Memecoin fiesta is 'dying down' warns crypto expert; here’s why

Not long after going all-in into altcoins and shaking up his altcoin portfolio, renowned cryptocurrency expert Michaël van de Poppe has pointed out that the memecoin party might be coming to an end, with only some of the stronger assets actually having the potential to perform well in the future.

Indeed, van de Poppe explained that he was not a fan of memecoins because, while some people are making millions investing in them, there is a lot happening behind the scenes, arguing that the “99.9% is where people are losing on memecoins,” in a YouTube video streamed on June 23.

Memecoin dominance in major altcoin markets. Source: Michaël van de Poppe

Some memecoins are worthy

That said, the professional crypto trader has also identified three memecoins that stand out in this crowd, including Dogecoin (DOGE), Dog (Runes) (DOG), and Pepe (PEPE), for which he believes will deliver high returns in the future and should be part of everyone’s crypto portfolio.

In particular, he pointed out the “super super” undervalued position of Dogecoin as one of the top meme coins, sharing his belief that social media platform X was going to integrate it within its ecosystem, therefore:

“So there’s a lot of upside to be made, (…) and I think that Dogecoin can still do really well, so if you want to include any memecoin in your portfolio, this is just a solid one to have.”

Dogecoin price performance analysis. Source: Michaël van de Poppe

All things considered, van de Poppe is an experienced crypto market participant who has lived through many ups and downs, gains and losses, and understands well what he is getting himself into when trading crypto, illustrating the importance of doing one’s own research when investing.

Watch the entire video below:

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.