So, what’s your strategy for spotting memecoins? Both newbies and seasoned degens like me could learn a thing or two
Before we really want to invest in meme coins, make sure that we already understand the risks of meme coins. There is nothing promising in meme coins, and the risk of losing is also very high. It will be very difficult to analyze meme coins, because usually there is no fundamental. So, you really have to be right on target, right on moment and also have to be active on social media.
In my opinion, it's not really that often, it's just that, you can check from:
- Social media (usually Twitter and Telegram)
- Find the hype and just go in, as long as it hasn't experienced a high increase
- Meme coins that are taking advantage of certain moments
- Use very little money, usually only around $ 20 - $ 50
- Or you can also search on dex screener
Remember, there is no guarantee for profits in meme coins, so you have to really calculate whether to enter meme coins or not,