Top 5 Altcoins ‘Primed’ To Take Off As The Crypto Market Prepares For The First Rate Cut in 4 Years

Crypto analyst “@MilesDeutscher” shared a weekly series with his 539.6k followers X today about altcoins, stating that this week appears to be a massive one for crypto

Cryptocurrency markets are preparing for the first rate cut in four years, and several altcoins are positioned to benefit from the positive market response.

Top crypto analyst Miles Deutscher shared a weekly update on altcoins with his 539.6K followers on Wednesday, highlighting tokens that could experience a surge following the highly anticipated Federal Reserve announcement.

Related: FTX, Genesis Bankruptcy Woes Highlight Need for Clear Crypto Regulations – CFTC Commissioner

Aave (CRYPTO: AAVE) Leads DeFi Resurgence

DeFi has seen a resurgence over the past month, with Aave leading the charge. The token has already experienced a 25% increase.

If DeFi continues to gain traction, AAVE could maintain its upward momentum. It is a key token to watch in the coming days.

The broader DeFi trend aligns with Aave’s performance, positioning it for further growth as market conditions continue to shift. Investors will be watching how this altcoin responds to the market environment created by the upcoming rate cut.

Solana DeFi Plays: Jup, JTO

Solana-based DeFi tokens Jupiter (CRYPTO: JUP) and Jet Protocol (CRYPTO: JTO) are also on Deutscher’s radar.

Both tokens are bouncing from the bottom of their trading ranges, presenting potential opportunities for traders looking to capitalize on Solana’s recent DeFi surge.

Combining the strength of both the Solana ecosystem and the growing DeFi narrative, these assets hold particular appeal for investors seeking exposure to altcoins.

According to Deutscher’s private crypto community, these tokens are positioned for potential upside as they recover from lower levels. The timing of the rate cut could provide the necessary catalyst for further gains.

SUI, ZRO Showing Promise In Layer 1, Interoperability Sectors

Prominent Layer 1 blockchain token SUI (CRYPTO: SUI) has garnered strong potential for a price rise.

A retest of the $1 level could provide an opportunity for continuation into the $1.40 region. SUI remains a strong contender for both short- and mid-term gains.

Similarly, ZRO (CRYPTO: ZRO), an interoperability token, is gaining attention due to its relative market strength and lack of unlocks until 2025.

A breakout above the $4 mark could signal further upward movement for this asset, cementing its position as one of the top coins to watch.

Also Read: Can Aave Price Break Through $146 Resistance? Analyst Predicts Key Levels To Watch

FOXY Among Tokens Primed To Take Off

Deutscher highlighted FOXY (CRYPTO: FOXY) as a meme coin that’s showing signs of a recovery.

It may progress more slowly than other tokens, but its reaction from lows suggests room for growth.

Investors are eyeing the Linea airdrop, and FOXY could offer a potential avenue for participation as the meme coin activity gathers steam.

Finally, Deutscher also mentioned that last week’s top performers, including FTM (CRYPTO: FTM) and Optimism (CRYPTO: OP), could continue to see gains, provided investors manage their risk.

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