Famous cryptocurrency analyst Miles Deutscher recently announced his weekly altcoin and trend watch list, which sheds light on several cryptocurrencies that are poised to make significant advances in the coming weeks. Deutscher’s views cover a range of cryptocurrencies and their potential trajectories and offer valuable guidance to the crypto community. Here are the details…
Analyst talked about SOL and artificial intelligence altcoin projects
Solana (SOL) is at the forefront of Deutscher’s watch list. Major announcements await SOL at the upcoming Breakpoint 2023 conference. This event has special significance as it is Solana’s first major conference since the FTX crash. Despite previous incidents of “selling the news” in the crypto space, Deutscher predicts a positive response from the Solana community. Deutscher also noted a resurgence in Artificial Intelligence (AI) trends, with tokens such as AGIX, FET and OCEAN gaining momentum. These tokens are gearing up for a month full of AI conferences.
According to Deutscher, focusing on these established leaders in the AI sector may be preferable to speculating on low-market cap tokens with uncertain futures. Another cryptocurrency on Deutscher’s radar is ARKM, primarily due to OpenAI CEO Sam Altman’s involvement as an investor. Thanks to its ties to the upcoming artificial intelligence conference, there could be significant developments at ARKM. Deutscher also highlighted RNDR, an AI-related altcoin that has experienced significant fluctuations in recent days. He believes that these fluctuations may continue. However, if price movements weaken, it issues a warning note regarding a potential “sell the news” event.
DOGE and XRP are also in focus
Despite the recent decline in interest in Dogecoin (DOGE), Deutscher remains optimistic about its performance. He suggests that DOGE could be a solid performer, especially if retail investor interest increases due to DOGE Day and the possibility of Elon Musk’s Halloween tweet. On November 8-9, Ripple’s ‘Swell Conference’ will take center stage. According to Deutscher, this event will highlight XRP. While rumors of a potential IPO are unfounded, Deutscher believes the speculative nature of the crypto market could lead to FOMO-driven rallies surrounding XRP.
Finally, AR caught Deutscher’s attention by recording the highest number of transactions in its history and showing steady growth. Deutscher suggests that AR could see positive impacts from upcoming Solana conferences, potentially increasing its presence in the market. In summary, Miles Deutscher’s weekly token and trend watch list offers a comprehensive look at the cryptocurrency world. As always, the crypto community is eagerly awaiting the emergence of these events and their impact on the market.
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