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29 September 2023
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Crypto Messiah Reveals What’s Fueling Massive Meme Coin Rallies, Issues Warning on Next Bitcoin Bubble

The popular analyst and trader Crypto Messiah is pulling back the curtain on the DeFi craze.

In a new Venture Coinist interview with Luke Martin, the pseudonymous trader explains how investors are taking advantage of the decentralized protocol Uniswap to try and supersize their portfolios. He says the simplicity of the smart contract platform, which allows traders to essentially swap Ethereum (ETH) for a given coin without complex trading orders, is the secret sauce that’s triggered a burst of liquidity.

The truth, says the trader, is that it takes an incredible amount of luck to spot the next coin that will shoot to the moon in a matter of days. And for every person who claims they made big gains, there are 100 people who likely lost it all.

He urges anyone looking to grow their portfolio to learn how to invest in legitimate projects with novelty, a narrative and a strong team leading the way.

You can immediately protect yourself, whether you are an extremely knowledgeable market participant or not, by only even considering things that are novel in some shape, form, or fashion. When Tendies dropped, I was talking about it a $1 million market cap, people said ‘Oh you’re a piece of shit for talking about Tendies bro. That’s bullshit blah blah blah.’

As silly as it is, it’s novel. We’re talking about a meme coin for the DeFi age. You’ve got really two things that are pumping and pumping really hard right now. Those are DeFi projects and other projects that are revolutionary monetary experiments…

The probability of you having that next 100x bag is extremely low. While this may seem unrealistic, all it takes is a 5x rolled into a 5x rolled into a 4x for you to achieve the same result with lower downside risk and higher probability. Why would you not take that approach versus being a hopium bag holder hoping you have the next big thing?”

Tendies (TEND) is a hyper deflationary crypto asset that rewards the coin’s largest holders. It soared over 800% in less than three weeks after its launch, according to CoinGecko.

Source: CoinGecko

Crypto Messiah says Uniswap has triggered a craze that reminds him of the crypto markets back in 2014.

Although it’s hot right now, he says traders need to realize the markets are in the euphoric phase of a new Bitcoin bubble that is bound to burst.

“This bubble pop is going to be really, really bad this time. That’s part of the reason why I said, ‘I’m going to semi-retire after this bubble’ just because I don’t have it in me to sit around for five years after this. That’s how brutal it’s going to be.”

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