How to heavily invest in meme coins in the secondary market:
A seven-year veteran shares some tips, hoping to help beginners!!
1. Choose coins that are already listed on major exchanges to reduce the risk of going to zero.
2. Pay attention to projects that have had a correction period of more than 3-6 months, waiting for the bottom formation to appear.
3. Look for coins that have dropped by 50-75% or more; they have greater potential for growth after a thorough washout.
4. Prioritize the top three in the sector, especially projects within the BTC, ETH, and SOL ecosystems.
5. Prefer coins that haven't been heavily speculated on before, especially projects that haven't had a large amount of trapped positions in the last six months.
6. Choose projects with relatively low market capitalization, ideally not exceeding $50 million.
7. Ensure that the narrative and brand are attractive, preferably with previous endorsements from celebrities or major KOLs.
8. Closely monitor the overall market trends; invest heavily when the market is at a low point, and appropriately reduce holdings when the market rises excessively!
The cryptocurrency market is full of uncertainty and challenges, but it also contains potential opportunities. Investors participating in cryptocurrency investments should fully understand the associated risks, remain calm and rational, and employ a prudent strategy to cope with market changes!