Prominent Amsterdam-based crypto analyst and trader Michael van de Poppe recently expressed his views on meme coins. He stated that he does not view meme coins as viable long-term investments and will not be adding them to his portfolio. Although they may provide interesting trading opportunities, such as PEPE coin which has experienced a surge in price and trading volume over the past several weeks, van de Poppe remains invested in Bitcoin, Ethereum and Chainlink for the long term.

The PEPE coin, which was released onto the market in April by an anonymous team of developers, inspired by the meme Pepe the Frog, saw an impressive $3 billion spot trading volume at its peak. After experiencing a fifty percent drop from its all-time high on May 5th, the meme coin quickly regained $1 billion in trading volume.

In the global market, Bitcoin took a major hit after the Federal Reserve announced a hike in interest rates, disregarding many weeks of BTC's recovery from news of a banking crisis in the U.S. After experiencing a significant setback of 5.64%, it has partially recovered, bouncing back up to the $27,813 mark midweek.

It is worth noting that van de Poppe's analysis is only focused on meme coins, so it is important to remember that other forms of digital currency are still in the market, some of which could still be considered as viable long-term investments. Cryptocurrencies like Bitcoin, Ethereum and Chainlink, remain his core investments. Therefore, while the promising future of meme coins is likely to remain a subject of hot debate within the crypto space, investors should not forget to conduct their own extensive research and carefully consider the actual long-term viability of any crypto currency before deciding to join the fun.



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