Miles Deutscher, a prominent voice in the crypto community, has shared his insights on the top altcoins to buy in July. His analysis combines market trends, macroeconomic factors, and specific catalysts that could drive these altcoins' performance. Here's a breakdown of the seven altcoins he recommends.
1. Ethereum (ETH)
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Ethereum remains a top pick for Miles due to its robust liquidity and relatively lower volatility compared to other altcoins. He highlights the upcoming Ethereum ETF as a significant catalyst that could boost its price. Miles mentions, "Ethereum has a clear uptrend and a strong support level, making it a safer play for those using leverage."
2. Pendle (PENDLE)
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Pendle is another altcoin Miles is bullish on. He recently opened a trade around $4, citing the token's strong community and important infrastructure for DeFi and RWA (Real-World Assets). Despite recent FUD (Fear, Uncertainty, and Doubt), he sees it as an opportunity to buy at a lower price. "Pendle's been smacked with a lot of FUD, but it's fundamentally solid," he says.
3. Solana (SOL)
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Solana has been performing well, especially with the rise of meme coins on its platform. Miles points out that Solana is crossing mid-range levels and any major pullbacks would be an opportunity to accumulate. "Solana is firmly in the top of my portfolio in terms of percentage allocation," he notes.
4. Pepe (PEPE)
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Pepe, a leading meme coin, is another interesting pick. Miles likes Pepe for its strong community and potential for high returns. He mentions, "Pepe is going to be one of the easier 5x in the market this bull run."
5. Everclear (NEXT)
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Everclear, formerly known as Connext, is a token focused on solving liquidity fragmentation in the crypto space. Miles believes in its long-term potential due to its strong backers and innovative technology. "Everclear is extremely low in market cap and solves a fundamental problem in DeFi," he explains.
6. Echelon Prime (PRIME)
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Prime, an AI and gaming crossover project, is another altcoin Miles is eyeing. Despite recent FUD, he sees it as a solid project with big backing. "Prime has a lot of potential, and I'm looking to build a bigger position in it," he says.
7. Lingo (LINGO)
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Lingo is a new entrant that Miles finds intriguing. It's currently in its pre-sale phase, and he sees it as a high-risk, high-reward play.
Conclusion
Miles Deutscher's top altcoin picks for July are based on a mix of strong fundamentals, upcoming catalysts, and current market conditions. Whether you're a seasoned trader or a new investor, these insights provide a valuable starting point for your crypto investments this month. Remember to do your own research and consider your risk tolerance before making any investment decisions.
