Miles Deutscher, a well-known crypto analyst, recommends that investors closely monitor Telegram and Discord for upcoming projects as the bull market approaches. This way, they can seize all new opportunities.
“Now that market conditions are becoming more favorable, expect an uptick in “good news,” Deutscher stated.
Social Media Platforms Offer Bull Market Opportunities for Crypto Investors
Deutscher predicts that shifting market conditions will positively influence the profit potential of altcoins:
“This will have a positive effect on many altcoins and create new trading opportunities.”
Deutscher advised his 363,500 followers on X (formerly Twitter), to stay vigilant for online opportunities:
“Some will be a surprise, but with some digging (Telegram, Discord, AMAs etc.) you can find them.”
However, he directed his followers particularly to the projects generating a significant amount of news and hype:
“Look for projects with major upcoming catalysts or announcements,” he further stated.
Read more: What are Moving Averages in Crypto Trading?
His statement was met with various reactions from X users.
While skepticism was present among some, others expressed optimism regarding the update provided by Deutscher. “So all these projects are only about money,” one X user stated, while another stated that “this is what I call good information!”.
Meme Coins Surging In Recent Times
Recently, BeInCrypto reported a significant breakout in the long-term descending resistance trend line of the popular meme coin PEPE. This comes after the PEPE team just announced a significant token burn.
On Oct. 24, PEPE reached a high of $0.00000106, the highest price since August.
At the time of publication, PEPE’s price is $0.00000117.
Meanwhile, the booming market has had many crypto analysts forecast the price of Bitcoin and what it could potentially hit in the near future. On Oct. 6, BitMEX co-founder Arthur Hayes predicted that Bitcoin (BTC) will hit $750,000 to $1 million by 2026.
However, at the time of interview, Hayes stated that the price of Bitcoin would stay sideways between $25,000 to $30,000 between 2023.
On the other hand, Telegram and Discord have become popular choices for crypto investors in recent times, especially to assist with trading through trading bots.
On October 20, BeInCrypto reported that None Trading, a Discord crypto trading bot, declared the cessation of its operations, due to a “critical exploit” affecting its infrastructure.
Read more: How To Trade Bitcoin Futures and Options Like a Pro
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