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Top Analyst Reveals 7 Altcoin Picks for July: Includes PEPE, ONDO, PENDLE, and Others

Jul 6, 2024 #仮想通貨
Top Analyst Reveals 7 Altcoin Picks for July: Includes PEPE, ONDO, PENDLE, and Othersコインチェーン 仮想通貨ニュース

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 altcoin picks for July. Source: Coin Turk
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.