According to Deutscher, the changing market conditions are expected to have a positive influence on the profit potential of altcoins. He suggests that this will bring about favorable outcomes for numerous altcoins and create fresh trading prospects.
Deutscher advises his audience of 363,500 X followers (formerly known as Twitter) to remain vigilant regarding online opportunities. He highlights that during unfavorable market conditions, several projects tend to defer or cancel important announcements. However, with the current market conditions improving, one can anticipate an upsurge in positive news. It is crucial to bear in mind that projects are strategically aiming to maximize profits. While some announcements may come as a surprise, diligent exploration of platforms such as Telegram, Discord, AMA, and others can help in discovering them.
However, the analyst specifically recommends paying attention to projects that gain significant news coverage and create buzz. He suggests seeking out projects with upcoming catalysts or important announcements.
After sharing this advice, it generated mixed reactions from users on X. While some expressed skepticism, others showed optimism toward Deutscher’s recommendations. User X commented, “So all these projects are just for money,” while another said, “This is what I call good information!”.
Recently, memecoin PEPE experienced a noteworthy breakout from a long-term descending resistance trendline. This development follows a significant token burn announcement made by the PEPE team. On October 24, PEPE reached a peak price of $0.00000106, marking its highest value since August. Currently, the price of PEPE stands at 0.00000125 USD.
Meanwhile, the flourishing market has led many cryptocurrency analysts to make predictions about Bitcoin’s future price and potential achievements. On October 6, BitMEX co-founder Arthur Hayes forecasted that Bitcoin (BTC) would reach a value of $750,000 to $1 million by 2026. However, during the interview, Hayes also mentioned that the price of Bitcoin would stabilize between $25,000 and $30,000 in 2023.
On another note, both Telegram and Discord have gained popularity among crypto investors, particularly for supporting trading activities with the assistance of trading bots.