99.9% of Cryptocurrency Meme Investors Lose Money – Michael van de Pope

After making major changes to his altcoin investments, renowned crypto expert Michael van de Pope recently pointed out that the popularity of meme coins may decline, with only a few stable assets likely to perform well in the long run.

Van de Pope expressed his skepticism towards meme cryptocurrencies, noting that while some investors are making significant profits, there is a hidden risk. In a recent YouTube video, he pointed out that “99.9% of people lose money on meme tokens.”

He highlighted how social media influencers and celebrities such as Andrew Tate, Iggy Azalea, Ryan Garcia and Dillon Dennis have contributed to the meme coin craze, using their fame to promote and profit from them, often at the expense of other investors.

“People need to understand that 10,000 meme tokens are created monthly, and 99.9% of them are designed to drain money from investors, providing their creators with significant profits.”

According to the expert, the hype around meme cryptocurrencies has already peaked, which is evident from their declining dominance in the major altcoin markets. He noted:

“The frenzy around meme coins is diminishing. There is now little chance of making profits with them, which is not an optimal investment scenario.”

However, van de Pope identified three meme tokens that can still deliver high returns: Dogecoin (DOGE), Dog (Runes) (DOG) and Pepe (PEPE). In particular, he highlighted Dogecoin’s undervalued position and its potential integration into social media platform X (Twitter), stating:

“There is significant growth potential. I believe Dogecoin can perform well, making it a solid choice for any crypto portfolio.”

Overall, van de Pope extensive experience in the crypto market highlights the importance of thorough research before making an investment.