Crypto expert Miles Deutscher, altcoin He calls on investors to approach the market cautiously, drawing attention to the increasing expectations around ‘s. Miles noted that many altcoins are exciting and promise huge returns of up to 100x the money. However, he thinks this is unrealistic, especially for well-known cryptocurrencies like Bitcoin or Ethereum. He emphasized that the more valuable a coin is, the more difficult it is to grow.
Miles suggests instead looking at newer, smaller coins in areas like online gaming, artificial intelligence and finance. These smaller projects may have more room to grow, he says. While discussing promising altcoin sectors, Miles focuses on specific projects in the crypto gaming space, such as Axie Infinity, and layer-one blockchain infrastructure projects, e.g. solana and points to Cardano.
Regarding Tier 1 tokens, he expresses interest in AOS due to its ties to the DPIN narrative, which he believes will increase demand for computing resources. Similarly, projects such as Zeta Chain and Alium are attracting attention due to their potential in the Tier 1 space, although they have different degrees of risk.
Beyond gaming and Tier 1 tokens, he sees promise for significant gains in the AI sector. Despite current valuations, he believes the AI industry will grow significantly, especially with new protocols focused on AI and deep learning. Projects like AIT, ZRX and Pal are on his radar.
Bitcoin Explaining the timeline of bull markets, Miles points out the average time it takes from breaking the all-time high to reaching the peak, and states that this period has historically been approximately 300 days. Speculating on potential scenarios, Miles suggests a possible Bitcoin peak by January 2025, while acknowledging the uncertainties in market cycles.
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