5 Altcoins to Watch for Triple-Digit Gains Ahead Of FED Rate Cut

This week is critical for crypto, with the first rate cut since 2020 scheduled for Wednesday. According to crypto analyst Miles Deutscher, several altcoins are primed for explosive growth, depending on how the market reacts. Analyst has shared his top five tokens to watch closely, focusing on technical setups and fundamental factors. 

Top 5 Market Picks to Skyrocket

Fantom (FTM)

Starting with FTM, Deutscher believes FTM still has room for upward movement. Fantom has been on a hot streak, already seeing gains of 20% last week, outperforming Bitcoin and Ethereum. Its strong performance is largely attributed to upcoming developments, such as the Sonic upgrade, which will enhance the network’s speed and efficiency.

This Layer-1 blockchain has shown strength, and Deutscher advises managing risk carefully for those who entered last week, but it remains a solid short-to-mid-term hold. Technically it is trading below the $0.53 neckline of an inverse head-and-shoulders pattern, a breakout above this level could push FTM towards $0.81, a potential 56% gain. 

Mantra (OM)

Next on the list is OM, another top performer from last week (+27%), who remains in Deutscher’s spotlight. Known for its DeFi capabilities, Mantra is favored for its steady growth and potential to expand further. With strong fundamentals and a supportive community, it could continue to thrive as the market reacts to macroeconomic factors like the upcoming rate cut. MANTRA (OM) is currently priced at $0.72, placing it at rank No. 126 in the global cryptocurrency market.

Sundog (SUNDOG)

A relatively lesser-known token, Sundog surged by 30% last week, and Deutscher believes its momentum isn’t done. It has consistently outperformed other tokens in its portfolio, making it an interesting pick for those looking for short-term gains. Sundog’s chart indicates further potential for growth, but Deutscher is confident that the real excitement will come if SunDog breaks its ATH.

Meanwhile, Sundog has seen a surge in whale activity, with $2.5 million in recent purchases signaling increased confidence. The token’s price has risen to $0.3597, supported by bullish indicators. Technical metrics and positive on-chain data, including $90.8K in short position liquidations, suggest that SUNDOG may continue its upward trend.

Zero (ZRO)

Zero (ZRO) is Deutscher’s favorite pick regarding interoperability plays. He points out two key factors: its relative market strength and the fact that no token unlocks until July 2025, which could help maintain price stability. If ZRO breaks above the $4 level, it could see a significant run to new highs.

Foxy (FOXY)

Though Foxy may be a slower burner than the others, Deutscher highlights its solid rebound from lows. With its next resistance 54% away from current prices, FOXY could accelerate as the Linea airdrop approaches, giving it the potential to be a leading meme coin. This makes it an interesting watch, particularly for long-term holders.

Are you thrilled to see these lesser-known coins rise?