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In his latest video analysis titled “These 3 Altcoins Will PUMP Like CRAZY This Week!” popular crypto analyst Miles Deutscher with 533,00 followers on X delves into the potential of three altcoins he believes are set to outperform the market this week: TAO, Spectral, and Neural AI. Deutscher emphasizes that the current market is heavily influenced by specific narratives. According to the latest data, the top three narratives based on market share over the past week are AI, meme coins, and DeFi. “AI is still the number one, meme coins are the number two, and DeFi is the number three. I don’t think this is going to change,” he notes, suggesting that these sectors will continue to attract investor interest. He advises positioning across each of these verticals, particularly in leading tokens, while also exploring opportunities in lower to mid-cap coins that offer higher upside potential. These are Deutscher’s top 3 AI altcoins which could surge “like crazy:” #1 TAO: The AI Crypto Market Leader Deutscher identifies Bittensor (TAO) as the leading AI token. “TAO is the AI leader in my opinion. It’s been pretty much the most responsive asset to AI pumps, and that’s really important because you want to be longing assets when you’re trying to target a particular sector that are actually responsive,” Deutscher notes. With a current fully diluted valuation (FDV) of around $11 billion, Deutscher sees potential for TAO to reach an FDV of $50 billion, implying a possible 4.5x return from its current price. “Obviously, it can go $1,200, $3,000, but it kind of peaks out, I think, at around a $50 billion market cap in my opinion, which is currently 4.5x from where it currently is.” However, he cautions that while significant gains are possible, Bittensor may not offer the extreme multiples that…

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Filed under: News - @ November 12, 2024 4:27 am