Crypto Analyst Unveils List Of Top Memecoins To Buy Now
18 November 2024 - 7:30PM
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In his latest YouTube video titled “Turn $1,000 into $100,000 With
Meme Coins in 45 Days! [I’m Buying These Memes Now],” Miles
Deutscher provides an analysis of the current memecoin landscape
where he lists specific coins that he believes are poised for
substantial growth. Deutscher contextualized the current market
environment, stating, “altcoins are now breaking out of a key
resistance level on the weekly, absolutely flying specifically the
meme coins.” He attributes this surge to the memecoin supercycle,
driven by increased retail participation and strategic exchange
listings. “The altcoins that people are bidding in light of this
breakout are the memecoins, specifically the ones that are getting
exchange listings,” he explains. List Of Deutscher’s Top Memecoins
To Buy Now Among the top memecoins Deutscher highlights, Pepe
(PEPE) is a standout performer. “Pepe is my first 100x through
memecoins,” Deutscher exclaims. He advises a proactive trading
approach, utilizing technical indicators to navigate its price
movements. “Pepe continues to show strong bullish signals, making
it a prime candidate for long-term holds and active trading,” he
asserts. Related Reading: Uncertainty Looms For Crypto As SEC And
CFTC Leadership Transitions Unfold Under Trump Dogwifhat (WIF) is
another memecoin that Deutscher identifies as having significant
upside potential. “WIF is performing exceptionally well right now,”
he notes, pointing to its strong market performance. Deutscher
recommends monitoring breakout patterns and technical signals akin
to those observed with Pepe, suggesting that WIF is well-positioned
to capitalize on the ongoing market momentum. “Watch for breakout
patterns and technical signals similar to Pepe,” he states. Foxy
(FOXY) also garners attention for its remarkable performance,
currently up approximately 110% in the last 13 days. “Foxy has
started flying the spell call from yesterday,” Deutscher states. He
recommends a strategic approach of taking partial profits while
maintaining the majority of the position to maximize returns.
“Targeting higher range highs with potential for yearly high
retests,” he explains. Spell (SPELL) is another memecoin that
Deutscher praises, having increased by 41% since his entry and 67%
in the last 12 days. He attributes its success to “unit bias and
low market cap psychology,” emphasizing the psychological factors
that drive retail investment in lower-priced tokens. “Spell is the
lowest market cap meme on Coinbase, and unit bias is a real thing
with retail,” he observes. Deutscher targets a multi-billion market
caps for Spell, advocating for holding positions to fully
capitalize on its growth potential. Related Reading: New Era For
Crypto Regulation? SEC Chair Gensler Suggests He May Step Down Bonk
(BONK) and Floki (FLOKI) are recognized by Deutscher for their
consistent performance within the memecoin sector. “Bonk continues
to be a strong performer,” Deutscher remarks, while FLOKI’s
substantial gains of approximately 85% are noted as being driven by
overall market momentum. “FLOKI benefits from the flywheel effect
and overall market momentum,” he explains. Peanut the Squirrel
(PEANUT) is highlighted for its explosive growth, having surged by
an impressive 1,800% within the last nine days. Deutscher
attributes its rapid rise to heightened retail investment and
speculative trading. He underscores Peanut’s potential for
continued growth, driven by its strong momentum and increasing
market interest. “Peanut exemplifies the explosive potential within
the memecoin arena,” he states. Goat (GOAT), the leading AI
memecoin, has seen a fivefold increase over the past month and has
crossed the $1 billion market cap with the latest surge. However,
GOAT is far from done. “Goat is targeting multi-billions,”
Deutscher asserts, indicating his confidence in its scalability and
long-term viability. In addition to these primary memecoins,
Deutscher also mentions SPX6900 (SPX) and Giga (GIGA) as newer
additions to his portfolio, both showing positive returns. “SPX is
considered a relative strength leader with potential for
significant upside,” he elaborates, while Giga’s performance is
tied to technical setups and anticipated exchange listings, making
it a strong contender in the memecoin sector. “Giga remains a
strong contender based on its technical setups and upcoming
exchange listings,” Deutscher notes. Deutscher also touches on
several other memecoins, including Popcat, MOG, Miggles, Flaky,
Pups, Simon’s Cat, Toshi, Billy, and Paradise, each noted for their
varying performances and niche market potentials. He observes,
“animal coins have been super hot,” particularly cat-themed
memecoins like Popcat and MOG, which he believes are ripe for
rotation plays within their specific sub-sectors. In general,
Deutscher emphasizes the current significance of exchange listings
and weekend trading dynamics. “Weekend pumps have become a lot more
probable across the board now that retail is back,” he explains,
noting that retail investors are more active during weekends,
driving substantial market movements. He also advocates for
monitoring intra-rotations within memecoin sub-sectors, such as
cat-themed coins, to capitalize on emerging trends and early
investments. At press time, PEPE traded at $0.00002080. Featured
image from iStock, chart from TradingView.com
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