Recently, Carl Runefelt sat down with Terell to discuss their thoughts on altcoins, meme coins, and strategies for the upcoming year, 2024. The CoinSpeech team has collected the most important insights from Carl’s latest video appearance. You can find Carl Runefelt’s new video below.
The Burn Metaverse Opportunity
Carl emphasized the potential of the Burn Metaverse project. It initially launched with a value of $6 but has since dropped by 93%, which he says is typical for altcoins. He notes the importance of keeping an eye on projects that continue to build and innovate, even if their current price is low. “If you can find the valuable projects where they’re still building, still creating new technology while the price is low, it’s a decent speculative play.” Burn Metaverse has recently introduced a new application, their “brain,” which functions like a social media platform for the metaverse.
Orange DX: A Surprising Performer
Carl’s community has seen substantial gains from Orange DX, a project that has gone up over 4x in price since he first mentioned it. “If you’re in it for the tech and you think that building on top of Bitcoin is something good, then Orange DX is definitely something to check out.”
Smart Money Analytics
One tool Carl uses for on-chain analytics allows him to track the most profitable wallets and monitor market trends. “This helps a lot because you can track where the whales are buying. Whatever the whales buy is probably going to be pretty good.”
Focusing on Layer One Solutions
Carl is particularly passionate about layer one solutions like Baseline AI and Polkadot. “Solana is just the best right now; everybody uses Solana and everybody’s building on it.”
The Rise of Meme Coins
According to Carl, meme coins have a special place in the crypto ecosystem, particularly for new users. He discussed the significance of Pepe Coin and Based AI, both with substantial backing and trading volumes. “If you’re not spending pretty much all day, even while you’re at work, getting involved in the altcoin space, then it’s going to be tough for you to catch up.”
Tips for New Crypto Investors
- Be Patient: “Patience is a virtue. You want to buy when it’s red and sell when it’s green.”
- Take Profit: “When we say take profit, we mean take profit. If you take the profit into another meme coin, that’s not profit-taking; that’s gambling again.”
- Have a Strategy: “Whatever you’re passionate about, spend time studying it and make sure to have a plan to store your wealth.”
Solana’s Role in the Future of Crypto
Solana continues to attract big names and projects, including PayPal launching their stablecoin on the Solana blockchain. “Solana is probably going to go to $1,000 in the long term.”
Global Crypto-Friendly Regions
Entrepreneurs and projects are increasingly flocking to regions with favorable crypto regulations, such as UAE and El Salvador. Carl points out that these locations offer environments conducive to innovation and growth. “If you are in the US at the minute, it’s probably not the most friendly country for crypto.”
The Importance of Community and Information Sharing
Carl strongly encourages involvement in the crypto community for updated insights and shared knowledge. “Make sure to check out Terell’s channel, Krypto King, for amazing gems.”
The crypto world is ever-changing, with significant opportunities for those who stay informed and make educated decisions. Carl Runefelt’s insights serve as a valuable guide for navigating this exhilarating market terrain.