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 crypto currency 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. Artificially created memecoin hype Specifically, he singled out the examples of social media influencers and celebrities like Andrew Tate, Iggy Azalea, Ryan Garcia, and Dylan Dennis, who all became part of the memecoin craze but were “actually using their name to create a memecoin to make a lot of money out of it by dumping it on you.” ...