The biggest mistake people make with memecoins
Many investors get caught up in looking backward instead of forward when it comes to memecoins. Take $WIF, for example. It hit an incredible 1000x+ and reached a $40M market cap (MC). Many thought they had missed the boat, but $WIF went on to do another 100x+! So, if youโre feeling like itโs too late, here are a few critical questions to ask yourself:
1. ๐ How many early investors still hold big bags at those Xs?
- The truth is, very few. Around 99.9% of early investors likely sold at x2-x5. This means thereโs still room for growth, as most profits have already been taken.
2. ๐ฐ Look at the liquidity:
- Check whether whales could have entered earlier and if they can now. Memecoins often have very little liquidity. If you have significant capital, you might need to wait until the market cap reaches several tens of millions to avoid pumping the price too much with your purchase.
3. ๐ Whatโs the potential of this token?
- If the target is $300M, does it really matter if you buy at $100M MC or $40M? A pump to $100M is often just a confirmation of your idea, not the end of the road.
๐ Remember to zoom out and assess the potential, not just the past gains. Focusing too much on whatโs already been achieved could make you miss out on more 100x opportunities. ๐
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