With Thousands of Choices, How Do You Pick Memecoin Winners?

[Fivestar4everMVP]

I am just watching the memecoin sector of the cryptocurrency industry with some interest and a little bit of disdain all because while am so aware of the many risks associated with it am at the same time so enamored with the many successful investing stories of those who made it. This can be the reason why many of those who don't love memecoins are now reevaluating their stance to maybe accommodate some on their portfolio as we might see a memecoin boom alongside a strong alt season by 2025.

Now, with thousands of choices available and with new ones sprouting like mushrooms in many platforms, how do you make sure that you are picking the memecoins that will make it to the top of the market?

Picking a right meme coin is a very challenging task, most especially if you want to pick it from it's root.
By picking from its root, I mean, picking a meme coin and investing in it immediately it is created, this is possible with the help of platforms like Dexscreeener, dextools, Blumpad and other platforms where memecoins can easily be created and listed on the Decentralized exchange.

Picking and investing in a memecoin from any of the mentioned platforms above is the most profitable, but also the success rate is very low due to a significant high risk level.
99.9 percent of memecoins created newly usually fail, over 95 percent are outright scam created to scam/rugpull investors, while out of the remaining 4.9 percent, 99.9 percent don't make it to the hype level, which is one important factor that drives investment success in the meme coin.

Investing in memecoin from the root and coming out profitable is luck based, it's almost the same as gambling.

But if you want to play it safe with investing in meme coin, or let me just say, significantly reduce the risk of losing money in meme coin investment, it's better to go for memecoins that are already a success, or very close to being a success, this means, a memecoin that is already popular in the space..
Profit here may be small, but then, the chances of losing money is greatly reduced.

[vegasus]

Picking a right meme coin is a very challenging task, most especially if you want to pick it from it's root.
By picking from its root, I mean, picking a meme coin and investing in it immediately it is created, this is possible with the help of platforms like Dexscreeener, dextools, Blumpad and other platforms where memecoins can easily be created and listed on the Decentralized exchange.

Indeed, And even when it is a newly emerged meme coin, we cannot guess exactly whether the meme coin is one that will really explode or not. Moreover, even though we try to analyze the meme coin project, however, usually this is the same, almost similar. Yes, it's just a matter of which one is stronger for promotion and makes the meme coin become hype and attracts more people to buy. but still, this is not easy, we are just relying on luck, there is no benchmark that can help us 100% correctly choose a newly launched meme coin.

[Aanuoluwatofunmi]

Picking a memecoin winner for ourselves is a personal conviction
, if we think we already have enough information needed regarding the coin in question, how we were able to afford taking the risk on it, the research we have conducted as well as the way we wanted to make everything work out for us in a profitable manner, which may comprises of the strategy we are using over the investment and the duration, if we are more convinced about any coin, then we are going to take it and make investment on it after several considerations.

[Rubel007]

It is definitely difficult to differentiate between good and bad coins in the case of Meme coins. The thing that I give the highest priority to is community support and team activity. It is better to choose coins for investment that have large community support and coins that have high trading transactions.

Meme coins are always risky, but if we invest in a new meme coin before the bull run, it can give good return at the same time it can also lose its value. If someone does not want to take risks, then I think the old coins are better, especially Dogecoin and Shib, both of which are promising. Also, many people are giving various positive opinions about Pepe and Bonk in the market, which will be able to give good results at some point. The number of new coins in the market will increase before the upcoming bull run, but before investing, investors should definitely invest after properly reviewing the risk-related issues, otherwise they will increase the possibility of loss.

[gunhell16]

It is definitely difficult to differentiate between good and bad coins in the case of Meme coins. The thing that I give the highest priority to is community support and team activity. It is better to choose coins for investment that have large community support and coins that have high trading transactions.

Meme coins are always risky, but if we invest in a new meme coin before the bull run, it can give good return at the same time it can also lose its value. If someone does not want to take risks, then I think the old coins are better, especially Dogecoin and Shib, both of which are promising. Also, many people are giving various positive opinions about Pepe and Bonk in the market, which will be able to give good results at some point. The number of new coins in the market will increase before the upcoming bull run, but before investing, investors should definitely invest after properly reviewing the risk-related issues, otherwise they will increase the possibility of loss.

You know you have a point in what you say, and this is a good suggestion. Because honestly, it's very difficult to find and identify real potential meme coins in this era, it's easy to choose but difficult to determine whether its price will really increase in a short-period of time.

And what I noticed about the new meme coins that were successful is that the marketing strategy they did was good and they were able to immediately establish large communities on their social media platforms and their team management is also good at what they do as teamwork in promoting their meme coins.

[Stuart]

The crypto market is so filled with lots of coins that it becomes difficult to make the right choice while investing in a particular project, even when due research is made. For meme coins, they are not easy either. They are profiting if one makes the right choice at the very right time (probably before a bull run), otherwise, jumping in at it's very tip will lead to big losses. They are more risky, cause when there are no more/much interest in it, it dies off both I value and existence.

[bitterguy28]

The thing that I give the highest priority to is community support and team activity. It is better to choose coins for investment that have large community support and coins that have high trading transactions.

community is where memecoins are built off of without an established community they will not be able to flourish properly without a strong community there would not even be a project in the first place so it is important that the team keeps the community engaged

The number of new coins in the market will increase before the upcoming bull run, but before investing, investors should definitely invest after properly reviewing the risk-related issues, otherwise they will increase the possibility of loss.

we are already in the bull run mate but you are right that we will see more memecoins in the market as crypto continues to get even more popular

[Mia Chloe]

Now, with thousands of choices available and with new ones sprouting like mushrooms in many platforms, how do you make sure that you are picking the memecoins that will make it to the top of the market?

Based on an overall or all round stat I think the success is usually calculated based on the distribution rate to the whole community or their farmers. Most times people tag meme coins as successful when they made a huge ton of profit from it and often times tag it unsuccessful when the lose from it or the distribution becomes highly uneven to their disadvantage.
Most of these coins have hidden communities too where decisions of how liquidity is manipulated and distributed is carried out which in turn affects distribution and overall performance.

[LogitechMouse]

The crypto market is so filled with lots of coins that it becomes difficult to make the right choice while investing in a particular project, even when due research is made. For meme coins, they are not easy either. They are profiting if one makes the right choice at the very right time (probably before a bull run), otherwise, jumping in at it's very tip will lead to big losses. They are more risky, cause when there are no more/much interest in it, it dies off both I value and existence.

Doing research when it comes to meme coins is what I consider as useless because you can make research on 10 different meme coins, but the 11th one might be the one that's gonna pump and the other 10? Will go dump. If you know, you know.

With meme coins popping here and there, it's hard to pick which one will be the one that will make you the most profit because most of them might end up losing you money. Just recently, Elon Musk changed his name to Kekius Maximus, and there was this meme coin created. While many made money from it, many lost as well as we've seen a huge decline in just a span of hours. This is how risky meme coins is.

For me, investing into meme coins is gambling. It's a hit-or-miss.

[Aanuoluwatofunmi]

Most of the decisions we make were taken base on our abilities on how we could afford taking the risk in them, there is no any information that is so reliable that we don't get disappointed for any reason, but if we search about them and think they are good enough for our risk, we can make an investment and go for them without any second thought, if we cant take the risk, we shouldn't go for it.