On social media, Messari founder Ryan Selkis announced his recommended strategy for cryptocurrency investors seeking to maximize profits in the coming year.
Selkis advises against selling during the first four months of 2024.
Masari founder urges investors to lock in crypto profits and avoid selling them
Messari founder Ryan Selkis advises his 340,600 X (formerly Twitter) followers to hold on to their assets for the coming months. Strategic moves are suggested when the market value rises to the realized value two to three times, indicating possible price overvaluation:
“Your mission now should be to hold on to BTC for the next two months, and then make some gains when the MVRV crosses 2-3.”
“Set half aside for taxes and use the other half to play hot money ball if necessary,” he said.
Read more: The 4 best platforms to learn and earn cryptocurrencies in 2024
Profit tips for cryptocurrency influencers in today's market
In a recent post to X (formerly Twitter), Neuner advised his 736,400 followers not to rush into the cryptocurrency market as prices continue to face an upward trend across the board:
“Treat this bull market like a marathon (42 km). We have covered about 10 km already, with 32 km to go.
“There are 32 kilometers of opportunity ahead of us,” he announced to his followers. Furthermore, it reminds them that they don't need to keep track of every trade or have to time each trade perfectly:
“Most people will get REKT before the end because they are rushing to make their fortune!”
However, the market is constantly evolving, with new coins emerging; What gained popularity in the last cycle may differ in this cycle.
In October 2023, BeInCrypto reported that Neuner highlighted PEPE as one to watch closely.
At press time, PEPE was priced at $0.00000117.
He explains that it is a good indicator of the market, to know when the market reaches saturation.
“It's literally an indicator of when the market is overheating. When people are confident enough to go in there and it's pumping, that's your sign to get out. It works every time,” Neuner said.
Read more: How to make money with cryptocurrency: 4 best ways in 2024
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