PEPE and WIF Holders, Be Careful! Memecoins Are at Crossroads, Next Few Days Crucial, Elite Crypto Analyst Warns

Miles Deutscher, a top crypto analyst, expressed his concerns regarding the current state of meme coins This affects holders of various meme coins including PEPE and WIF.

He argued that the memecoin market is at a critical juncture, where it could either gain mainstream retail appeal or hit a local top.

Deutscher noted that meme coins have gained significant traction, especially those identified by MustStopMurad.

Reasd Also: Here’s Why AAVE Price Action is Turning Heads – Key Details Explained

Celebrate Dogecoin and Make Big Gains with Doge2014!

Doge2014 raises 500K in days celebrating Dogecoin. Make potentially big profits and get in on exclusive airdrop!

Show more +

He observed that social media platforms like X are saturated with posts promoting memecoins. This suggests that the crypto community is divided into those who have embraced the meme trend and those who have opted out.

Meme coins initially thrived within the confines of the crypto community. But the crypto analyst thinks their popularity is now spilling over into platforms like YouTube, where meme-related videos are beginning to go viral.

This shift indicates a growing interest from a broader audience. However, Deutscher cautioned that this increased attention may lead to a crowded trade, questioning whether the current enthusiasm can be sustained.

Read Also: SUI Versus Solana (SOL): Which Crypto Is Better to Hold Right Now?

Deutscher elaborated on the idea that while there is a bullish sentiment in the short term, the overwhelming focus on memes within the crypto Twitter community may not be enough to support further price increases. He suggested that if memecoins do not transition into mainstream appeal soon, they might experience a local top, leading to a temporary cooldown.

Long-Term Outlook for Memecoins

In his view, while he remains optimistic about the long-term potential for memecoins—anticipating significant growth by 2025—he urged caution in the short term. He emphasized that the next few days are crucial for determining the future trajectory of these assets.

He thinks that now could be a potential opportunity for accumulation if a cooldown occurs, while also acknowledging the possibility of immediate mainstream success, which must happen soon to avoid delays until 2025.

Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.

We recommend eToro

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more
Active user community and social features like news feeds, chats for specific coins available for trading.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

Tags:

Temitope Olatunji
Temitope Olatunji

Temitope is a seasoned writer with over four years of experience. He specializes in Web3 and FinTech topics and enjoys creating content in these areas. He holds both a bachelor's and master's degree in Linguistics. When not writing, he trades forex and plays video games.

CaptainAltcoin
Logo