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⚠️ Crypto Expert Reveals How To Find 'High-Risk High Reward' Meme Coins
🔺 Crypto trader highlights how traders should study market conditions before investing in meme coins.
🔺 He noted three waves to be identified before investing, in which wave the meme coin is in currently.
What Happened: The researcher highlights the potential of meme coins with stories of individuals turning $1,000 into a million dollars within a month. However, the reality is often different with many traders buying a meme coin thinking they are early but they land up at zero.
He cited the real example of someone who bought $600 worth of Pepe on the first day it was tradable, sold the same day for a $60 profit, but could have made $9 million if they had held on.
He recommends having a combination of two approaches for playing the game well:
🔺 Meme coins tend to perform best during specific periods, such as Q1 2024 and Q2 2023.
🔺 Studying parabolic moves and adoption waves, as meme coins often experience explosive growth followed by steep corrections.
He breaks down the adoption waves of meme coins into three distinct phases:
🔸 𝗪𝗮𝘃𝗲 𝗼𝗻𝗲: Riskiest but offers the highest potential rewards, early buyers positioned to make substantial gains. (Examples: Popcat, Grok, BOME)
🔸 𝗪𝗮𝘃𝗲 𝘁𝘄𝗼: More challenging, as traders must determine whether a meme coin will continue its upward trajectory or fade away. (Examples: Dogwifhat, Pepe, Bonk)
🔸 𝗪𝗮𝘃𝗲 𝘁𝗵𝗿𝗲𝗲: Least risky, as the meme coin is already established. Potential returns are lower compared to earlier waves. (Examples: Dogecoin, Shiba Inu)
He cautions investors/traders of influencers and "shillers" who may have their agendas, but not to ignore them entirely, as they can provide valuable information.
