The cryptocurrency market is experiencing a noticeable recovery, with investors actively seeking lucrative opportunities. Miles Deutscher, a renowned analyst at the cryptocurrency channel Crypto Banter, has shared his perspective on the altcoins that could stand out in the coming days. In this report, we will explore the top five altcoins that Deutscher recommends to take advantage of the market rally.
Altcoin 1: THORChain (RUNE)
According to Deutscher, THORChain (RUNE) is a key altcoin to watch this week. The analyst highlights the significant increase in RUNE’s Total Value Locked (TVL), noting that its annual percentage yield (APY) increases as more capital enters its ecosystem. This increase in TVL could trigger a snowball effect, leading to an increase in the price of RUNE.
Altcoin 2: Solana (SOL)
Solana (SOL) has seen explosive price movement in recent weeks, breaking through the weekly resistance level at $48, according to Deutscher analysis. Although SOL has reached impressive levels, the analyst suggests that there could be promising buying opportunities if the altcoin pulls back to this level. This presents a strategic window for investors looking to enter the SOL market.
Gaming Altcoins: Yield Guild Games (YGG) and STEPN (GMT)
Deutscher also anticipates that gaming tokens could be prominent this week, especially with a gaming conference hosted by Yield Guild Games. Gaming altcoins that could benefit the most from this event and potential announcements are Yield Guild Games (YGG) and STEPN (GMT). Investors are keeping an eye on these projects for exciting opportunities.
Altcoin 3: Polygon (MATIC)
The analyst predicts a positive scenario for Polygon (MATIC), based on the growing ZK narrative. Deutscher suggests that a key confirmation of MATIC’s price rise would be its break above $0.92. Subsequently, he predicts that MATIC could reach as high as $1.50 in the short term, offering an attractive potential return for investors.
