PEPE coin is attracting significant attention recently. However, if you skipped it, there's no need to regret it. In this field, such things happen frequently and are nothing new. Have you missed out on some similar opportunities over the past few years? It's important to continue implementing your investment plan (e.g. investing regularly in BTC, ETH) and not let FOMO affect your investment discipline.

However, there is not no way to find potential memecoins. Although no one can know which coins will increase in price 100 or 1000 times, we can use some basic methods to find new projects with potential. However, no one tells you how to search and avoid risks when searching. So today I will focus on this topic and share some brief experiences to find new memecoins with the most potential. Let's see how to search.

Tips for finding the most potential NEW coin memes

Hunting for potential new Memecoins - PRINCIPLES you need to know

Memecoin season is here again, causing more and more money to flow to decentralized exchanges to look for opportunities to "change positions". Besides, meme projects are also created continuously.

"Crypto Detective" - ​​ZachXBT has discovered that the above wallet address has created more than 100 memecoins in the past 2 months to scam users. Therefore, in the midst of a forest of meme coins - finding a "good" project is not a simple thing.

But if you are trying to find a new, promising meme coin to invest in, here are some Guidelines/Steps you must follow:

  • Understanding meme coins: Learn the basics of memecoin and how it differs from other cryptocurrency projects. A look at the factors driving meme coin price increases. Then, research further to find the right project.

  • Track performance: Track which meme coins are performing positively. Buy when there is initial interest before ramping up. Use DEXTools to track top projects in terms of price.

  • Learn the community: A strong community is important for meme coins. Learn about memes that are funny, interesting and easy to understand. Check social metrics on LunarCrush or see what projects are being talked about on Twitter, Telegram, Discord, Twitter Trends, Google, DexTools or CoinGecko.

  • Research the fundamentals: Consider the meme coin development team, their capabilities and experience, partners and the ecosystem to which the project belongs. Evaluate tokenomics and system friendliness. Although not important, it can help reduce risks.

  • Decide on a "Leader" or "Rotation Game": Invest in a "Leader" project in a certain market or consider following the development of smaller projects in a niche market. This is a decision that needs careful calculation and consideration.

  • Follow Smart Coins: See people who are successful in trading meme coins and consider following them. Check their wallet on the blockchain for their transactions.

Some tools support FILTER/FIND NEW Meme coin

Filter potential new projects through DEXTools

First, we can use two on-chain tools: DEXTools or Dex Screener. I think these two tools are currently the best platform to discover new MEME coins. Here we take DEXTools as an example.

– Access: https://www.dextools.io/

– In the list of projects. You filter the column: “Create” – It will show you which coin was created most recently.

But what needs to be mentioned here is that maybe 90% of the projects in there are scams. So what should you pay attention to when choosing a new project? First are projects that have liquidity. Then keep looking up:

  • Holders:  If a project has less than 100 holders, it is better not to touch this new project, as it is likely to be a scam. A project with a high number of holders is a positive signal for the project itself, because the possibility of market manipulation will be relatively low. To find this data, you can click on each project name, it will display details for you:

  • DEXT Score: The DEXT Score is an aggregate calculation based on information from the blockchain and other external sources to measure people's trust in the project. This score ranges from 1 to 99. High (>80), Medium (50-80), Low (10-50), least (<10). If a project has a low DEXT score, it also means higher risk. So, choose a project with as high a DEXT as possible.

Check out the community with Tweetscout

After finding a satisfactory project that meets the above criteria. You can go to the step of checking out their community. If a project doesn't even have a website and community, it's probably a scam.

You can search for projects that meet certain criteria, such as:

  • More than 1000 followers on Twitter

  • The official website is beautifully designed and user-friendly

  • Active Telegram/Discord community (no bots)

You can see these addresses directly through DEXTools. Of course, you can also use tools like CoinMarketCap or CoinGecko to search for a project and view its about page.

Revealing a tip to find and check potential memecoins EARLY, limiting risks is that I often use Tweetscout.io. This tool will give you an overview of a cryptocurrency project's twitter account (this is very important because Twitter is almost the most popular social media channel for cryptocurrencies today). The steps are as follows:

– Visit Tweetscout.io

– Copy the twitter link into the search box in Tweetscout's website interface

– Read the displayed data:

Find "trending" projects through Blockchaincenter

Although when you discover potential new meme coins at a time when they are being hotly discussed in the market, it is still "a bit late". But sometimes, it's not quite like that. Because a coin can attract attention and will increase in price continuously for many days to come. You may not be able to buy it early, but getting in right when it's "JUST HOT" is also a blessing.

Most cryptocurrency websites such as LunarCrush, Coinmarketcap, Coingeko have a trending section for you to look up. But sometimes – Each platform provides you with different “trending” data. And luckily there is a tool to help us summarize, you just need to access:

  • https://www.blockchaincenter.net/en/trending-coins/

It will provide you with the hottest trending coins currently, according to different timelines. Accompanied by the HOT level on information channels/social networks.

Maybe you don't know, there is a challenge called "Trending Coin Challenge on Blockchaincenter.net". A famous investor applied this challenge by buying an equal amount of trending coins every day. Over a period of time, his performance was worse than if he used that money to buy BTC every day.

