Top Trader Wonders If 'Safer Big Caps Like Pepe, Dogecoin' Will Outperform His Meme Coin Portfolio
Pseudonymous crypto trader Altcoin Sherpa recently shared insights on his meme coin holdings and future investment ideas in the realm of meme cryptocurrencies. Sherpa disclosed that his current meme coin portfolio includes mid-cap coins such as Non-Playable Coin, Foxy, Based USA, and Puff The Dragon.
Considering Safer Big Caps
Sherpa pondered whether he should invest in safer big caps like Pepe and Dogecoin, or diversify into several mid-sized meme coins. He mentioned that he had a significant stake in Maga Memecoin but decided to sell due to concerns over risks, limited profit potential, and volatility linked to DJT stock price movements. "I still think it’s a great meme, but the upside is somewhat capped, and the risk of it going to zero is a bit scary," he explained.
Interest in Cat Coins
Additionally, Sherpa is considering increasing his investments in cat coins, as he believes there is a "decent upside" to them as well.
Exploring Rotator Strategy
Another interesting point Sherpa brought up was the potential of becoming a 100% rotator, a strategy where one frequently changes investments based on market trends. “I'm toying around with the idea of just being a 100% rotator instead of holding a bunch of s–tcoins (other than big caps of course), we'll see what happens," he shared.
Meme Coin Super Cycle Theory
Supporting the theory of a meme coin super cycle, Trader Unipics emphasized that the performance of meme coins against major cryptocurrencies indicates that the super cycle is still ongoing.
Looking Ahead
The influence of meme coins and Bitcoin as an institutional asset class is slated for detailed discussion at an upcoming event on Nov. 19.
Is The ‘Meme Coin Super Cycle’ Over?
The ongoing debate about the meme coin super cycle raises critical questions about the future prospects of various meme coins. Both pros and cons of investing in these coins remain a topic of interest for many traders.
This analysis offers a snapshot of the dynamic and sometimes perplexing world of meme coins, emphasizing the need for both strategic thinking and flexibility in navigating this evolving market.
