Prominent crypto analyst and influencer Miles Deutscher posted an insightful Twitter thread outlining his top altcoin picks to monitor during the latest cryptocurrency market volatility. With his nearly 400k followers, Deutscher’s opinions hold major weight, so let’s explore his main insights.

Deutscher starts by emphasizing the value of tracking which altcoins demonstrate resilience and quickly rebound from major sell-offs. Their relative strength indicates robust fundamentals and insider accumulation.

AVAX instantly bounced back after dipping, benefiting from rotation out of Solana into other L1s. Deutscher expects continuation but notes diminishing risk/reward at current prices. He prefers “other rotation plays that haven’t run as much.”

Solana’s ecosystem continues seeing hype cycles around airdrops like Pyth, Juno, and Jump Crypto. However, short-term upside may be fading as “airdrop farmers” take profits.

In terms of fresh layer 1 rotation candidates, Deutscher names NEAR, Interlay, and Sui as protocols that seem poised for breakouts. With little overhead resistance, NEAR specifically could trend towards the $5 mark.

Immutable X (IMX) leads the blockchain gaming charge with 400+ game integrations underway. It’s approaching the key $2.60 level amidst a strong uptrend.

Prime (PRIME) is another one of Deutscher’s gaming sector favorites. The launch of their game Parallel and upcoming Coinbase retail listing are key catalysts alongside a stellar technical setup.

Telestia (TIA) is benefiting from the buzz around its “Solestia” narrative and speculation around insider accumulation ahead of major project launches.

Arbitrum (ARB) could ignite as the next layer 2 rotation play thanks to rumors of a supporting memecoin launch. The timing aligns with Arbitrum’s upcoming Coinbase Futures listing. Prior layer 2 listings have preceded rallies.

Select Cosmos ecosystem tokens like Neutron and Kujira are beginning to move as the broader zone enters price discovery. As anchor protocol Injective continues setting the pace, Deutscher suggests the entire ecosystem has room to run.

As short-term hype in Solana ecosystem plays like Juno cools, rotated profits could flow back into Pyth (PYTH) which has held up well fundamentally and price-wise during the mania.

Finally, with the looming FXS halving, launch of the Fraxchain layer 1, and v2 protocol upgrades, Deutscher sees Frax Share as an undervalued gem. Rumored future airdrops add to the bull thesis here.

There you have it – a comprehensive overview summarizing crypto whale Miles Deutscher’s latest altcoin watchlist and thoughts on the market. Let me know if you need any clarification or have additional questions!

The post Top Crypto Analyst Highlights Avalanche (AVAX), Solana (SOL), and Top Altcoins To Watch This Week appeared first on CaptainAltcoin.

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