The post List of Altcoins Poised for 10X Growth Amid Crypto Bloodbath appeared on BitcoinEthereumNews.com.

The post List of Altcoins Poised for 10X Growth Amid Crypto Bloodbath appeared first on Coinpedia Fintech News Analyst Miles Deutscher took to his latest video and said that someone asked him a question: “Miles, if you could only hold a few coins to achieve a 5 to 10x return in this bull run, which four coins would you pick?” This question made him think deeply, and he believes his answer could be valuable for everyone. The analyst then explained his strategy for taking risks in the cryptocurrency market, starting with Ethereum as a solid foundation for his altcoin portfolio. He believes Ethereum is strong right now because there’s talk of an Ethereum ETF (Exchange-Traded Fund) getting approved soon. This ETF could bring positive attention to Ethereum, even though it might not cause a huge price jump right away. He pointed out that Ethereum has been steadily going up in value since it dropped to $1,500. As long as it keeps making higher lows, he sees it as a good bet. Compared to Bitcoin, Ethereum’s market value is lower but still reasonable at around $428 billion versus Bitcoin’s $1.2 trillion. Miles thinks Ethereum might not increase tenfold this time, but it could double or triple. Moving on from Ethereum, the analyst likes Pepe as a meme coin. He thinks Pepe could do really well because it’s popular and has a strong community.  Miles identified Solana as another key component of his portfolio, complementing Ethereum’s role. He acknowledged Solana’s high valuation and suggested waiting for lower entry points for better risk-reward ratios. Lastly, the analyst mentioned Whiff as a meme coin connected to Solana. He sees it as another way to balance his investments. His overall strategy is to buy these coins when their prices drop a lot, then hold onto…

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Filed under: News - @ June 24, 2024 11:26 pm