If you’ve been scratching your head, wondering how to make some serious dough in the world of cryptocurrency, we’ve got some good news for you!
According to expert analyst Miles Deustcher, it’s not as tough as you might think. Miles spilled the beans in a recent video, revealing a common mistake that many people make when trying to strike it rich in crypto.
Miles has a simple solution to help you make more money: focus on what’s popular. And what’s hot right now? Meme coins. Those quirky little coins with names like Doge and Pepe might seem silly, but they’re raking in serious cash for savvy investors. Miles says you should pay attention to what everyone else is talking about because that’s where the money is.
In his recent video, he mentioned various meme coins, highlighting one in particular that he favored over Doge. He said that the WIF coin has been outperforming, almost doubling in value since he first mentioned it on the show when it was around a dollar. He also pointed out another coin called Myro, which has surged by 239% in the last week alone.
While meme coins dominate retail attention, AI is another sector he’s bullish on. He observed that over the last 24 hours, AI and meme coins were among the strongest performers, citing examples like Axie Infinity and Fetch.ai. He believes AI has long-term potential, especially in distributed machine learning networks.
Furthermore, he hinted at a potential rotation towards crypto gaming, comparing its significance to that of memes in the last cycle. He mentioned upcoming gaming projects like Chrono Forge and Sify, expressing optimism about their potential performance. He acknowledged the volatility in the gaming sector but sees it as a promising area for investment.
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