In new video Titled “If I Had to 10x My Money, I’d Only Hold These 4 Altcoins!”, aiming to highlight potential bull market leaders, renowned cryptocurrency analyst Miles Deutscher has dissected the cryptocurrency landscape to identify four altcoins he believes could outperform. market in a big way. His thoughts came in response to a query from his Discord channel about potential 5-10x gains during the current bull market.
Deutscher believes that success in the cryptocurrency markets does not necessarily come from owning a wide range of coins, but rather from carefully selecting a few that have a strong potential narrative. He explained this during his presentation by saying, “You don’t need to own 30, 40, 50, 60 altcoins to get the returns you need. In fact, if you pick the right coins and pick the right narratives, you’re likely to be successful in this market with three, four, or Five alternative currencies.
He also provided strategic insights into typical market behaviors during the summer, a period he describes as a regular seasonal downturn across the cryptocurrency industry. He used historical data to support his claim, asserting that even during bull years, cryptocurrencies suffered during the summer months.
Deutscher reassured his viewers by saying: “Even in the most bullish years for cryptocurrencies, like 2021, the major currencies were looking very bad during the summer months (…) so why start panicking now?”
Deutscher’s top 4 picks for altcoins
Deutscher chose currencies based on their potential for significant returns and their strategic position within the market:
#1 Ethereum: ETH takes the top spot in Miles Deutscher’s choice due to its established role as the leading smart contract platform in the cryptocurrency space. Upcoming Ethereum catalysts, especially the expected approval of Ethereum ETFs in the US, are seen as significant potential value drivers.
Deutscher underscores its importance by saying: “Fully diluted Ethereum is worth $428 billion versus Bitcoin’s $1.2 trillion. I think Ethereum is at a reasonable market value now.”
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He doesn’t expect a 10x return from Ethereum this cycle, but values its potential for steady growth, making it a cornerstone of a well-diversified cryptocurrency portfolio. Deutscher also supports his choice by pointing out the technical aspects: “Ethereum has been in a strong uptrend all the way since $1,500,” suggesting its resilience and upside trends.
#2 Baby: PEPE, a meme coin with a strong cultural imprint, is Deutscher’s second choice. He believes Pepe can perform exceptionally well in a favorable market environment, driven by its strong idea and position as a leading memecoin alongside giants like Dogecoin and Shiba Inu. “Pepe is not only the strongest proxy for high-risk Ethereum proxy trading, but it is also one of the cryptocurrencies on the market with the strongest intellectual share behind DOGE and SHIB,” explains Deutscher.
#3 Solana: SOL was chosen due to its technological prowess and high adoption among developers and users in the cryptocurrency community. Deutscher views Solana as a powerful combination of innovation and market potential, saying: “Solana has been the home of memes, it has been the home of decadence. It has made great strides in terms of technology adoption, and many developers are relying on Solana.”
He acknowledges Solana’s high valuation, but suggests it offers an appropriate balance of risk and reward, predicting that “Solana could potentially be worth $1,000 in a really crazy market.” Solana’s ability to scale and strong community engagement make it a strong candidate for significant gains in the medium term.
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#4 Wi-Fi: Dojoyvat complements Solana in the Deutscher Wallet, serving as the memecoin counterpart to Solana’s technology base. WIF, according to Deutscher, balances the conservatism of more established currencies such as Ethereum and Solana with higher risk and the potential for a higher return.
He believes that WIF is a major player in the meme sector and a strategic choice for those looking to profit from volatile market sectors. He comments on its performance and strategic positioning: “WIF has been a big sell-off; it’s actually trading below a major lower range (…) but if you believe in WIF like I do as a long-term meme coin bet and Solana game, you can just average… In decline.
Cryptocurrency investment strategy and practical tips
Deutscher’s overall strategy blends conservative foundational investments with high-risk and high-reward opportunities. He advocates creating a portfolio that includes a strategic split between fundamental holdings (80%-90%) and speculative bets (10%-20%). He says this approach allows investors to capitalize on the upside while managing risk effectively.
Reflecting on the importance of market timing and portfolio positioning, Deutscher advised his audience: “It’s about accumulating on the big dips (…) and it doesn’t really matter what happens in the meantime.” He emphasizes long-term gains over short-term volatility, and advises investors to stay the course through the ups and downs of the market.
At press time, Ethereum was trading at $3,372.
Featured image from iStock, chart from TradingView.com
