Hello everyone, I am Jiang Nan, a person who works hard to live and explore Web3 every day.
---
Time flies. In a blink of an eye, all statutory holidays in 2024 have ended, and the day of year-end summary is quietly approaching. Standing at this time node, do you look back and take stock of your gains and insights in the crypto world this year? For me, the most fortunate thing is that I decisively ambushed Bitcoin at 20,000 points, then successfully shipped it at 70,000 points, and then bought it back at around 53,000 points. After several operations, the result of the crypto assets has exceeded 5 times so far, which is a not bad end to this year's operations.
As a practitioner who has been deeply engaged in the exploration of Web3, I have always been committed to Bitcoin and other leading projects. They are the cornerstones of my investment portfolio and have brought me a steady return. However, seeing the enthusiasm of my friends around me for MEME, I have to start to face up to this rapidly emerging market hotspot. To be honest, at the beginning I always felt that MEME was just a short-lived trend, like an illusory bubble, which came and went quickly. But when the trend really comes, we often find that our cognition is forced to update.
This year, the rise and fall of the MEME sector was as exciting as a roller coaster, and the market was crazy beyond imagination. Whether you are a new entrant or a veteran investor, who can resist the MEME sector's hundreds or thousands of times increase?
Next, I would like to discuss with you how to find your own opportunities in this high-risk, high-return field. The world of MEME is full of unknowns, but it is this unknown that gives us unlimited possibilities.
---
👍Count down those popular MEME sections
Recently, the golden dogs of MEME sector have appeared frequently. The popular Hippo Coin has doubled 1,700 times, and the Mars City has doubled 700 times. Each of them is eye-catching. Today's article will deeply analyze how to effectively play with the MEME concept and help you seize your own wave among the hundred-fold opportunities.
Meme that was once popular
In the meme craze of 2021, Elon Musk can be regarded as a promoter. He has repeatedly "called orders" for memes such as DOGE, SHIB, and FLOKI on X. Each time he speaks out, the price of the currency can rise to varying degrees, creating the myth of DOGE 400 times, SHIB 100,000 times, and Floki tens of thousands of times.
The latest popular meme: TERMINUS
TERMINUS is Musk's "first Martian city naming" theme MEME concept.
On September 24, the community aggregated information captured the sector at 0.182 points. Although it had already risen significantly at that time, by analyzing its market value, holder distribution and FOMO sentiment, we judged that TERMINUS still had room to rise. It rose from 0.182 to 0.48 US dollars, an increase of 163.73%. Finally, we stopped profit in batches to lock in profits.
Other Popular Memes
---
👋How to choose the MEME section?
In this market, hundreds of MEMEs appear every day, but only a few of them can truly break out of the circle and skyrocket a hundredfold.
So, how do you pick out the potential series? Here are a few key criteria:
1. Project Narrative
For MEME, the power of narrative is crucial. A high-quality narrative is the main driving force behind the popularity of the MEME sector. The narrative can revolve around online hot spots, celebrity influence, or the background of the project founder. The more you can capture the hot spots, the more impactful the narrative will be, and the stronger its explosive power will be.
2. Safety judgment
Due to the high uncertainty of MEME, you must conduct an in-depth analysis of security when choosing. This includes the security of the contract, the concentration of the holder distribution, whether there is a lock in the liquidity pool, etc. Preventing trading traps is the first step to your success.
3. Market value analysis
For MEME, how many times the price has doubled is not the only criterion for judging whether to enter the market. Due to the small amount of funds in the early stage, sectors with lower market capitalization are often more likely to be pushed up. What you need to pay attention to is that even if it has doubled many times, the market capitalization is still at a small scale (such as between hundreds of thousands and millions), which means that it still has room for subsequent growth.
Market value judgment criteria:
Small MEME sector market value: hundreds of thousands to millions of dollars
Market capitalization of medium-sized MEME sector: millions to tens of millions of dollars
Market value of large MEME sector: hundreds of millions of dollars or more
---
💪MEME series trading tools
For MEME, we only need to understand three aspects to be able to play meme well, which are:
a. Trading platform selection
b. How to judge the security of the contract
c. How to cancel unsafe contract authorization
The above three aspects correspond to: How to play? How to play safely? How to deal with unsafe situations? Here are the solutions to these three aspects:
1. Trading platform selection
On-chain transactions are much more complicated than centralized exchanges, especially since MEME may be distributed on multiple chains, each with different DEXs (decentralized exchanges) and different wallet tools. This undoubtedly increases the complexity of operations.
Full-chain DEX can simplify cross-chain operations and improve the trading experience.
2. How to judge the security of the contract
Before trading, it is particularly important to ensure the security of the token contract. An unsafe contract may lead to the theft of funds or a "pixiu disk" situation where funds cannot be withdrawn.
It is recommended to use the Pink Coin Checker (look for the unique Telegram ID @ChaHeYuebot), which is a Telegram robot. Simply enter the token contract address in the Telegram group to generate a detailed contract security report to help you avoid unsafe tokens.
3. How to cancel unsafe contract authorization
We all know that many cases of wallet asset theft are caused by random authorization, such as authorization to those vulnerable project websites. Therefore, regularly checking your wallet and canceling those unnecessary and unfamiliar authorizations can ensure the security of your wallet to a certain extent. If you unfortunately encounter unsafe tokens, just cancel the wallet authorization through the Revoke.cash platform.
Cancellation process: open the website, link the wallet, select the chain to which it belongs, find the transaction, and click Cancel.
4. Conclusion
Although MEME has high potential returns, the risks are also huge. Each round of surge is accompanied by a possible rapid correction. Therefore, when investing in MEME, remember to only invest part of the money you can afford, stay calm, and avoid getting carried away. I wish everyone can reap the rewards in this market full of opportunities and risks!
Finally, I would like to share with you a meme I shared in the social network yesterday, let us encourage each other.
Hello, I am Jiang Nan, a person who focuses on the layout of Aleo mining pool and Web3 community and can enhance your investment value.
I have compiled the most valuable materials I have accumulated in the process of learning Web3, including but not limited to Web3 introduction, Web3 tools, and practical strategies for getting rich quickly. In addition, I have also created a Web3 community that has gathered many like-minded friends, and now I am giving it to you for free.
Follow me, get this set of continuously updated Web3 learning materials for free and join the web3 community. Looking forward to meeting you in the community!
Follow me, you have taken an important step on the road to success!
