Here’s Why Memecoins Are Outperforming Most Altcoins This Cycle, According to Analyst Will Clemente

A popular on-chain analyst explains why memecoins have massively outperformed most altcoins this cycle.

In a new interview with Bitcoin (BTC) bull Anthony Pompliano, Will Clemente says traders are getting into memecoins because they believe it’s the crypto sector that offers the highest upside potential.

Clemente points out that even though other altcoins have strong fundamentals, traders ignore them because it is difficult to understand their value proposition.

“If I want to go further on the risk spectrum, what should I allocate to? There are all these very obfuscated questions, with a lot of technical jargon, about the accumulated value for a lot of these altcoins that represent mid-nine billion or $2 billion market cap tokens.

The reality is that the average retailer has a very low probability of getting a 10 or 15Xing something like that. But they have a much higher probability of doing so with memes. So I think a lot of people who are coming into the space and looking to speculate for the first time are participating in it.

Clemente also says that traders are flocking to memecoins because they don’t have the skills to swim with the sharks.

“The group of market participants who play this game are much less sophisticated than the group of market participants who trade Bitcoin… think you’re going to play poker at a table. You’re going to play with these high stakes guys who have been playing for 25 years or you’re going to sit at the table with people of the same skill level.

I think that’s how a lot of people are thinking about participating in these memecoin markets as well.

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