Insights into Altcoins with Potential Breakout
Crypto expert Miles Deutscher has provided valuable insights into his weekly tokens and narrative watchlist, focusing on critical altcoins and upcoming events with significant trading potential. Some of the altcoins mentioned in Deutscher’s analysis include Solana (SOL), SingularityNET (AGIX), Fetch.ai (FET), Ocean Protocol (OCEAN), Arkham (ARKM), Dogecoin (DOGE), and XRP.
Solana’s Breakpoint 2023 Conference
Deutscher emphasizes the importance of Solana’s Breakpoint 2023 conference and anticipates major announcements. While previous Breakpoints have resulted in “sell the news” events, Deutscher remains cautiously short on SOL. He expects a positive response from the community after the recent FTX collapse but warns about the possibility of a sell-off based on historical patterns.
Focusing on AI Leaders
The artificial intelligence (AI) narrative has sparked anticipation for a series of AI conferences, including OpenAI’s developer conference. Deutscher advises focusing on established leaders such as AGIX, FET, and OCEAN. These tokens have demonstrated strength during previous AI market surges. Deutscher suggests avoiding speculation on low-cap coins and opting for long positions on these altcoin AI leaders.
ARKM’s Potential in the AI Space
According to Deutscher, ARKM is promising due to its involvement in AI-related businesses and its investment by Sam Altman. Deutscher highlights ARKM’s potential in the AI space, especially during the Solana conferences. This makes ARKM one of the altcoins to watch closely for potential trading opportunities.
XRP Speculation Ahead of Ripple’s ‘Swell Conference’
With Ripple’s “Swell Conference” scheduled, Deutscher acknowledges the heavy speculation surrounding a potential initial public offering (IPO), although he believes it is unlikely. However, given the speculative nature of the crypto market, such speculation can fuel FOMO-driven rallies. XRP has experienced pre-conference spikes, making it a token to watch this week and next.
Hot Take: Altcoins with Potential Breakout
Miles Deutscher’s analysis provides valuable insights into altcoins that have the potential for breakout. Solana’s upcoming conference and AI-related events make SOL, AGIX, FET, OCEAN, and ARKM worth watching closely. Additionally, the speculation surrounding XRP ahead of Ripple’s “Swell Conference” creates trading opportunities. Stay vigilant and consider long positions on established altcoin leaders in the AI space.
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