Remember the 10 rules for chasing meme coins: The top is the biggest taboo, so understand and follow the rules of chasing meme coins, and always stay alert.
🐶1. Narrative first, community second, luck third
A successful meme coin often has an appealing story behind it. Community support is equally important, while luck is just a bonus.
🐶2. Even the best meme coins will usually have a drawdown of over 50%. No matter how dazzling a coin looks, it may face significant price corrections, so be sure to manage your risks.
🐶3. Most memes likely live their entire life cycle in half an hour.
The life span of a meme coin is often very short, so always stay vigilant.
🐶4. Don’t chase after 100x or 200x too much; many trends last no more than a week. Take profits in time; greed can lead to losses, and the wise approach is to sell at the right moment.
🐶5. In rare extreme cases, such as a new listing on Binance or Musk promoting a coin, you should boldly chase those coins. However, these situations are very rare, so exercise caution in your judgment.
🐶6. Don’t put the cart before the horse; allocate 80% of your position and energy to main assets and use small amounts to gamble on meme coins. Core assets are always the foundation of your investment portfolio.
🐶7. Don’t impulsively chase after low-cap coins; the probability of finding a great meme coin this way is less than 1%. The risks are extremely high, so do not try it lightly.
🐶8. Tools for chasing coins are essential. Master quick sniper bots, popular token dashboards, and chip distribution tools to gain an edge in the market.
🐶9. Information is crucial; form a war room with like-minded friends, share information, and make decisions together.
🐶10. Always remain calm and don’t FOMO. Fear and greed are the enemies of investing; only by staying calm can you make wise choices.
Currently, the Musk-themed Puppies coin on the Ethereum chain meets all of the above criteria, attracting significant attention with over 16,000 holders and a market cap of only 14 million. If you see its potential, invest cautiously and steadily!