The recent meme coin mania has taken the cryptocurrency market by storm, resulting in a frenzy of new launches and capital rotation. Amidst this chaos, analyst Miles Deutscher has shared his weekly watchlist of altcoins and narratives that he believes are worth keeping an eye on.
Meme Coins: WIF and PEPE
Deutscher notes that while there has been a surge of new meme coin launches on the Solana blockchain, such as $SLERF, it is important to remember that capital often rotates quickly in this space and tends to funnel back into the leading meme coins. As such, he is keeping a close watch on $WIF and $PEPE.
Solana: Eyeing Price ATH and Benefiting from Meme Coin Presales
Solana (SOL) has blasted through its previous all-time high in terms of market capitalization, and Deutscher is now looking for a price of ATH. He highlights that SOL is essentially the currency of the Solana casino, as it is needed to participate in meme coin presales. While he is not a fan of longing for extreme greed, Deutscher is happily riding his SOL position.
L1 Contenders: SUI, APT, and FTM
Deutscher’s attention has shifted to other alt-L1s, including Sui (SUI), Aptos (APT), and Fantom (FTM). Sui benefits from the recent SOL rally and has a gaming summit on March 20th, along with rumors of big announcements.
Aptos is gearing up for “Aptos April,” with executives teasing big partnerships. Fantom’s price action has been great, and with the upcoming Sonic upgrade and Andre Cronje’s return, the coin tends to run hard when momentum is behind it.
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Show more +Show less – Bitcoin and Macro Events
With the interest rate decision on Wednesday, Deutscher is curious to see how Bitcoin (BTC) reacts to major macro events, given its recent isolation from traditional markets. He believes that the increasing legitimization of the crypto space, such as the potential ETF approval, could affect capital flows.
Other Coins to Watch: LUNC, LUNA, MASK, and AVAX
Deutscher is also watching Terra Luna Classic (LUNC) and Terra Luna (LUNA) for potential volatility around Do Kwon’s upcoming trial. He notes that these tokens tend to be sensitive to updates and news events. Mask Network (MASK) has announced upcoming staking and a $100 million ecosystem fund, providing tailwinds for the project. Avalanche (AVAX) continues to perform strongly and is following Solana’s “catch up” trade chart-wise.
AI Tokens at a Crossroads
Finally, Deutscher believes that AI tokens are at an interesting crossroads in the short term. With the NVIDIA AI conference starting today, he wonders if it will become a “sell the news” event, providing an opportunity to accumulate on any major dips. Conversely, any significant announcements could have a positive effect on the sector.
As the crypto market continues to evolve and new narratives emerge, keeping a close eye on these altcoins and trends could prove valuable for investors navigating the ever-changing landscape.
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