Meme coin trading has brought considerable profits to many people recently, but in order to truly earn big profits, one must have their own trading strategy. This article is sourced from Rekt Fencer’s X platform research, compiled, organized, and written by PANews.
(Previous Summary: Cat-themed Meme coins collection! Who’s the first meow meow meme to come out?)
(Background Supplement: Andrew Kang: Bullish on altcoins, especially meme coins, with Solana being the biggest winner.)
Table of Contents:
– Don’t switch projects too frequently
– Use sniper bots
– Pay attention to insiders
– DYOR, DYOR, or DYOR
– Discover new narratives early
– Small investments
– Stick to your strategy
– Stick to profitable coins and abandon losing coins
In the attraction of wealth, a large number of newcomers have entered the memecoin trading recently, but it seems that only a few can actually make a profit. Cryptocurrency researcher Rekt Fencer has compiled 8 memecoin trading experiences that may help newcomers avoid some pitfalls.
In this fast-paced market, it is wise to move funds from one token to another. To make a profit, one must occasionally play the “musical chairs” game with their funds.
However, newcomers may go to extremes. For example, after boden coin suddenly appeared and skyrocketed, the craze for celebrity coins followed suit. Some degens gave up paying attention to boden and instead focused on newer celebrity coins that could appreciate within a day.
But at the same time, boden’s market value grew from $20 million to $500 million within a month.
In the current memecoin market, you need to perform better than 99% of people to get a piece of the pie.
In the game, speed is the key to victory. Every second can determine success or failure. This is where sniper bots come into play.
Of course, most publicly available sniper bots may not be the fastest, but they are still fast enough to outperform ordinary degens.
It is well known that some hundredfold memecoins (such as BOME and MEW) are quickly purchased by insiders once they are launched. Once their wallets are found, one can follow their trades and potentially buy tokens that are 10-100 times more valuable.
Although it is tricky to find their wallets, and they often change wallets from time to time, believe that all these efforts are worthwhile, especially for newcomers.
If your goal is to achieve huge profits, it is necessary to thoroughly research the project through the following ways:
– Social media influence
– Telegram activities
– Project team
– Current and potential listings on CEX
– Token economics
– Marketing activities
– Narratives
– Trading volume
To maximize profits, it is important to discover narratives early.
Recently, cat coins like MEW have become popular. By closely following trends, one can buy cat coins early and easily get a hundredfold coin. For example:
– SC: $400,000 market cap ➜ $387 million market cap | 1,204x growth in 4 days
– nub: $6.6 million market cap ➜ $196 million market cap | 28x growth in 6 days
How to discover new narratives early? Keep a close eye on tokens ranked high in trading volume on DEX screener and track the movements of experienced degens.
Allocate only a small portion of your investment portfolio, or an amount you can afford to lose, to memecoin races.
This method simplifies the decision-making process. Memecoin trading can be seen as gambling, and hardly anyone would bet all their stakes on one project.
Don’t be influenced by market fluctuations. Always stick to the initial plan to avoid turning gains into losses.
There are many strategies to lock in profits:
– Cash out 50% at 2x returns.
– If you have done your homework, continue to hold and wait for 10-100x returns. Statistically, if your research is reliable, you will make profits over time.
Develop a strategy that suits your own style. Plan, test, and then strictly execute it.
People easily fall into the trap of abandoning profitable coins and doubling down on losing coins. If your token has doubled, don’t rush to cash out everything. Give it a chance to further rise.
When a token consistently underperforms, the wiser approach is to let go, even if it means taking a loss, and shift focus to leading tokens.
Here is a list of memecoins the author is paying attention to:
– boden: $479 million market cap | SOL ecosystem
– BALLZ: $30.1 million market cap | SOL ecosystem
– tremp: $86.5 million market cap | SOL ecosystem
– SC: $128.8 million market cap | SOL ecosystem
– nub: $44.7 million market cap | SOL ecosystem
– mfer: $79.1 million market cap | BASE ecosystem
– MOG: $201 million market cap | ETH ecosystem
– ANDY: $78 million market cap | ETH ecosystem
Note: Listing these tokens does not mean one should immediately invest in all of them. Take the time to research each project, formulate strategies, and make investment choices based on that.
[Image]
Related Reports
Memeland to launch L2 network Memenet! Designed for meme coins, native token $MEME
Big Brother Maji praises their own meme coin as “audit-proof” and calls out to the community: we drop before we rise
Tutorial: How does Degen, the leading meme dragon on the Base chain, participate in ecosystems and cross-chain?