Matthew Perry Discusses Early-Stage Crypto Plays With Potential, Including Frog-Themed Coin Croakey and Super Trump

Analyst Matthew Perry took to his latest video and shed light on a few early-stage plays with potential.

Stock market analyst Matthew Perry recently shared his insights on promising early-stage crypto plays in his latest video analysis. He highlighted several positions he had mentioned in the past, including Croakey, a frog-themed coin.

According to Perry, whenever he ventures out to uncover the next big coin, the vast crypto landscape poses a unique challenge. With a multitude of factors to consider, ranging from sectors and types to popularity, pinpointing the next breakout coin can be a daunting task.

Croakey, A Frog-Themed Coin Among Early Picks

Among his picks, Perry mentioned Croakey, a frog-themed coin that has gained popularity due to its unique theme, much like other successful frog-related coins in the past. Croakey boasts a market cap of $2.3 million, with $435,000 liquidity, 2 billion circulating supply, and $21,000 volume.

Next on his list was Super Trump, which he prefers over Maga due to its lower market cap and potential connection to election-related trends. Super Trump has a $22.8 million market cap and $2.9 million volume, which Perry believes could indicate significant growth during election times when related topics trend.

He also mentioned owning Joe Biden Coin to balance his holdings, along with MAGA Trump Coin. The analyst betont that his focus is on supporting strong ideas, especially those favorable to cryptocurrency, rather than political affiliations. Meme coins like Joe Biden Coin can gain massive traction from major news events. Despite its low market cap, Joe Biden Coin has already shown substantial returns.

Currently, Joe Biden Coin has a market cap of $7.4 million and a trading volume of $2 million. With a volume-to-market cap ratio of 27%, the coin experiences significant trading activity, which suggests that its market cap should be higher.

GameStop: Community Support Could Boost Altcoin Season

The final position Perry discussed was GameStop, highlighting the importance of understanding the events surrounding GameStop, such as hedge fund shorting and aggressive attempts to bankrupt the company. He noted that the community’s response to these actions has been substantial.

As GME gains momentum, it will also drive interest during altcoin season, according to Perry. GME remains a popular position with strong community support. Despite having the highest market cap among the positions discussed, he believes GME still has considerable growth potential due to its meme connection, strong community backing, and the increasing interest from retail.