Is This The ‘Next Dogecoin’? Top Crypto Analyst Thinks So 🐶
Prominent crypto analyst Miles Deutscher has highlighted Luckycoin (LKY) as a potential competitor to Dogecoin. With a significant following, Deutscher's insights hold weight in the crypto community. His video titled "I Just Found The Next DOGE!" unveils Luckycoin’s untapped potential, a meme coin integral to Dogecoin's inception, being its original fork.
Dogecoin co-creator Jackson Palmer described Luckycoin’s unique element of random block rewards, which were factors in Dogecoin's creation. Luckycoin, launched in May 2013, halted in November 2013 but revived in 2024, now one of the oldest actively mined blockchains, generating renewed interest and increased hash rate.
Deutscher noted discrepancies in Luckycoin's listed market capitalization, arguing actual figures underestimate due to lost coins. He envisions its market cap could grow significantly, emphasizing crypto’s narrative-driven nature, seeing Luckycoin's story and its ties to Dogecoin as compelling for investors.
Looking forward, Deutscher speculates the upcoming Chinese New Year could boost Luckycoin, aligned with China's luck and prosperity themes. Limited exchange availability, he suggests, presents both a hurdle and a growth opportunity for Luckycoin. His transparent investment in Luckycoin further underscores his belief in its potential, despite acknowledging risks.
Source: www.newsbtc.com ↗