Cryptocurrency expert Miles Deutscher has addressed the surging expectations surrounding altcoins, urging investors to enter the market with caution. Myers explained that many of these are exciting altcoins that promise huge returns such as 100x. But he believes this is unrealistic, especially for well-known cryptocurrencies such as Bitcoin or Ethereum. The higher the value of the coin, the harder it is to grow, he said.
Instead, Myers recommends looking for newer, smaller coins in areas such as online gaming, artificial intelligence, and finance. These smaller projects may have more room to grow. Discussing the altcoin space with promising potential, Miles pointed to specific projects such as Axie Infinity in the crypto gaming space and first-tier blockchain infrastructure projects such as Solana and Cardano
Regarding Layer 1 tokens, he expressed interest in AOS as it relates to the DPIN narrative, which he believes will drive demand for computing resources. Likewise, Zeta Chain and Alium caught his attention for their potential in the Tier 1 space, although they come with varying degrees of risk.
In addition to games and Layer 1 tokens, he also sees the potential for huge gains in the field of artificial intelligence. Despite the current high valuation, he believes the artificial intelligence industry will grow significantly, especially with the upcoming launch of protocols focused on artificial intelligence and deep learning. Projects such as AIT, ZRX and Pal are on his radar,
When explaining the timeline of a Bitcoin bull run, Myers drew attention to the average duration from a breakout of an all-time high to the peak, which historically lasts around 300 days. He speculated that Bitcoin could peak in January 2025, but acknowledged that there is uncertainty about market cycles.
