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Cryptocurrency News Articles

Expert Analyst Miles Deutscher Selling ONDO, SOL, POL and These 2 Altcoins Immediately – Here's Why

Dec 18, 2024 at 06:30 pm

Miles Deutscher, a popular crypto YouTuber, has made a list of cryptos he would be selling because he thinks there are better options that could become more

Expert Analyst Miles Deutscher Selling ONDO, SOL, POL and These 2 Altcoins Immediately – Here's Why

Miles Deutscher, a popular crypto YouTuber, has identified several cryptocurrencies that he would be selling due to the presence of better investment opportunities in the market. Here's a summary of his analysis:

1. Real-World Assets (RWA): Miles would be rotating from ONDO, which has performed exceptionally well this cycle but now faces challenges with its high valuation ($20 billion) and an upcoming billion-dollar token unlock. Instead, he would be considering CHEX (Chintai), a real-world asset tokenization platform valued at $770 million.

2. Layer 1 (L1) Tokens: While Solana has been a strong performer, Miles is shifting some exposure toward Ethereum due to market dynamics and Smiley Capital's analysis suggesting ETH may not go lower than $4,000. For higher-risk opportunities in the L1 space, he highlights Hyper Liquid, which is valued at $9 billion compared to Solana's $105 billion.

3. Layer 2 (L2) Tokens: Despite Polygon's strong gaming ecosystem, Miles is considering Mode, a company that operates in the AI agent space, due to its unique position and potential for higher upside (10x) compared to Polygon.

4. Artificial Intelligence (AI) Sector: Miles observes a shift toward agent-focused protocols in the AI sector. He highlights Artificial Superintelligence Alliance (FET) at a $4.5 billion valuation, and newer projects like Virtuals Protocol ($2.7 billion) and Spectral ($119 million) in the "agent narrative."

5. Decentralized Physical Infrastructure Networks (DePIN) and Gaming Tokens: In the DePIN sector, Miles notes RENDER's impressive price increase but highlights newer competitors like PinLink, which combines AI, gaming, and DePIN. In the gaming sector, he observes a shift away from traditional gaming tokens like IMX, GALA, SAND, and MANA toward newer projects like Beam, Superverse, and Echelon Prime.

News source:captainaltcoin.com

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