Crypto Expert Warns Memecoin Craze is Fading Heres Why
Renowned cryptocurrency expert Michaël van de Poppe, who recently made a bold move by going all-in into altcoins, has now expressed his belief that the era of memecoins might be drawing to a close. Van de Poppe, known for shaking up his altcoin portfolio, has highlighted that only a select few stronger assets have the potential to perform well in the future.
In a YouTube video streamed on June 23, van de Poppe explained his skepticism towards memecoins, stating that while some individuals have made significant profits from investing in them, the reality is that the majority of people are losing out on memecoins. He emphasized that behind the scenes, there is a lot of artificially created hype surrounding memecoins, with social media influencers and celebrities using their names to make money by essentially dumping these coins on their followers.
Van de Poppe cautioned that the memecoin craze is now losing momentum, and the dominance of memecoins in major altcoin markets is subsiding. He advised against investing in meme coins at this point, suggesting that the upside potential is limited.
Despite this caution, van de Poppe identified three memecoins that he believes stand out from the crowd: Dogecoin (DOGE), Dog (Runes) (DOG), and Pepe (PEPE). He expressed confidence in the future potential of these coins and suggested that they should be considered for inclusion in one’s cryptocurrency portfolio. In particular, he highlighted the undervalued position of Dogecoin and its potential integration into a popular social media platform as a solid reason to invest in it.
In conclusion, van de Poppe, a seasoned crypto trader, emphasized the importance of conducting thorough research before investing in the cryptocurrency market. He stressed that investing in cryptocurrencies is speculative and carries the risk of capital loss.
It is essential to note that the content in the article does not constitute investment advice, and individuals should proceed with caution when investing in the volatile cryptocurrency market.