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Memecoin Supercycle Brewing, Expert Reveals How to Pick Next 100X
- Popular YouTube analyst and CNBC trader Ran Neuner has unveiled the “perfect crypto portfolio” – and you might be surprised to learn that memecoins feature prominently.
- Neuner argues that memecoins boast short-term profit potential unlike any other digital currency, if you get your picks right.
- The trader’s latest video suggests asking several pertinent questions about each memecoin project before investing to help avoid scams and failing projects.
Memecoins are a harbinger of hope for the crypto community. When they run hot, the market runs hot. But when things are looking dicey, memecoins are often the first domino to collapse.
Few other tokens can deliver such mouth-watering gains and tear-jerking failures within the same month.
That’s the rollercoaster of emotions that memecoins provide. If you want your portfolio to safely accrue a few percentage points every financial year, these tokens are probably not for you.
But, according to Ran Neuner, if you want to take a gamble – getting in before a big memecoin run can be your one-way ticket to 100x profits.
Related: Vitalik Buterin Converts Memecoin Holdings to Ethereum for Charity, Impacting Token Value
The Perfect Portfolio Needs a Bit of Risk, According to Crypto Expert
Ran Neuner’s latest series of videos discusses building the perfect crypto portfolio. As you’d expect, it’s all about diversity. Holding blue chip assets as a store of value (Bitcoin and Ethereum) helps balance risk, while investors can look into exciting new projects that haven’t quite broken into the mainstream yet as growth options.
But, upon completing the video, Neuner conspicuously left a few slots open at the bottom of the “perfect portfolio” to fill with some rather… risky assets.
You guessed it – the popular trader and analyst thinks every good portfolio needs a serving of memecoins.
Why?
Well, Neuner believes something huge is going to go down:
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It’s a memecoin super cycle.
Neuner’s Six-point Plan to Separate the Winners From the Losers
Neuner’s latest posts deep dive into the meme coin crypto sector, showing viewers how to best interrogate various projects and distinguish the winners from the scams.
The analyst provides a simple six-step list for each investor to consider before putting their hard-earned cash into a risky asset.
You should ask yourself:
- Can the concept create a cult? (Think of the way Dogecoin and Pepe have become internet sensations)
- Has the coin made people rich? (Demonstrating organic growth)
- Has the coin survived dumps?
- What’s the holder distribution (Are there lots of smaller holders, or is the market controlled by a select few whales)?
- How strong is the community? (You can check Reddit, Telegram, Discord and other social media platforms to gauge this)
- Is it an influencer or private coin where famous people stand to profit? (These projects typically lack proper governance and development and are quick cash grabs)
Putting it all together, Neuner argues there are five high market-cap meme coins worth considering – Popcat, Mog, Giga, Michi and the disturbingly named HarryPotterObamaSonic10Inu.
Related: Kaiko Says Chances for XRP ETF ‘Very Slim’ Highlights Regulatory Hurdles
You can read more about his justification for these tokens, as well as analysis on less prominent memecoins, on a public Google spreadsheet.
All in all, memecoins are one of the most controversial assets you can buy in the digital currency market. The sector often demonstrates immense growth potential, but is also saturated with scams and projects going nowhere.
Picking the good from the bad is difficult – but with strong fundamental analysis and sensible investing, Neuner believes traders can increase their chances.
Author
Ben Knight
Ben Knight is a writer and editor from Melbourne with a passion for all things music and finance. He enjoys turning complex topics – especially the technical details of cryptocurrency – into digestible bites that anybody can understand. He acquired his Master’s in Writing, Editing and Publishing from RMIT in 2019 and has run his own creative writing business ever since.
