Crypto Investors Are Being Warned As A Bull Market Approaches.
As the bull market approaches, prominent crypto analyst Miles Deutscher advises investors to monitor Telegram and Discord for upcoming projects. In this way, you can use all new opportunities.
“Now that market conditions are becoming more favorable, expect more ‘good news',” Deutscher said.
Deutscher predicts that changing market conditions will have a positive impact on altcoins' profits:
“This will have a positive impact on many altcoins and create new business opportunities.”
Deutscher advised his 363,500 followers on X (formerly Twitter) to be wary of online opportunities:
“Some will be surprising, but you can find them with some digging (Telegram, Decord, AMAs, etc.).”
However, he led his followers to projects that generated a particularly large amount of news and buzz:
“Look for projects with major upcoming incentives or announcements,” he says.
Read more: What are Moving Averages in Crypto Trading?
His statement received mixed responses from X users.
While there was skepticism among some, others expressed optimism regarding the update provided by Deutscher:
“So all these projects are just about money,” said one X user, while another said, “That's what I call good information!”
Meme coins have been on the rise in recent times.
Recently, BeinCrypto reported a significant breakout in the long-term stability trend of popular memecoin PEPE. This comes after the PEPE team announced a significant token burn.
On October 24, PEPE reached its highest price since August at $0.00000106.
At the time of publication, the price of PEPE is $0.00000117.
Meanwhile, the rising market has many crypto analysts predicting the price of Bitcoin and what it might hit in the near future.
On October 6, BitMEX co-founder Arthur Hayes predicted that Bitcoin (BTC) would reach $750,000 to $1 million by 2026.
However, during the interview, Hayes said that between 2023 and 2023, the price of Bitcoin will remain on the sidelines between $25,000 and $30,000.
On the other hand, Telegram and Discord have become popular choices for crypto investors in recent times, especially for trading bots.
On October 20, BeinCrypto reported that No Trading, a Discord crypto trading bot, had announced it was shutting down due to a “critical exploit” affecting its infrastructure.
Read More: How to Trade Bitcoin Futures and Options Like a Pro
Disclaimer
Adhering to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This newsletter aims to provide accurate and up-to-date information. However, readers are advised to independently verify facts and consult with experts before making any decisions based on this content.