Check the token address with the Tokensniffer tool

After you have found a potential coin, before you trade, you should check the address of that token. There are many tools to support this, but I usually choose:

  • Token Sniffer: tokensniffer.com

Usage is very simple, you just need to paste the token address into the search box, and this tool will show you a results table as follows:

The higher the score, the more secure this token address is. But there are some notes you need to know:

  • Honeypot: refers to scam tokens that cannot be sold

  • Buy/Sell taxes: should be noted before entering a transaction to avoid unwanted losses

  • The contract owner gives up ownership rights or does not give ownership rights to another party – avoiding changing information in the contract.

  • Owners and other participants holding less than 5% of total supply – anti-dumping/manipulation/fraud

  • Most liquidity is locked/burned and holders hold less than 5% of total liquidity -⇒ low possibility of rug pull

However, this information cannot completely eliminate the risks of participating. Risks still exist, and there is no guarantee that these projects will increase in price anytime soon. But investing in meme coins is like betting on the lottery, so it's better to choose a "ticket" that limits the risk as much as possible.

Follow “Whales”, “Smart Money” to find Meme coin “EARLY”

There is another way to find early investment opportunities that many people apply, which is a bit simpler, which is to follow the "sharks" (people who hold large amounts of tokens) or follow "smart wallets" ( wallets that have bought early and been successful with previous projects).

A way to identify buyers

Step 1. Find “shark” wallets

Early successful memecoins like PEPE are Etherscan access. You just need to copy the token's smart contract address and check. This will allow you to see the wallet addresses of the first people to successfully invest in the meme coin. Those early buyers may continue to be interested in meme coins in the future, potentially giving you a good opportunity to consider undervalued coins. Some tools such as Dune, DexTools, Dexscreener also allow you to filter this information.

Step 2. Find a “smart money” wallet

Once you have identified the top buyers, or early buyers, of a certain coin. You can search for more "smart money". These are typically investors who have a significant amount of crypto assets and have been successful in investing in the past. You can also use this tool to see which memecoins they are investing in, then follow and buy according to them.

If you don't know where to find information about "smart money", I suggest following the Twitter channel @lookonchain. They always provide whales wallet operations, very fast and accurate “smart money” wallets. Whenever you have information, you can save these wallet addresses for reference.

Step 3. Track wallet on DeBank

To see what these “whales” and “smart wallets” are buying, you can follow their wallets on DeBank. This tool allows you to view transactions and investments of certain wallets, see what they are buying/selling, what projects they are holding...

  • Visit: https://debank.com/

  • Paste the wallet address into the search box. You will then see a statistics table of the assets this wallet holds, along with their transactions.

The most effective meme coin investment method

Suppose, you have found and purchased a memecoin. Now comes the big time – requiring you to have a plan to ensure you are managing your investments effectively. Here are four key steps you can take to help guide your buying and profit-taking decisions:

  • Treat meme coins like a casino: Invest in meme coins with the same mindset as playing a casino. Only invest what you can afford to lose and always be prepared to lose all your investment. Limit over-allocation of capital and stick to a budget you feel comfortable with.

  • Use separate wallets for meme coin transactions: Separate investment capital and meme coin capital by using different wallets. This helps you avoid making trading decisions based on emotions and maintain clarity in your overall investment strategy. Make sure you are willing to lose 100% of the money in this private wallet.

  • Use technical analysis (TA) to make decisions: While applying TA on meme coins can be difficult due to limited liquidity and historical data, it can still be a useful tool to develop an action plan. Wait for significant price corrections and trade at resistance/support levels to avoid buying high and selling low. You may also consider using recurring purchases (DCA) with predetermined prices to minimize fluctuations. Avoid DCA regardless of the market situation.

  • When you make a profit, gradually withdraw your capital: If you have made a profit with meme coin - congratulations. What you need to do is gradually withdraw your investment when the profit is 1/2 or 2 times higher. And continue to invest with the profit. As that profit continues to grow, withdraw a certain percentage more. But note that this strategy is only suitable until the peak of the meme coin is formed, and then the market may experience severe declines. To minimize risk at this time, keep an eye on some indicators that could signal a market peak.

Conclude

Although investing in meme coins can have a high level of risk, identifying potential projects early can provide an advantage, minimizing risks and maximizing rewards. Buying early will help reduce input costs and as the coin becomes popular, its value will increase, thereby generating significant profits.

One of the important advantages of investing in meme coins is the speed of return. While traditional cryptocurrency investments typically take months to years to become profitable, meme coins can achieve this in just a few days or even hours. This quick liquidity provides a reliable source of passive income for investors.

However, it is important that you have a reasonable investment strategy, do not put too much hope on meme coin and view it as a form of betting. This includes knowing when to exit and take profits. Understanding personal risk tolerance, setting realistic goals and adopting a comprehensive strategy will help protect your investment and at the same time enjoy the benefits that meme coins can bring.

Hopefully with the above shares, you will have more experience in finding potential meme coins as soon as possible, before they become popular and are listed on exchanges.

Synthetic Aliniex

#memecoin#memes#memes