Many of you are wondering: "What do I do next after buying a memecoin?" When to sell it and what actions to take next.
Let's discuss the main trading strategies for memecoins 🪙
🔶Holding at the peak of popularity. The simplest approach is to purchase a memecoin at the start and hold it until the moment of maximum growth when mass hype begins. It is important to be able to sell on time. Such tokens can be found on Photon and analyzed using a bot.
🔶Strategy for experienced traders! Buy a memecoin when its price starts to rise rapidly (pump), and sell it before a sharp decline begins (dump). To successfully apply this strategy, you need to closely monitor news and market activity. Memecoins often react to news and events related to the crypto community. Keep up with current news and trends.
🔶Community support for memecoins. Active participation in memecoin communities can give you access to early information about project developments and planned events that may affect the coin's value.
🔶Staking and farming. Some platforms on Solana offer staking or farming opportunities for memecoins, which allows you to earn interest on storage. This can be profitable in the long run, especially if you believe in the growth of the project.
🔶Copytrading. Follow the actions of major players and copy their strategies. There are platforms and bots that help track the transactions of large investors and replicate their success. Successful transactions can be found on Gmgn.ai in the Discover section or on Dexscreener in the Top Holders tab. 🔥
In any case, the best strategy is to have information at the start to take advantage of the most favorable opportunity to enter. Remember, tokens can fluctuate in price, which can lead to a chain reaction of sales. It is important to stay calm and not panic.
Don't forget about the risks: memecoins can be extremely volatile, so don't invest more than you're prepared to lose!
Hello crypto enthusiasts, traders, and investors! 👋🏻
Meme coins are back in the spotlight! In recent weeks, we've observed rapid growth and active development of meme coins, especially on the Solana network. 🌟
📈 What's happening? From August 19 to 25, 2024, numerous meme coins on Solana showed impressive growth! These tokens are gaining popularity and attracting the attention of traders and investors.
Here are a few examples 👇🏻
🔸$BONK is an example of a meme coin that leverages meme culture and an active community to attract attention and generate interest, while operating on a technically advanced and accessible platform like Solana. Its market capitalization increased from $102,562 to $129,546 USD over the last week.
🐸$PEPE surged by 25% and may continue to rise. The price of PEPE increased by 25% over the past seven days. The trading volume of the meme coin has also significantly increased: it is almost $1 billion, which is 106% more than in the last 24 hours.
🐱$POPCAT the price of POPCAT jumped by 67.38% following the announcement of its listing on the Binance futures market. On the same day, the analytics platform Lookonchain reported that a whale had purchased the meme coin for an impressive $5.73 million. Before the rally, POPCAT moved within a symmetrical triangle. A successful breakout upwards helped the price reach a monthly high.
Binance lists Toncoin (TON) Binance, the world’s largest digital asset exchange, has listed Toncoin! Users can now trade TON in pairs with BTC, USDT, FDUSD, and TRY. This listing makes TON more accessible to millions globally, marking another significant step towards putting crypto in every pocket. Learn more. #TONonBinance
We take a look at the growth record holder, update the breakdown on #JASMY In my extreme reviews I expected the correction of the asset to the zone of completion of the 4th wave ($0.01562-0.01130) As a result, the fall in sub-wave A was not so deep and ended a little earlier. After the strongest upward 📈 movement in sub-wave B began, during which #JASMY rose by more than 66% - a record for the last couple of weeks...
Globally, I still expect to see the continuation of correction in the 4th wave. We may well expect a quick growth within the 5th sub-wave up to $0.03240-0.03470.
My previously dealt DeFi asset- #RAY is showing excellent performance! Let's take a look at the chart…📊 8th of July, at that time the price did not exceed $1.6280 per 1 coin. In just 8 days, Raydium has shown a growth of more than 27%. The current price of the coin is $2.0704.
Personally, I continue to hold assets and expect more profits 💸. In general, you can already partially fix positions, but all major targets are still ahead of you!
For more than 2 years, the global movement of the asset has been taking place in the 4th corrective wave of the upward 5-wave impulse. "I think everyone remembers that the 4th waves are usually not deep and end at 0.382-0.5 Fibonacci." In our particular case, it was even smaller, which indicates the strength of the asset, even in a bear 🐻 market. If we consider the situation more locally, it becomes clear that the asset lacks the tops of the ascending sub-wave D and descending E to start a new growth wave. After the ABCDE correction and the 4th wave is over, we can safely talk about the beginning of the upward movement in the 5th wave. The main goal is to overcome the global high zone ($2.4268-2.9076) - it is our 1st crossing point on the way to the price of $6-7 per 1 coin. Growth potential of more than 1000% 🚀
GasPump emerges as a leading memecoin launchpad on TON GasPump, a meme launchpad on TON, lets anyone create a tradable token in 2 minutes for under 1 Toncoin. Just 6 weeks post-launch, it has hit $1M in daily trading volume. Over 200K users have created 20K+ tokens via the Telegram Mini App, with a total trading volume exceeding $16M. Memecoins have recently gained popularity in the TON Ecosystem. Launched in April 2024, Memelandia supports this trend, as TON Foundation recognizes the importance of community tokens and memecoins.
A look at the chart of my favourite cryptocurrency - here is an overview of Ethereum #ETH ⚪️
‘What do we have so far?‘ - The current situation is not cause for concern. Everything is going according to the previously outlined plan. Globally, I am still bearish 🐻, as we are clearly lacking a deeper correction to start the final growth wave, which I expect to see within sub-wave `C. Let me remind you that it is best to open long positions from 0.382-0.5 ($2795-2484) Fibonacci values - this is the area where the ABC correction and the 4th global wave will be completed.
#BTC 🪙 It's no secret that in recent weeks Bitcoin has been feeling “to put it mildly” - not so good... there's trouble in the market, blood everywhere.] The reason for the disaster is simple. For 9 months the asset has been showing stunning growth 📈, its movement was within the framework of the global 3rd wave, but strength is not infinite - everyone needs rest! That is why we are now seeing a decadent mood. Remember - 'the market is fractal, no asset can rise indefinitely' #BTC_Bounce_Back_to_57k #bitcoin☀️
I managed to find an extremely interesting Defi asset. Here is a review on Raydium 🔍#RAY Raydium - is an automated market maker (AMM) and liquidity provider built on the Solana blockchain for the decentralised Serum exchange (DEX).
[Let's move on to the chart breakdown.] While most centralised assets are in a bloody correction, falling 20-30%, #RAY is showing strength and moving against the whole market. I would like to draw your attention to its growth 📈 in the 1st wave. In just a few months, the asset went from $0.1590 to $3.200 - that's over 1900% upside (19x). [Let's get back to the current situation.] At the moment the price movement is in the 2nd wave of the global 5-wave impulse. Most likely we will see its end at 0.5-0.618 ($0.5020-0.7200) Fibonacci values. After that I expect the beginning of growth in the 3rd wave, which will be able to raise the asset to $19-20 🐋. #Raydium #RaydiumDEX #Solana_Blockchain
Nomis launches TON reputation score Nomis, a reputation protocol, introduces an onchain reputation system to TON, assigning users a score (0-100) based on wallet activity. This system detects bot farms and Sybils, preventing abuse and rewarding genuine users. The score will also be utilized on the TON Society platform. Nomis becomes the first scoring solution on TON, and to celebrate, they're offering a free score to the first 1M users (users only need to pay the gas fee). Additionally, various TON Ecosystem projects, including Storm Trade, DeDust, Tonkeeper, Aqua Protocol, Nimbus, and many others, will offer benefits like access, drop eligibility, and more. #TonSociety #tonfuture #Ton