Best Altcoins to Accumulate for 100X Profit
In his latest video, analyst Matthew Perry delved into some early-stage opportunities in the cryptocurrency market. Perry highlighted the challenges of finding the next big coin amidst the vast number of cryptocurrencies and various factors to consider, such as sectors, types, and popularity.
First on Perry’s list was Croakey, a coin with a frog theme. Croakey has a market cap of $2.3 million, $435,000 in liquidity, 2 billion circulating supply, and a volume of $21,000. Its popularity stems from its frog theme, similar to other successful frog-related coins.
Next, Perry discussed Super Trump, a coin he favors over Maga due to its lower market cap and potential connection to election-related trends. Super Trump currently has a market cap of $22.8 million and a volume of $2.9 million. Perry believes it has the potential for significant growth during election times when related topics trend.
Perry also mentioned Joe Biden Coin, a cryptocurrency he bought to balance his holdings alongside MAGA Trump Coin. He clarified that his focus is not on political affiliations but on supporting strong ideas, especially those favorable to cryptocurrency. Meme coins like Joe Biden Coin can gain significant traction from major news events. Despite its low market cap, Joe Biden Coin has already provided substantial returns.
Currently, Joe Biden Coin has a market cap of $7.4 million and a trading volume of $2 million. With a volume-to-market cap ratio of 27%, the coin shows substantial trading activity, suggesting that its market cap should be higher.
Lastly, Perry discussed GameStop, emphasizing the importance of understanding the events surrounding the company, such as hedge fund shorting and efforts to bankrupt it. The community’s response to these actions has been significant. Perry believes that as GME gains momentum, it will also generate interest during altcoin season.
Despite having the highest market cap among the positions discussed, Perry believes GME still has significant growth potential due to its meme connection, strong community backing, and increasing interest from retail investors.