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These 3 Altcoins Will Surge ‘Like Crazy’, Claims Top Crypto Analyst

DATE POSTED:November 11, 2024

In his latest video analysis titled “These 3 Altcoins Will PUMP Like CRAZY This Week!” popular crypto analyst Miles Deutscher with 533,00 followers on X delves into the potential of three altcoins he believes are set to outperform the market this week: TAO, Spectral, and Neural AI.

Deutscher emphasizes that the current market is heavily influenced by specific narratives. According to the latest data, the top three narratives based on market share over the past week are AI, meme coins, and DeFi. “AI is still the number one, meme coins are the number two, and DeFi is the number three. I don’t think this is going to change,” he notes, suggesting that these sectors will continue to attract investor interest.

He advises positioning across each of these verticals, particularly in leading tokens, while also exploring opportunities in lower to mid-cap coins that offer higher upside potential. These are Deutscher’s top 3 AI altcoins which could surge “like crazy:”

#1 TAO: The AI Crypto Market Leader

Deutscher identifies Bittensor (TAO) as the leading AI token. “TAO is the AI leader in my opinion. It’s been pretty much the most responsive asset to AI pumps, and that’s really important because you want to be longing assets when you’re trying to target a particular sector that are actually responsive,” Deutscher notes.

With a current fully diluted valuation (FDV) of around $11 billion, Deutscher sees potential for TAO to reach an FDV of $50 billion, implying a possible 4.5x return from its current price. “Obviously, it can go $1,200, $3,000, but it kind of peaks out, I think, at around a $50 billion market cap in my opinion, which is currently 4.5x from where it currently is.”

However, he cautions that while significant gains are possible, Bittensor may not offer the extreme multiples that smaller-cap tokens could provide.

#2 Spectral: Mid-Cap With High Upside

Moving down the risk curve, Deutscher introduces Spectral (SPEC), an AI agent sitting at a market cap of approximately $151 million and an FDV of $1 billion. He is optimistic about the role of AI agents in transforming trading strategies. “I believe fundamentally AI agents are fundamentally changing the way we trade in crypto […] This is where the world is going, and more specifically, this is where crypto is going.”

He elaborates on the transformative potential of AI agents in trading: “You can basically just go into your mobile phone; you could ask it, ‘Hey, I want to set up this parameter every time [a token] hits $7, I want to long it,’ and you could set that up just by typing into a chat box. There’s no need to go on exchanges anymore, set limit orders, etc.”

Spectral represents a middle-cap crypto investment, offering more upside than large-cap tokens while maintaining a degree of stability, according to Deutscher. “That’s slightly moving down the risk curve compared to TAO […] I think Spectral is a really solid altcoin.”

#3 Neural AI: High-Risk, High-Reward

For investors willing to accept higher risk for the possibility of substantial returns, Deutscher discusses Neural AI (NEURAL). Recently taking a position in the token, he believes it to be one of the better subnet plays available, with a market cap around $70 million. “This is a token that I recently took a position in, and if you’re serious about playing the TAO betas, I think this is one of the better subnets that’s currently on offer.”

Neural AI focuses on facilitating AI-powered Web3 creation and graphics, allowing users to create custom 3D renders directly from their platform. Deutscher is impressed by the crypto project’s fair launch. “What I really like about them is the fact that they fair launched at a $50k market cap, so they have that mimetic quality […] These kinds of protocols that fair launch have done the exact same thing but in other niches like AI.”

Deutscher outlines his portfolio strategy, allocating 80% of his holdings in each sector to leading tokens like TAO. The remaining 20% is dedicated to “spray and pray” investments in riskier, lower-cap tokens like Neural AI. He explains that this approach balances the potential for significant gains with risk management, ensuring that no single investment can dramatically impact his overall portfolio.

At press time, TAO traded at $569.

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