Here’s how my little brother successfully made money from memecoins 🧵👇
Believe it or not, earning from memecoins is so simple that even my younger sibling managed to do it!
Of course, achieving this requires a SMART strategy and the RIGHT tools. Here’s a breakdown of his approach:
1/ Step One: Utilize the Right Tool –
He started with @dexscreener.
This platform is essential for discovering lesser-known opportunities. Its filters allow users to narrow down their search based on specific criteria. Take some time to familiarize yourself with it!
2/ Step Two: Setting Up the Filters.
You can explore various token networks for memecoins, but he prefers $SOL for its higher liquidity. To begin your search, click on the “Filters” button and set the options as follows 🧵👇
3/ Ultra Degen Filter Settings:
- Liquidity: Minimum $14,000
- FDV: Minimum $100,000
- Pair Age: 1 hour minimum / 72 hours maximum
- 1 Hour Transactions: At least 60
4/ Low Cap Filter Settings:
- Liquidity: Minimum $10,000
- FDV: Minimum $100,000
- Pair Age: 1 hour minimum / 48 hours maximum
- 1 Hour Transactions: At least 30
5/ Old Mid-Cap Filter Settings:
- Liquidity: Minimum $100,000
- FDV: Between $200,000 and $100M
- 24h Volume: Minimum $200,000
- 24h Transactions: At least 2,300
- Pair Age: Between 720 and 2800 hours
6/ Using Trading Bots/Snipers.
He only purchased memecoins through trading bots and platforms, steering clear of DEX, which can be slow and cumbersome.
7/ Token Analysis Tools.
Analyzing the token is crucial. There are many great resources, but he prefers Rugcheckxyz.
Simply visit their site, enter the token address, and get the detailed information you need.
8/ With these strategies, he transformed $50 into an impressive $10K!
Here’s my key advice:
➜ Prioritize quality over quantity.
➜ Fine-tune your risk management strategies.
That’s it for today, folks!
Thanks for taking the time to read this.
For more valuable insights into the crypto world,
don’t forget to follow me @Crypto PM to stay updated on the latest trends and analyses!
#Whale.Alert #WhaleAlert #memecoin🚀🚀🚀 #UptoberBTC70K? #APESurge
