- In the traditionally sluggish summer months for the crypto market, despite recent price volatility, analyst Miles Deutscher reveals his top 5 altcoins, including ONDO coin, that he accumulated in July.
- Deutscher believes the market currently offers better prices for investors and considers this a cooling-off period, ideal for research and accumulation.
- Despite recent pullbacks, there are signs of recovery, particularly in altcoins, which Deutscher has focused on this month, including ONDO coin and others.
Discover the top altcoins for July as highlighted by analyst Miles Deutscher, with insights into market conditions and recovery signals.
Top Altcoins to Watch in July: Analyst’s Picks
During the typically quiet summer months for the cryptocurrency market, seasoned analyst Miles Deutscher has identified his top 5 altcoins to accumulate, focusing on ONDO coin, among others. Despite the recent roller-coaster price movements, Deutscher sees this period as a prime opportunity for investors to find favorable prices, urging focused research and strategic accumulation.
Recovery Signals in Altcoins
According to Deutscher, the recent market pullbacks have paved the way for potential recoveries, especially within the altcoin sector. His emphasis this month includes ONDO coin and several others, suggesting that now might be a good time for long-term investors to take advantage of the seemingly favorable market conditions.
Thorchain (RUNE): A Unique Reflexive Asset
Deutscher identifies Thorchain (RUNE) as a significant player due to its “reflexive asset” nature, which could lead to substantial price increases in a bull market. Currently trading around the $3 mark on the weekly chart, this level represents a strong long-term support area. Although RUNE might continue to decline if the overall market remains low, it holds the potential for exceptional performance in the next bull run.
Layer Zero: Solid Fundamentally Despite Market Conditions
Many altcoins with front-loaded emissions have seen substantial losses during the bear market. However, Deutscher notes that fundamentally strong coins like Layer Zero, despite being hard-hit, could experience significant upward price movement once the market conditions improve. The lack of imminent unlocks prevents excessive supply from entering the market, which could pressure prices.
Ondo Finance: A Long-Term Investment Opportunity
Ondo Finance has experienced a notable decline from its peak levels. However, as the narrative around ETH ETFs and the tokenization of real-world assets (RWAs) gains traction, Ondo shows potential. According to Deutscher, for long-term investors, the $1 level serves as a confirmation mark, while the $0.75 level is a crucial support zone.
Prime Echelon: A Rising AI and Gaming Altcoin
Highlighting Prime Echelon from the AI and gaming category, Deutscher points out its substantial pullback and strong support level, making it a valuable candidate for long-term accumulation. This altcoin could stand out in the future, given its current positioning and category.
The Resilience of Meme Coins
Despite the depreciation of many altcoins, leading meme coins like Pepe, Whiff, Bonk, Mog, and Popcat have shown strength during market recoveries. Deutscher emphasizes the importance of meme coins in the crypto community, suggesting a strategy incorporating Bitcoin and prominent meme coins. However, he advises caution with low-market-cap meme coins, recommending a focus on more established ones like Pepe for a balanced approach.
Conclusion
In conclusion, Deutscher’s top picks for July highlight the potential within select altcoins despite broader market uncertainties. His focus on ONDO coin, Thorchain, Layer Zero, Ondo Finance, and Prime Echelon underscores the importance of strategic research and accumulation during market lulls. As always, investors should leverage expert analysis and market insights to navigate the volatility inherent in the cryptocurrency space.
