Heavily followed crypto trader Altcoin Sherpa provided a detailed analysis on whether the “meme coin super cycle” is still ongoing or if meme coins are past their peak.

What Happened: Sherpa reflected on the historical performance of meme coins like Dogecoin DOGE/USD, which have experienced dramatic cycles of rapid gains followed by sharp retracements. He contrasted the arguments in favor and against a continuation of the meme coin trade.

Favoring Meme Coins:

Sherpa stated that people are tired of VC-backed projects with inflated valuations, preferring meme coins’ higher float and more equitable distribution.

Their speculative nature make them more interesting than technology coins. “If…

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