Meme coins

Thousands of memecoins are launched every single month, and unfortunately, the vast majority of them don't go anywhere.

In fact, the trajectory of a typical memecoin launch is to spike up and then crash, never to recover.

That's right!

It never gets back to zero because theoretically it still has value, but good luck getting your money back.

If you're playing the memecoin game, here is the best advice I can give you.

Go to DEXScreener and filter memecoins based on Solana and market cap.

Look for memecoins that are between $1 million and $3 million in market cap, and filter them based on how long they've been around.

The longer the better.

Next, look at every chart (and I'm talking about the full chart, not hourly not day by day not monthly, but the full chart, the full performance of the memecoin).

If you see this pattern where it spikes up at first and then crashes and then spikes up again, and the crashes never go past the initial crash, and then repeating this process in a stairway type of pattern over an extended period of time (the longer the better), you might have yourself a winner.

This means that the holder base of that memecoin is stable and it's gaining traction over time.

Now this is not a slamdunk.

There are other factors.

At the very least, you should protect yourself from being scammed by making sure that the liquidity pool is burned, and that the contract has been surrendered, meaning the developer of the memecoin can come in and mint new coins or block it from doing certain actions.

Also, pay attention to the number of developer bags.

The fewer the developers and the smaller the bags, the better.

Also, pay close attention to how much their initial dumping there is.

If people are still waiting to dump their bags later on, you might get rugged in a technical way.

But if the early holders have already dumped their share of memecoins and the memecoin is still going up, you may be on to something.

That's the best advice I can give you.

Please understand that it's very risky but if you do identify a good one, it is definitely worth it because the returns on memecoins are astronomical since you're getting in close to zero.

Imagine getting in at a $2 million market cap valuation and the memecoin goes on to a $30 million market cap valuation and you unload.

That's big.
 
You can first join some cryptocurrency trading groups where they often share some of the knowledge they know.
 
There are many great projects on the Solana blockchain, but memecoins may be particularly vulnerable to scams due to the tricky nature of it
 
the entire space is pretty bad and fake, if you want to make guaranteed $$$ just go and create an infoproduct around it
 
Back
Top