Memecoins
A well-known crypto analyst points out three Memecoins with potential high returns in the future and criticizes one linked to Trump
Cryptocurrency analyst Michael van de Poppe has recently expressed his disapproval of meme coins, despite their recent popularity in altcoin markets. He, however, sees a ray of hope in some popular coins.
What happened: In a post on X on Sunday, Van de Poppe explained his general dislike of meme coins, saying he prefers to invest in infrastructure and the “future of finance.” He sees cryptocurrencies and blockchain as catalysts for a more transparent and fair financial ecosystem, and that is where he focuses his investments.
He acknowledged that meme coins can be useful for testing ecosystems, but criticized celebrities who exploit their following to start meme coins for profit. He cited recent examples such as that of the former president Linked to Donald Trump TrumpCoin DJT/USD, Daddy Tate by Andrew Tate DAD/USD, Iggy Azalea’s Mother Iggy MOTHER/USD and many more.
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Van de Poppe also expressed concern about the risks involved in investing in meme coins. He pointed out that although success stories are often highlighted on social media, there are many cases where people lose all their money by investing in meme coins.
But despite the shortcomings, the trader stressed that some memecoins are worth investing in and that they have a “viable” chance of a long-term high return, i.e. Dogemoneta DOGE/USD, Bitcoin Based on BTC/USD DOG RUNE/USD, e Pepper PEPPER/USD.
Price Action: At the time of writing, memecoins were in a bloodbath. DOGE traded at $0.1208, down nearly 3% in the past 24 hours, according to data from Benzinga Pro. PEPE has lost 8% in the last 24 hours, while RUNES has fallen 9.84%.
Because matter: The cryptocurrency analyst’s views come as he predicts a rebound in the altcoin market in the coming weeks.
“Maybe from next week, or the week after, the big rotation should start,” Van de Poppe said. Revealing his strategies, he said he is well positioned and ready.
Disclaimer: This content was partially produced with the help of Benzinga Neuro and has been reviewed and published by Benzinga Editors.
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