๐ต How to make money from meme coins
Friends, I decided today that you and I would explore the topic of meme and shit coins a little bit. In this post, I mentioned it in passing.
Let me start with the basic concepts:
Meme coins are tokens based on internet culture that don't always have fundamental values or a clear purpose. (e.g. SHIBA, DOGE, PEPE).
Shitcoins are crypto with low capitalization and limited utility.ย
Shitcoins are characterized by their low-value technology and are mostly projects of questionable reputation.ย
๐ Their main differences from other cryptocurrencies are:
1. Lack of utility and functionality
2. aggressive marketing
3. High volatility
4. Longevity
The most popular networks for creating shit coins are:
โข Ethereum (popularity 10/10)
โข Solana (10/10 popularity)
โข Base (popularity 9/10)
These are the ones we will be working in. And our main weapon will be sniping.ย
๐ Sniping is an attempt of preliminary (frontrunner) purchase of some coin. For example, I have a contract of a coin that has not yet been released to open trade. I naturally want to buy it first at the lowest price.
#meme #memecoins