Analyst Recommends Altcoins: Why These 3 Tokens Should Be On Your Watchlist

The crypto market’s uncertainty has made it difficult to find a strong potential portfolio addition at the moment. But even so, speaking to BeInCrypto, Michael Van De Poppe has identified three altcoins that investors have on their watchlist.

“If there are three coins to look at in interesting verticals, then I would be looking at the following verticals: DePIN, Infra and DeFi. In the DePIN category, everything has been slaughtered, which opens up the window for opportunities, so then I would go for PEAQ. In the infra category, I would be looking at restaking/interoperability/bridging and then I’d be monitoring Wormhole. Finally, in the DeFi category, my personal interest is in Ether.Fi,” Michael stated.

peaq (PEAQ)

PEAQ is trading at $0.066 as a double bottom pattern, commonly identified as a “W” formation, develops on the chart. This technical pattern historically signals potential upward momentum. The structure indicates that the altcoin may experience continued price strength.

The Parabolic SAR indicator currently appears below the candlestick, reinforcing the presence of an uptrend. This technical signal supports the possibility of PEAQ climbing to $0.070. A sustained move beyond $0.072 would represent a confirmed breakout, pushing the altcoin toward higher levels not observed in recent trading sessions.

If selling pressure emerges unexpectedly, PEAQ could decline toward $0.061. Such a move would erase recent bullish signals and mark a significant technical breakdown. A fall to this level would shift price action into a bearish range.

Wormhole (W)

W is trading at $0.072 after falling 12% in the past 24 hours, though the Ichimoku Cloud still shows broader market support. The indicator suggests underlying momentum remains intact despite the decline.

The altcoin briefly slipped below $0.072, but new capital inflows at discounted levels could provide a rebound opportunity. If investor interest strengthens, W may recover its lost ground. This recovery could lift the price toward $0.077, establishing a stronger position and reversing the recent drawdown witnessed in the market.

Failure to attract sufficient support could drive W below $0.070, marking a further technical breakdown. Such movement would eliminate the optimistic setup, pushing the asset toward weaker levels.

Ether.fi (ETHFI)

ETHFI is trading at $1.10, showing optimism despite recent volatility. Unlike other altcoins experiencing linear declines, ETHFI’s movement has been sideways with sharper fluctuations. 

The Ichimoku Cloud currently signals bullish momentum, suggesting support at $1.09 could hold. A rebound from this level has the potential to push ETHFI higher. If the move sustains, the altcoin could rise toward $1.21, breaking above recent consolidation and marking a stronger phase for short-term trading activity.

Should ETHFI fail to maintain its support, the price may fall below $1.04, increasing the likelihood of testing lower thresholds. A breakdown from there could push the asset under $1.00. Such a decline would establish weaker technical levels, challenging the recent bullish pattern observed on the charts.

Derivatives Could Be The Next Big Thing

In the last couple of weeks, the Derivatives tokens have seen a sharp surge led by the likes of MYX Finance (MYX), Hegic (HEGIC) and more. Over the past week, Derivatives have outperformed RWA tokens and Liquid Staking tokens despite the overall bearishness in the market.

Discussing this, Michael Van De Poppe told BeInCrypto that the biggest reason behind Derivatives tokens’ surge is Hyperliquid.

“Hyperliquid is a very efficient team, high on revenue, and therefore sparking a lot of investors’ interest. Their revenue is currently at $102M per employee, which is 30 times higher than Nvidia. As Hyperliquid is getting a lot of attention with their model, a lot of other derivative tokens are flying on this narrative and the entire Hyperliquid ecosystem is flying on this narrative, which should continue to grow in the coming period,” Michael noted.

However, beyond the emergence of Derivatives tokens, Michael highlighted that the entire DeFi space is looking at a potential boom.

“…it’s a combination of derivatives tokens alongside the institutional interest in ETH and the rise of the stablecoins. It’s the first sign that the markets are preparing for the next big DeFi season as the use case is definitely there,” Michael stated.