Dogecoin

Memetic / PepeCoin

The Sandbox

Prominent cryptocurrency analyst Miles Deutscher shared his predictions about various altcoins on Twitter yesterday. In his tweets, the analyst shed light on current trends, potential price consolidations, and opportunities within the market to watch out for in the coming week.One of the main topics of Deutscher&#39;s tweets was the upcoming launch of Shibarium L2 by Shiba Inu (SHIB). He observed that the expectations surrounding this event led to some aggressive shorting and implied the possibility of consolidation due to the excitement in the market. However, he also indicated a tendency to short if an appropriate entry point emerges.The analyst then shifted his focus to Hedera (HBAR), which saw an increase after news that the Federal Reserve added a platform with HBAR integration to its service provider list. Despite the rising momentum, Deutscher remained cautious and expressed doubts about the sustainability of the rally.SHIB and HBAR Altcoin Price Prediction According to CoinMarketCap as of the press time, the altcoin changed hands at $0.07258 after a gain of 12.93% over the past 24 hours. Alongside the increase in HBAR&#39;s price during the previous trading day, the cryptocurrency also saw a 144% surge in its daily trading volume. The total daily volume then reached $345,246,345.From a technical perspective, HBAR managed to climb above the 200-day EMA line within the last 24 hours. This upward momentum continued, pushing the altcoin&#39;s price above the $0.06460 resistance level.Investors and traders might see a minor correction in HBAR&#39;s price within the next 24-48 hours as they seek to make profits. This could result in a retest of the $0.06460 price point for the cryptocurrency. Falling below this point could expose HBAR to the risk of dropping to the 200-day EMA line at $0.05820 before reaching $0.04460.On the other hand, if HBAR manages to remain above $0.06460 for the next 72 hours, it could invalidate this bearish thesis. In this scenario, HBAR&#39;s upward movement may continue to challenge the next major resistance level at $0.09400.Analysis of DOGE, SAND, and PEPE Continuing his analysis, Deutscher highlighted Dogecoin&#39;s (DOGE) unique position in the market. He pointed out that DOGE tends to move in the opposite direction of the broader market trend and has a distinct structural integrity. Given the neutral-to-bullish market trend, Deutscher suggested that DOGE might present an opportunity to capture this trend and potentially outperform.He then turned his attention to The Sandbox (SAND), noting that 16% of its supply had experienced a significant token unlock. While acknowledging the pricing of many unlocks, Deutscher considered this sudden increase in supply noteworthy. He warned that this influx could lead to a &#34;slow bleed&#34; in the medium term. Additionally, he pointed out the potential for short-term traders to hedge against risk.Drawing parallels with DOGE, the analyst discussed the connection between Pepe (PEPE) and the SHIB frenzy. Deutscher praised Pepe&#39;s superior performance compared to the DOGE altcoin during market rotations. He suggested that these patterns could solidify PEPE as a meme coin with potential long-term value.Dips in alternative altcoins are creating buying opportunities! Deutscher then highlighted the potential undervaluation of Rollbit Coin (RLB) when measured against comparable products using standard cash flow/income models. He saw these dips as attractive buying opportunities and noted the emergence of GambleFi as an interesting narrative.In the second part of his analysis, Deutscher examined various coins, highlighting both their strengths and risks. He mentioned 0xCoco (COCO) and WINR Protocol as alternative narrative coins with potential trends.While favoring RLB, he emphasized the income generation of COCO and the liquidity pool model of WINR. Deutscher also underlined the inherent riskiness of these ventures.The analyst concluded his analysis by sharing his views on other important altcoins, including THORChain (RUNE), THORSwap (THOR), dYdX (DYDX), UniBot (UNIBOT), ApeCoin (APE), and Sei (SEI). These ranged from potential price repricing due to upcoming product launches and increased on-chain measurements to expected market events.

The renowned analyst shared the week's trends and altcoin predictions: Some altcoins may create buying opportunities!

Kripto Para Haber

Other articles published on Aug 15, 2023

Ethereum bulls targeting $2,000, investors exploring Borroe presale

First EU spot Bitcoin ETF hits Euronext Amsterdam exchange

Insight: NFTs Mass Adoption Roadblocks

Singapore Red Cross to allow crypto donations

New Kids on the Block(chain): Top 10 Latest Cryptocurrency Listings on CoinMarketCap Led by $XRP

Binance US Lists This Altcoin, Price Up 27 Percent!

Join our free newsletter for daily crypto updates!