceofBitcoinandseasonaltrendsareconsidered.
- Theselectedaltcoinsshowpotentialforsignificantgrowth.
- Theanalystemphasizesbuyingduringbearishsentimentandtakingprofitsduringbullishpeaks.
Top crypto analyst Miles Deutscher has revealed his top seven altcoin picks forJuly,sharing his insights in a YouTubevideo.Deutscher’sselections are based on a combination of marketperformance,potentialcatalysts,and underlyingfundamentals.He noted that the historical performance of Bitcoin in June has typically beennegative,with an average return of-6.96%.However,July has historically performedbetter,with an average return of7.39%.
Key factors influencing the market include the launch of EthereumETFs,potential politicalchanges,and the distribution of$16billion fromFTX.The general market sentiment is currently in a phase ofapathy,suggesting potential for future buyinginterest.
Top altcoinpicksforJuly.Source:CoinTurk
Ethereum（ETH）:Currently pivoting off a keylevel,with the Eth ETF listing expectedsoon,which could act as a pricecatalyst.
Pendle（PENDLE）:The analyst has already entered a buy at$4due to oversold conditions and strongfundamentals,with interest inre-entryat$3.20if further dipsoccur.
Ondo（ONDO）:Watching for long opportunities around$1and potential scalp trades based on maintaining the currentuptrend.
Pepe（PEPE）:Major support at$0.00001080with invalidation at$0.00000940,seen as a leading meme coin with strong future growth
potential.
Solana（SOL）:Interested in accumulating during majorpullbacks,viewing SOL as a significant portfolioholding.
Everclear（EVER）:Focused on solving liquidity fragmentation in the cryptomarket,considered along-termaccumulation.
BitTensor（BTT）:Leading AI coin with strong future growthpotential.
In addition to thesepicks,Deutscher highlights niche marketnarratives,particularly inAI-relatedprojects like Prime（PRIME）and similarventures,which he views as having significantpotential.The analyst advocates for buying during periods of bearish sentiment and taking profits during bullishpeaks,emphasizing a strategic approach to maximizegains.
Explanation
- MilesDeutscher’sselectionofsevenaltcoinsforJulyisbasedonathoroughanalysisofmarkettrends,potentialcatalysts,andtheunderlyingfundamentalsofeachproject.
- ThehistoricalperformanceofBitcoinandseasonaltrendsareimportantconsiderations,withJulytypicallyshowingbetterreturnsthanJune.
- KeyfactorssuchasthelaunchofEthereumETFs,politicalchanges,andsignificantdistributionsfromentitieslikeFTXareexpectedtoinfluencemarketdynamicsandpresentopportunitiesforgrowth.
- Theidentifiedaltcoins,includingEthereum,Pendle,Ondo,Pepe,Solana,Everclear,andBitTensor,eachhaveuniquestrengthsandgrowthpotential,makingthemnoteworthyinvestmentsforthemonth.
- Thefocusonnichemarketnarratives,particularlyinAI,reflectstheevolvinglandscapeofthecryptocurrencymarketandtheemergenceofnewsectorswithsubstantialgrowthprospects.