There are strong rumors that a new Altcoin season is on the horizon. Are you looking to leverage the current altcoin market landscape to make substantial profits? Then, it’s crucial to know which altcoins to pick for investment. While online suggestions are plentiful, it can be daunting to sift through endless recommendations. Don’t worry; there’s a reliable solution: listen to a trusted analyst.
Crypto analyst Miles Deutscher has been sharing his ‘Top Five Altcoins of the Week’ for the past two weeks, and both lists have shown significant promise. Now, he is back with his latest recommendations. It makes sense to heed the advice of a seasoned expert, doesn’t it?
Altcoin Market Growth: The Expectation
Deutscher holds an optimistic outlook on the future of altcoin market growth. In his latest series of X posts, he discusses the current crypto market scenario, particularly his expectations regarding the altcoin market. He asserts that the altcoin market is currently at a key breakout level. Crypto enthusiasts believe that the market will surpass this level, signaling the start of a new Altcoin season.
As the altcoin market stands at a critical juncture, making informed decisions becomes imperative. This is where Deutscher’s ‘Top Altcoins of the Week’ list becomes highly relevant.
My “Top 5 Charts Of The Week” series is off to a banging start. In the past 2 weeks, we’ve hit: $SOL +18%, $FTM +60%, $OM +32%, $AAVE +27%, $SUI +47%. And today, with altcoins approaching a major breakout level, I present to you installment #3. Here are my top 5 charts this week.👇 — Miles Deutscher (@milesdeutscher) September 23, 2024
Top Five Altcoins of The Week: What the Expert Suggests
Deutscher’s latest list includes TAO, FET, SAGA, ALT, and BEAM, with a notable emphasis on AI-tokens. This selection reflects his confidence in the potential growth of AI-tokens.
Bittensor (TAO)
Bittensor (TAO) is a standout AI token on the list. Over the last seven days, it has exhibited massive growth of 86.6%. The current price of TAO is $546.5, up from approximately $280.3 at the beginning of the month. The market has recorded a 66.5% rise over the past 30 days. A strong bullish momentum emerged on September 7, and although there were minor setbacks on September 16 and 17, the momentum remains strong. Over the last 14 days, an increase of at least 99.5% has been recorded.
Artificial Superintelligence Alliance (FET)
Artificial Superintelligence Alliance (FET) is another prominent AI token on the list. FET has seen a growth of 27.3% in the last seven days alone. The price at the start of the month was around $1.1334, and over the past 30 days, the market has witnessed a 34.5% rise. On September 7, buyers took control of the market, and despite attempts by sellers to pull the price down on September 15 and 16, buyers successfully pushed the price upwards. The last 14 days have seen a 33.1% increase.
SAGA
SAGA is another notable altcoin. In the last seven days, the market has seen a rise of 37.8%, with the current price standing at $2.27, up from $1.2633 at the start of the month. Initially, the market showed sideways momentum, ranging between $1.1608 and $1.5425. A strong buying pressure on September 16 pushed the price above this range, reaching a peak of $2.5073 on September 20. Although the price has slipped gradually over the last four days, the expert suggests that it will rise again. Over the last 14 days, the price has recorded a 49.7% increase.
AltLayer (ALT)
AltLayer (ALT) has also demonstrated commendable performance recently. It has grown nearly 63.7% in the last seven days, with the current price around $0.12140, up from $0.07744 at the start of the month. Initially, the ALT market experienced sideways momentum, ranging between $0.08266 and $0.07303. On September 18, it broke above this range, marking the beginning of a strong upward trend. The price grew from $0.08405 to $0.11073 on September 19, and despite three red candlesticks over the next few days, it didn’t fall back to the mid-range of the previous large green candlestick. A green candlestick on September 23 pushed the price to a peak of $0.11827. The market currently appears very bullish.
BEAM
BEAM is the final altcoin in Deutscher’s Top Five Altcoins list. The current price of BEAM is $0.01776, showing an increase of 22.8% in the last seven days. At the start of the month, the price was around $0.0145, but it slipped to a low of $0.01167 on September 6. A bullish trend emerged on September 7, consistently pushing the price upwards, despite minor setbacks on September 11 and 16. The market now appears very bullish.
In conclusion, the charts suggest a positive outlook for the altcoins in Deutscher’s Top Five Altcoins of the Week list. Staying informed and making well-researched decisions could help you maximize your profits in the upcoming altcoin season.
