Let me first briefly introduce that meme is a kind of stalk, a kind of air coin, and a kind of communication culture. It is called a local dog in the circle, and people who play memes on professional chains are called dog beaters. A meme that can run a large market value (personally I think the market value is at least 10M US dollars) and can stabilize is called a golden dog, so the consensus of all dog beaters is to catch the golden dog and obtain excess returns.
So how can a newbie quickly get started? Share my personal experience of beating local dogs
1.How to avoid pitfalls?
Make sure the local dog contract you are buying is clean. There are many pitfalls here, including Pixiu (you can only buy but not sell), being frozen after buying, not giving up the contract, high buying and selling taxes, not locking the pool (dev withdraws the pool and everything is wiped out), and serious insider trading.
The way to check for insider trading is to use gmgn to see how many sniping addresses there are at the opening. If there are more than a hundred sniping addresses at the opening moment, and each sniper rifle has a few hundred dollars, and it is pulled to a very high level, then there is a high probability of insider trading.
2.How to judge the Golden Dog?
It is usually easier to get gold dogs in large pools, because large pools mean larger fund capacity, and hot money from large funds also prefers to rush into such pools. Even if the market is weak, at least the pvp will not end in 1 hour, which will give you more space to stop profit or stop loss.
The Golden Dog narrative must be large, contagious, and preferably have a huge space for imagination. For example, Trump called for a fight after being assassinated. Therefore, the Golden Dog must analyze whether the narrative is large enough and whether its spread is long-lasting enough.
3. How to find projects
By filtering the pool amount, market value and number of transactions, you can filter out a lot of junk projects. If you want to rush in early, you can refer to my Solana chain dog screening configuration, as shown in the figure
Of course, screening is not 100% safe, and you need to look at the details and make your own judgment. After you are familiar with it, you can adjust the filtering conditions, form your own method, and then cross-compare it with the projects mentioned in the market, and the winning rate will be greatly improved.
The quantity-price relationship that is more useful for playing with local dogs:
First look at the relationship between market capitalization and trading volume.
Dog A: market value of 10 million, volume of 10 million Dog B: market value of 10 million, volume of 1 million If it is in an upward trend, the former will obviously have greater potential.
Second, look at the ratio of the pool to the market value. The bigger the pool, the better, and the faster the growth, the better.
Third, look at the ratio of the number of holders to FDV, which is limited to the ETH network.
Check Heyue's address to see if it is safe
The three most important factors for security are mint auth revoked, renounced, and burnt, which means in Chinese: stop the mint method (cannot issue more), give up contract permissions, and burn the pool. For beginners, I recommend you to check out these three ✅ projects. Don’t buy them if you haven’t lost permissions, otherwise it will be easy to withdraw from the pool.
4. Observe the project and the community
This is not much different from ETH. You should check the website, Twitter, and Telegram group to see if the concept is meme-able enough, how many dev content updates there are, whether there is any paid trending, whether the community atmosphere is good, and whether the promotion is active.
This requires accumulating experience. The more you see, the faster and more accurate your subsequent judgments will be. You can tell whether it will work with just a glance.
Grasp the opportunity to buy at the bottom and sell at the top
5.How to buy?
It is important to buy at a low price. The price of local dogs changes very quickly, with hundreds of transactions in a second. There is always a chance to buy at a suitable price. Don't get hung up easily. You can buy small local dogs at 10k-20k. At this time, the odds are the highest, with limited downward movement and unlimited upward movement.
Many people also use the strategy of bottom-fishing and garbage-picking. For coins with good foundations and some narratives, you can buy them when they fall to key points and wait for them to start. Small leaders can also be invested after a big drop (such as the concepts related to the founder of Sol and the platforms that have been liked)
6.How to sell?
When the price of Xiaotugou rises to 50k/100k/150k, they are all stage highs. Many paper traders will not be able to hold on and start to run. At this time, you can take profits in batches and sell while the price rises. When it rises 2-3 times, you can withdraw the principal and keep the profit to play with.
Another trick is that for special projects, when taking profit, sell 90% and keep 10% for blind boxes to avoid selling the big golden dog.
