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4 Criteria for Choosing Potential Altcoins: Experts Reveal Secrets
After weeks of correction, Bitcoin and altcoins have had a strong rally, sparking excitement again in the investment community. As Bitcoin's dominance is slowly waning, analysts suggest that a new wave of price increases in the altcoin segment may be forming. Against this background, renowned analyst Miles Deutscher shared his strategy for selecting altcoins to stay ahead of the upcoming uptrend. 4 Criteria for Choosing Potential Altcoins
According to Deutscher, to optimize investment opportunities, investors need to keep four core factors in mind when screening altcoins: Oversold altcoins: These are coins that have decreased significantly or are heavily shorted, making them ripe for a breakout when the market reverses. Projects with an appealing story: Coins associated with major trends such as artificial intelligence (AI), Web3 gaming… often attract strong capital flows. Upcoming catalysts: Altcoins about to announce new products, list on major exchanges, or update their networks typically create bullish effects. Positive technical signals: Prioritize coins with clear bullish patterns, such as hitting strong support, breaking resistance, or showing a distinct accumulation trend. Make a list, ride the big wave Miles Deutscher emphasizes that proactively creating a watchlist of altcoins that meet the above criteria will help investors be ready to seize the upcoming bullish wave. "I have started to monitor many potential altcoins. This is the time to prepare thoroughly, not the time to wait," Deutscher asserted.