Crypto Analyst Advises Investors to Monitor Telegram and Discord for Opportunities
A well-known crypto analyst, Miles Deutscher, suggests that as the bull market approaches, investors should closely monitor platforms like Telegram and Discord for upcoming projects. Deutscher believes that as market conditions improve, there will be an increase in “good news” that will positively impact altcoins and create new trading opportunities.
To stay vigilant for online opportunities, Deutscher advises his followers on Twitter to do some digging on platforms like Telegram, Discord, and AMAs. He mentions that while some opportunities may come as a surprise, with proper research, they can be found.
Deutscher specifically directs his followers to look for projects with major upcoming catalysts or announcements to maximize their profit potential.
Reactions to Deutscher’s Statement
Deutscher’s statement received mixed reactions from users. Some expressed skepticism, questioning the focus on money in these projects. However, others appreciated the information provided by Deutscher and saw it as valuable.
Meme Coins Experience Surges
Recently, the memecoin PEPE broke out of its long-term descending resistance trendline after announcing a significant token burn. This resulted in PEPE reaching its highest price since August.
On October 24, PEPE reached a high of $0.00000106. As of now, its price is $0.00000117.
Bitcoin Price Predictions
Various crypto analysts have been forecasting the price of Bitcoin in the booming market. BitMEX co-founder Arthur Hayes predicts that Bitcoin will reach $750,000 to $1 million by 2026. However, he also expects Bitcoin to remain sideways between $25,000 and $30,000 in 2023.
Telegram and Discord as Tools for Crypto Investors
Telegram and Discord have become popular platforms for crypto investors, especially for trading with the assistance of trading bots. However, there have been instances of platforms like None Trading on Discord ceasing operations due to critical exploits affecting their infrastructure.
Hot Take: Monitoring Telegram and Discord for Crypto Opportunities
As the crypto market enters a bull phase, it’s crucial to keep a close eye on platforms like Telegram and Discord for upcoming projects. This can provide investors with new trading opportunities and potential catalysts for altcoins. By staying vigilant and conducting thorough research, you can uncover surprises and make the most of these opportunities. Remember to focus on projects generating significant news and hype to maximize your profit potential in this favorable market.
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