It’s just that right move for your life to be changed forever!
Imagine just making 1000x the money in just one meme coin deal. Sounds tempting, doesn’t it? But you need to know how to trade meme coins right? So, I prepared a simple guide on how to do this.
It’s just that right move for your life to be changed forever! Imagine just making 1000x the money in just one meme coin deal. Sounds tempting, doesn’t it? But you need to know how to trade meme coins right? So, I prepared a simple guide on how to do this.
Rug Pull Prevention:
Audit Tools: Use Token Sniffer and Bubblemaps for quick audits and to check wallet distributions. Deploy different contract checkers for thorough verification.
Understanding the Basics
Investing in Meme Coins: When you buy any token, your primary goal is profit-making. This profit comes from selling the token at a higher price than you bought it. Meme coin trading is heavily based on the psychology of traders. Castle-in-the-Air Theory: This theory explains that expectations are built by investors based only on the potential of price growth rather than on the asset’s intrinsic value. We want to outsmart the crowd by accumulating positions earlier than the others.Discovering and Buying Meme Coins
PumpFun Strategy:- Launch and Popularity: By using services such as PumpFun, one can launch their coin in minutes. Anyway, doing that mainly depends on how popular your niche was and the strength of the community. The meme needs to be funny, engaging, and understandable.
- Safety Check: Check the history of the devs for rugs, is active on social media, no single holder with over 6% of the total supply of that token.
- Tools and Trends: Use tools such as DEXTools and Dexscreener to look for new projects and gainers. Identify trends that are currently popular.
- Safety Check: In conjunction with PumpFun, cross-verify the project’s legitimacy through its social media metrics on sites like LunarCrush or TweetScout .
Evaluating Meme Coins
In-depth Project Analysis:- Team and Tokenomics: Research the team behind the project, projects they have done in the past, and whether they are publicly known. Check the tokenomics for any possible dilution or burning mechanisms.
- Community and Market Metrics: Check community activity levels, market cap, trading volume, and regulation compliance.
Rug Pull Prevention:
Audit Tools: Use Token Sniffer and Bubblemaps for quick audits and to check wallet distributions. Deploy different contract checkers for thorough verification.
Trading Strategies
Trading Styles:- Follow the Leader’s move: Emulate and focus on the trade of meme coins with high market caps yet lower risk.
- Rotations Game: Buy low-cap coins emerging under a niche leader. Liquidity in the meme market tends to flow toward the leader and then rotate within the sector.