Have you heard stories of people making millions from small investments in memecoins? Investing as little as $10, $100, or $1000 can potentially lead to significant returns. Here’s how you can try to achieve the same results.
Capital Requirement: $1000
What Are Memecoins?
Memecoins are cryptocurrencies inspired by internet memes and cultural phenomena. They often start as jokes but can sometimes gain serious traction and value.
Examples of Memecoins
Successful Memecoins:
- Dogecoin (DOGE)
- Shiba Inu (SHIB)
Failed Memecoins
- Useless Ethereum Token (UET)
- Bitconnect Coin (BCC)
How to Spot Potentially Profitable Memecoins
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Find Detailed Information:
- Use platforms like Dexscreener.io, Dextools.io, Birdeye.so, Pump.fun, and Poocoin.app for BSC tokens to research memecoins.
- Identify the blockchain the memecoin is on (e.g., Ethereum, BSC, Solana, Sui).
- Check the contract address on its block explorer: Etherscan, BSCscan, Basescan, Solscan, CardanoScan, Avalanche Explorer, Sui Explorer, etc.
- Pick top buyers, sellers, or gainers wallet addresses and track them on Debank or De.Fi.
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Get More Details:
- Use TTFbot(@ttfbotbot) on Telegram for information about a token using it’s contract address(CA).
- Visit Coinmarketcap or Coingecko to get details about a coins tokenomics.
- Check social media and community activity to gauge engagement.
- Verify security audits on sites like StaySafu, Token Sniffer or Honeypot.
- Ensure there’s a liquidity pool on a decentralized exchange (DEX).
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Buy the Memecoin:
- Start with a small purchase of $10 to test if you can sell it immediately.
- If successful, you can increase your investment, but don’t exceed $100 per coin as a beginner.
Popular DEX Platforms:
- PancakeSwap for Binance Smart Chain tokens.
- Uniswap & SushiSwap for Ethereum and BSC tokens.
- Raydium & Serum for Solana tokens
- Minswap & SundaeSwap for Cardano tokens
- Trader Joe & Pangolin for Avax tokens
- Suiswap for Sui tokens
- Aptoswap for Aptos tokens
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Take Profit:
- When you see 2x or 3x gains, take out your initial investment and some profit, leaving a small “moon bag” for potential future gains.
- Always take some profit early to avoid rug pulls, where project founders sell off large amounts of their tokens.
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Join Memecoin Trading Communities:
- Engage with communities on WhatsApp, Telegram, YouTube, and Discord.
- Verify all information shared within these groups, as some may aim to manipulate members.
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Manage Your Profits:
- Save 30% in stablecoins.
- Save 30% on reputable cryptocurrencies(BTC, ETH, BNB).
- Spend or give away 10%.
- Reinvest 30% wisely in other memecoins.
- Diversify your investments rather than going all-in on a single memecoin.
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Understand the Market Cycle:
Memecoins often don’t perform well during bear markets. Protect your capital and reduce trading during these times. Uses news platforms like Cointelegraph and Cryptonews to stay ahead of market trends.
- Tryout Memecoin Sniper Bots
A memecoin sniper bot is an automated software tool designed to execute rapid trades in the cryptocurrency market, specifically targeting newly launched memecoins. These bots are programmed to identify and purchase tokens the moment they become available, often within seconds of their listing. This strategy aims to capitalize on the initial price surge that often accompanies new token launches.Note: Using a sniper bot isn’t compulsory. Popular examples of Telegram sniper bots are: Bonk Bot(@bonkbot_bot), Trojan Bot(@diomedes_trojanbot), Unibot etc
Disclaimer
Investing in memecoins is highly speculative and akin to gambling. Past performance is not indicative of future results, and you can lose part or all of your investment. Consult with financial experts and only invest what you can afford to lose.
