Analyst Miles Deustcher doesn't believe the Tron rally is over yet. He continues to stand by his previous analysis, saying that the recent cooldown in many altcoins offers a fresh opportunity for investors. The analyst believes these coins have the potential to rise even higher, particularly as the market recovers, led by Bitcoin.
While Ethereum has been underperforming recently, Bitcoin and its related altcoins are expected to drive the next wave of market activity. He stressed the importance of focusing on strong narratives, with AI, RWA, and especially Tron memes being the current areas of attention.
Tron Ecosystem Altcoins:
Sundog: The leading meme coin in the Tron ecosystem, Sundog has demonstrated strong performance and continues to be a focal point for investors. It led the meme coin rally within Tron and remains a top pick.
Sun Token: Serving as the decentralized exchange (DEX) token within the Tron ecosystem, Sun's value is bolstered by regular token burns based on platform revenue.
SunPump: Similar to Solana's FUN token, Pump offers diversified exposure to the meme coin sector within the Tron network. It is a solid option for those seeking broader exposure to Tron memes.
TRX: Tron's native token, TRX, is an integral part of the ecosystem and remains a stable choice for those looking to invest in the Tron network.
The analyst also opened up about meme coins to keep an eye on. Here's the list:
Pepe: A well-known meme coin that has maintained interest despite market fluctuations. Pepe remains a strong contender in the meme coin space.
WIF: Another meme coin that continues to draw attention within the community. The coin is also set for gains.
Popcat: A leading meme coin that has shown resilience in the market. Popcat's strong performance makes it a key player in the meme coin sector.
MOG: A potential buy opportunity, MOG is currently priced lower than Popcat but was once the leading cat-themed coin. It may offer a better entry point for investors.