Altcoins
Best Altcoins to Stack for 100X Gains
Analyst Matthew Perry looked at his latest video and shed some light on some early plays with potential. He said that whenever he searches for the next big coin, it becomes difficult due to the vast number of cryptocurrencies and variable factors such as sectors, types and popularity.
He then discussed some positions he had mentioned before, starting with Croakey, a frog-themed coin. 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 stems from the frog theme, similar to other successful frog-related coins.
Next, he talked about Super Trump, which he prefers to Maga due to its smaller market capitalization and potential connection to election-related trends. Super Trump has a market cap of $22.8 million and volume of $2.9 million. He believes he could see significant growth during election periods, when related topics tend to trend.
The analyst discussed the potential of Joe Biden Coin, a cryptocurrency he purchased to balance his holdings alongside MAGA Trump Coin. He made it clear that his focus is not on political affiliations but on supporting strong ideas, particularly those in favor of cryptocurrency. Meme coins like the Joe Biden Coin can gain significant traction from major news events. Despite its low market capitalization, Joe Biden Coin has already delivered 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 shows substantial trading activity, suggesting that 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 bankrupt the company. The community response to these actions has been significant. He believes that as GME gains momentum, it will also generate interest during the 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 significant growth potential thanks to its connection to memes, strong community support, and growing interest from retail.