Analyst Matthew Perry took to his latest video and shed light on a few early-stage plays with potential.He said that whenever he is searching for the next big coin, it gets challenging due to the vast number of cryptocurrencies and varying factors like sectors, types, and popularity.
He then discussed a few positions he had mentioned before, starting with Croakey, a frog-themed coin. Croakey has a $2.3 million market cap, $435,000 liquidity, 2 billion circulating supply, and $21,000 volume. Its popularity stems from its frog theme, similar to other successful frog-related coins.
Next, he talked about Super Trump, which he prefers over Maga due to its lower market cap and potential connection to election-related trends. Super Trump has a $22.8 million market cap and $2.9 million volume. He believes it could see significant growth during election times when related topics trend.
The analyst discussed the potential of Joe Biden Coin, a cryptocurrency he purchased to balance his holdings alongside MAGA Trump Coin. He clarified that his focus is not on political affiliations but on supporting strong ideas, particularly 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.
The analyst said that the last position he wanted to discuss was GameStop. He explained the importance of understanding the events surrounding GameStop, including hedge fund shorting and aggressive efforts to bankrupt the company. The community’s response to these actions has been significant. He believes that as GME gains momentum, it will also drive 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 meme connection, strong community backing, and the increasing interest from retail
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