Miles Deutscher Sells Altcoins Targeting RWA Tokenization, AI, and DePIN Narratives

Aussie crypto analyst Miles Deutscher knows how to stir the pot. Selling altcoins and swapping them in the middle of a bull run amid a looming altseason seems odd

Crypto analyst Miles Deutscher has sold some of his altcoins during the bull run, arguing that some coins are still going up but it’s worth considering selling them due to opportunity cost.

In his latest deep-dive on his 218k subscriber YouTube channel, Deutscher argues that although some coins are still going up, it’s still worth considering selling them. Not financial advice, but he says the opportunity cost is just too out of whack with some projects.

For example, if you choose to buy Coin A instead of Coin B, and Coin B increases in value more than Coin A, the opportunity cost is the potential profit you missed by not choosing Coin B.

While the narrative of real world asset (RWA) tokenisation is still strong, Deutscher believes it’s worth swapping some coins that had a good run for others that have more upside potential.

The first on the sell list is Ondo. Deutscher still believes in the project, but thinks that riding it from US$0.20 (AU$0.31) – when he first spoke about it – to currently US$1.98 (AU$3.12) is a good trade and worth exiting now.

He believes that an upcoming token unlock will potentially threaten some of the gains made.

So, an alternative he invests in is CHEX. Fundamentals aside, Deutscher says that based on fully diluted valuations, “CHEX is a 9X away from Mantra and it’s a 25X away from Ondo”.

The next few coins marked for a sell are no less controversial, because Deutscher says he has sold some of his Solana (SOL) into Ethereum (ETH). Despite poor performance by Ether this cycle the analyst believes things are starting to look up.

To be clear, he’s not saying sell all your SOL and FOMO into ETH, Deutscher says it’s “a bit of a rotation” he is doing and that it’s something worth considering.

A layer-2 worth selling according to the analyst is Polygon with the ticker POL (former MATIC). He chose this not because the project is bad, but because he believes others will out perform it.

He mentions Mode as a solid buy, which is an Ethereum Layer 2 network, designed to support the growth and adoption of blockchain applications, part of the Optimism Superchain.

AI is a topic the analyst still strongly believes in and thinks most projects will do well in this category.

However, Artificial Superintelligence Alliance (FET) is a sell for him as there’s “not enough excitement there”. FET is also close to its all-time high and has potentially less room on the upside than others.

Deutscher prefers projects like Bittensor and the AI agent plays like Virtuals Protocols (VIRTUAL), which has seen a 400% increase over the past month.

Moving to DePIN, and Render is a sell in the decentralised physical infrastructure network sector. While still a decent project, the analyst thinks there are others that can out perform it, such as PinLink or AIOZ.