bitPrince

Memecoins have the potential to deliver life-changing gains in a short span of time, but only if you approach them with the right strategy. Here’s how I sniped $LUIGI at a $500K market cap (MC) and exited at $40M MC with a simple strategy that can help you make hundreds of Xs this bull run.

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1. Breaking Down the 100x Formula
To make 100x (or more) in memecoins, the following three factors are critical:
Finding the Right Token: Discovering a new, early narrative-driven token.
Assessing Upside Potential: Understanding when to enter and exit.
Mindset for Holding and Profit-Taking: Striking the right balance between patience and execution.
2. Finding the Right Token
Discovering the next big memecoin involves tracking trends and being early. Here’s how:
Use tools like Dexscreener to search for tokens in the Gainers & Losers tab.
Stay tuned to trending narratives on platforms like X (formerly Twitter) and TikTok.
Look for tokens inspired by hype events, like $BONK, which gained momentum through meme culture. 
3. Assessing Upside Potential
Not every memecoin can go to a $100M MC. To gauge the potential:
Be realistic about where the hype can carry the token.
For $BONK , I estimated a peak around $800M MC, exiting before diminishing returns.
Sometimes, exiting early is better than holding too long and losing gains.
4. Mindset for Holding and Taking Profits
The memecoin market operates differently from altcoins or traditional investments:
Most plays are short-term, with potential 20-30x gains in a few days.
Some plays offer 100x gains but require holding for 3-5 weeks.
Recognize the right moment to take profits and avoid being greedy.
5. How to Buy Memecoins Quickly
Speed is everything in memecoins. Use these steps to secure your entry:
Use a reliable sniper bot to buy and sell tokens instantly.
Deposit your funds, enter the token’s contract address, and execute your trade.
6. Optimal Bot Settings
Buy and Sell Buttons: Configure them for quick execution.
Slippage: Set it to 20% to ensure your transactions go through.
MEV Protection: Prevent front-running by enabling this setting.
Priority Fee: Use a fee of 0.002 SOL to ensure faster transaction confirmations.
7. Final Takeaways for Success

Success in memecoins depends on identifying trending events or narratives early.
After a few trades, you’ll develop an instinct for recognizing high-potential plays.
Always remember: only invest what you are willing to lose.

By following this strategy, you can capitalize on the wild, fast-paced world of memecoins and potentially make life-changing gains this bull run.