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Crypto analyst Miles Deutscher has published his “Top Five Altcoins of the Week” list, which includes TAO, FET, SAGA, ALT, and BEAM.
Deutscher believes that the altcoin market is currently at a key breakout level and is optimistic about its future growth.
The listed altcoins have shown significant price increases in recent weeks, reflecting the expert’s confidence in the potential growth of AI tokens.
Rumors are swirling that a new
altcoin season
could be on the horizon. If you’re hoping to capitalize on the altcoin market, you’ll need a solid strategy to pick the right coins. But with so many suggestions online, it’s easy to feel overwhelmed. Don’t worry—there’s a way to cut through the noise: follow trusted analysts.
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Crypto expert Miles Deutscher has released his “Top Five Altcoins of the Week” list for the past two weeks, and his picks have proven successful. Now, he’s back with his latest recommendations, and given his track record, it’s worth paying attention.
Altcoin Market Outlook
Deutscher remains bullish on the future of altcoins. In his latest posts on X (formerly Twitter), he emphasizes that the
altcoin market
is nearing a crucial breakout point. Optimists in the space believe that if this breakout occurs, it could signal the start of a new altcoin season.
With the market at such a pivotal moment, making informed decisions is critical—this is where Deutscher’s ‘top altcoins of the week’ come in.
My “Top 5 Charts Of The Week” series is off to a banging start.
In the past 2 weeks, we’ve hit:
$SOL
+18%
$FTM
+60%
$OM
+32%
$AAVE
+27%
$SUI
+47%
And today, with altcoins approaching a major breakout level, I present to you instalment #3.
Here are my top 5 charts this week.
— Miles Deutscher (@milesdeutscher)
September 23, 2024
Also Read :
Crypto September Calendar: Key Economic Events to Watch This Week
,
Top Five Altcoins of The Week: What Expert Suggests
Deutscher’s latest list is dominated by AI-related tokens, reflecting his confidence in their growth potential. Let’s dive into the performance of his top five altcoins: TAO, FET, SAGA, ALT, and BEAM.
Bittensor (TAO)
Bittensor (TAO) has had an explosive week, surging
86.6%
in the last seven days. Currently priced at $546.50, TAO started the month around $280.30, marking a 66.5% increase over the past 30 days. The market saw a strong bullish momentum starting on September 7, and while there were minor setbacks on September 16 and 17, TAO has continued to rise—up 99.5% in just the last two weeks.
Artificial Superintelligence Alliance (FET)
is another AI token that’s been gaining ground. Over the past week, FET has jumped 27.3%, with its price currently at $1.1334. The token has seen a steady 34.5% rise in the past 30 days. On September 7, buyers took control, and despite some selling pressure around September 15 and 16, the bullish trend held firm. Over the past two weeks, FET has climbed 33.1%.
SAGA
has also shown impressive performance, rising 37.8% over the last week to its current price of $2.27. At the start of the month, SAGA was trading at $1.2633, experiencing sideways movement in the early days. However, strong buying pressure on September 16 broke the market out of its range, peaking at $2.5073 on September 20.
While the price has dipped slightly in recent days, Deutscher’s confidence suggests it could climb again—up 49.7% in the past two weeks.
AltLayer (ALT)
is another altcoin which has demonstrated commendable performance lately. In the last seven days alone, it has grown nearly 63.7%. Now, the price of ALT stands at around $0.12140. At the start of the month, the ALT price was just $0.07744. Like SAGA, the ALT market also experienced a sideways momentum in the first half of the month, ranging between $0.08266 and $0.07303. On September 18, it broke above the range, marking the beginning of a strong upward trend.
On September 19, the price grew from $0.08405 to $0.11073. The three red candlesticks formed over the next three days could not even pull the price down to the mid-range of September 19’s large green candlestick. September 23’s green candlestick covered the previous three red candlesticks and pushed the price to a peak of $0.11827. At present, the market looks very bullish.
BEAM
rounds out Deutscher’s top five picks, with the token showing a solid 22.8% increase over the last week, now priced at $0.01776. After slipping to $0.01167 on September 6, BEAM entered a bullish trend on September 7. Despite a few hiccups on September 11 and 16, the upward momentum has held strong, with the market looking optimistic.
In summary, Deutscher’s top five altcoins are showing strong signs of growth, particularly AI-related tokens like TAO and FET. With the market at a critical breakout level, these altcoins could be poised for further gains, making them ones to watch closely.
Is it time to dive into the altcoin market? These top picks could be your golden ticket.
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Altcoins
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