It is time to change the strategy for playing MeMe.
The future of MeMe is increasingly recognized, but in recent days, everyone is losing more and more when playing MeMe. What is the reason for this?
This is because we are going through a special time. After Pnut and Act went live on Binance, most on-chain MeMe saw a surge of more than five times, attracting a large number of novices.
At the same time, a large number of scythes are attracted in.
According to data from http://pump.fun, the daily pumps in September were around 5,000 to 8,000 for MeMe, increasing to 10,000 to 20,000 in the first half of October. By November, it reached 30,000 to 40,000, and in recent days, it has exaggeratedly soared to 70,000 to 80,000.
A large number of daily mass-produced tokens have attracted many outsiders who heard that this is a way for foolish people with lots of money to make profits, including KOLs or brands.
We know that gold dogs occur infrequently; if lucky, one might appear in a week, and sometimes one in a month. However, among the numerous emerging MeMe, many are just fillers, and the number of gold dogs doesn't increase proportionally.
Furthermore, with MeMe being hot right now, the speed of information dissemination within the group is very fast, resulting in ordinary people knowing about it mostly when they are buying in.
Therefore, I suggest ordinary players take a break.
In fact, the article I quoted has clearly stated that MeMe has four levels, and a large number of people are attracted to the first and second levels, which are from the internal market and the initial phase of FOMO.
Human nature makes it such that these two segments sound particularly high in multiples. But the result is indeed a loss.
So it is time to change the strategy.
We can focus our efforts on selecting MeMe from the third phase. Because among the large number of emerging MeMe, there are some of decent quality. After FOMO, short-term players essentially withdraw.
At this time, many decent ones will be wrongly killed, and coupled with the recent adjustments in MeMe, the market cap will be very low.
It may rise again in the future.
Recently combined with Murad's logic, the following several can be used for judgment.
1 Selection of price and market cap
For long-term holders of MeMe, they need to go through trials to ensure the strength of the community. After the first wave of rising, there are a large number of profit-taking positions. Therefore, a significant drop is needed to wash out the unsteady individuals during the decline and bottoming process. At this time, we can select the steadfast ones.
Market cap between 5M and 200M
Old coins have experienced a major retracement of over 70%.
New coins should experience a major drop of 80% and stabilize for over a week, preferably forming a rounded bottom.
2 Unique value propositions
Unique representation, unique cultural attributes, unique value propositions, unique attributes
Rebellious sentiment
Murad suggests avoiding derivative coins because they usually lack originality. He also does not like political coins and celebrity coins because they are often short-term hype.
Murad prefers meme coins that exist in the real world rather than completely fictional memes. He believes real memes resonate more easily with a broader audience.
3 On-chain data
Number of holders
4 Community value
By looking at the content and comments posted on Twitter, one can see the quality of the community.
Video content will take a lot of time and effort; it can be a bonus.
Tiktok represents the dissemination of the new generation of buyers.
