Miles Deutscher – I’m Selling These 5 Cryptos Right Now! [What I’m Buying Instead] (17.12.2024 Summary)

In this video, Miles Deutscher shares his current strategy for selling and buying altcoins across major crypto sectors like AI, Layer 1s, Layer 2s, gaming, and DePIN. His goal? To outperform the market by focusing on assets with higher upside potential while reducing opportunity costs.

1. Real World Assets (RWA):

Sell: Ondo – Despite being a top performer this cycle, Ondo’s $20 billion valuation and upcoming token unlocks pose risks of sell pressure.

Buy: Chex (Chintai) – Chex, with a $770 million valuation, offers better risk-reward. It acts as the "Shopify of RWAs," enabling asset tokenization with significant upside potential.

2. Layer 1s:

Sell: Solana (SOL) – Miles is reducing his SOL position, predicting Ethereum (ETH) will outperform SOL in the next two quarters. Solana’s massive rally, driven by memes and speculation, is slowing, while ETH could catch significant bids from institutional and retail investors.

Buy: Ethereum (ETH) – ETH may lead the next phase of the cycle, often signaling the start of altcoin season. For riskier plays, he also mentions HyperLiquid, which has strong growth potential.

3. Layer 2s:

Sell: Polygon (MATIC) – Despite its success, MATIC’s upside potential is limited compared to emerging Layer 2s.

Buy: Mode – Mode, an AI-focused Layer 2, shows greater upside with its innovation in AI agent technology.

4. AI:

Sell: Fetch.ai (FET) – FET, at $4.5 billion, has less room for growth.

Buy: AI Agent Plays – Tokens like Virtuals, Imperium, and Humans.ai (focused on AI agents) offer higher potential. Virtuals, for example, is outperforming in AI-driven markets.

5. DePIN (Decentralized Physical Infrastructure):

Sell: Render (RNDR) – Render has performed well but faces growing competition from newer projects.

Buy: PinLink and AIOZ – Both projects offer higher upside due to lower valuations and innovative business models.

6. Gaming:

Sell: Older gaming tokens like IMX, Gala, Sand, and Mana.

Buy: Beam and SuperVerse – These tokens are innovating and showing strong momentum. Newer games like Super Champs are also worth exploring.

Key Takeaway:

Miles’ strategy prioritizes altcoins with greater upside while rotating out of high-valued assets. His approach emphasizes balancing risk and reward to achieve maximum portfolio performance in the current market cycle.