Altcoins
Best Altcoins to Stack for 100X Gains
Analyst Matthew Perry watched his latest video and highlighted some early games with potential. He said that every time he searches for the next big coin, it becomes a challenge due to the large number of cryptocurrencies and various factors such as sectors, types and popularity.
He then discussed a few positions he had mentioned previously, starting with Croakey, a frog-themed play. Croakey has a market cap of $2.3 million, liquidity of $435,000, circulating supply of $2 billion, and volume of $21,000. Its popularity comes from its frog theme, similar to other successful frog-related plays.
He then talked about Super Trump, which he prefers over Maga due to its lower market capitalization and potential connection to election-related trends. Super Trump has a market cap of $22.8 million and a volume of $2.9 million. He believes the sector could see significant growth during elections, when related topics are trending.
The analyst discussed the potential of Joe Biden Coin, a cryptocurrency he purchased to balance his holdings alongside MAGA Trump Coin. He clarified that he is not focused on political affiliations but on supporting strong ideas, particularly those favorable to cryptocurrency. Meme coins like Joe Biden Coin can gain popularity through major news events. Despite its low market capitalization, Joe Biden Coin has already generated substantial returns.
Currently, Joe Biden Coin has a market capitalization of $7.4 million and a trading volume of $2 million. With a volume to market cap ratio of 27%, the coin is exhibiting substantial trading activity, which suggests its market cap should be higher.
The analyst said the last position he wanted to discuss was GameStop. He explained the importance of understanding the events surrounding GameStop, including hedge fund short selling and aggressive efforts to put the company out of business. The community response to these actions has been significant. He believes that as GME gains momentum, it will also generate interest during altcoin season.
GME remains a popular position with substantial community support. Despite having the highest market cap among the positions discussed, he believes GME still has considerable growth potential due to its connection to memes, strong community support, and growing trading interest Retail.