๐๐ค๐ฌ ๐๐๐ง๐ก๐ฎ ๐๐๐ค๐ช๐ก๐ ๐๐ค๐ช ๐๐ฃ๐ซ๐๐จ๐ฉ ๐๐ฃ๐ฉ๐ค ๐๐๐๐๐พ๐๐๐๐ ??
If you want to start trading meme coins or investing into meme coins , read this ๐
A friend of Mine recently bought a memecoin with $78 and within a week , it flipped to $4500(+)
If you have been active on the crypto space on X(Formerly know as Twitter) , you will notice that the past few days we had more of Solana($SOL ) MEME coins doing 20x -100x, meaning there is a possibility of you growing your $100 account into $10,000 , which is only 100x
Now, these are the things you should consider before investing into meme coins
We know that meme coins are based on hype,trends and a solid community, this is something you should consider.
Imaging buying a meme coin built on the previous World Cup tournament, what would be the fate of such meme coin after the tournament and hype is over ?
Before we invest into any meme coin , we first check their market Cap
If we see a $2,000,000 - $5,000,000, we know we are still early
After checking their market Cap , we check their 24 hour trading volume , if we see a $200,000 - $500,000 trading volume , we know transactions are going on
After checking this , we need to check the top holders of the coin, if we notice a certain number of wallets are holding 20% - 40% of the coin , we know it is a red flag,this wallets address can be controlled by an individual or group of individuals, and they can decide to dump on you
We also need to make sure 100% of liquidity pool are locked
Next, we need to make sure there is an active website with good design and latest features, and an active and interactive community, emphasis on the โ active and interactive โ
With this checked , we can decide to invest $50 - $200, an amount we/you can willing lose
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