How to Find Meme Coins Early
Getting into meme coins as soon as possible is good as this type of coins usually skyrockets as soon as more and more people hear of them. Yet, to find exciting meme coins for investment, one needs to invest time, effort, and more importantly, timing. Here’s how you can discover meme coins early:
1. Read the cryptocurrency forums
The best way to identify meme coins before they go mainstream is to continue engaging in online crypto forums. Here are some ways to get involved:
Reddit & Telegram
It is for this reason that new meme coins are usually shared initially in subreddits like r/CryptoMoonShots, and Telegram groups. These communities are usually used to identify the new tokens before they are adopted, and the topics are mostly hype or a trend. Why not look for coins that are often mentioned or the ones that got popularity recently?
The forum with the most meme coin content is Twitter. This prediction can be made based on the indication from popular crypto figures that support meme coins, as they are the ones who can identify coins that are on the rise. Hash tags such as #cryptomoon, #memecoins, and #altcoins are pretty useful for discovering the initial projects.
2. Use Coin Tracking Websites
Some of them offer a real-time feed that gives much information regarding newly listed tokens. These sites can be invaluable for spotting new meme coins quickly:
CoinGecko & CoinMarketCap
Like every other blockchain platform, both CoinGecko and CoinMarketCap have a “New Coins” or “Recently Added” tab where new tokens including the meme coins are listed. These platforms also engage users with token volume, market cap and other token statistics such as social media activity which is important for assessing potential.
Dextools
Dextools is another useful platform to use for tracking decentralized exchanges such as Uniswap and PancakeSwap. Some new tokens are released here and the Dextools has live charting and tracking of the movements of tokens. New tokens are also subjected to filter by volume and their respective price movements.
3. In focus Decentralized Exchanges (DEXs).
Most meme coins are launched on decentralized trading platforms such as Uniswap, PancakeSwap, and Raydium among others. Here one trades tokens and there is little to no regulation to the initial token sales so early traders can buy the coin before others consider buying it.
New Token Listings on DEXs
By checking DEXs for tokens that have recently listed, you are sure to spot meme coins way before they get popular. There can be other tokens to notify you about which one can be a new launching token or tokens, the CoinGecko “Trending” button or DEX aggregators like 1inch.
Be on the lookout for the Pump-and-Dump Scheme
Although these carry some risk, identifying which coins experience sudden jumps in price, or have a high trading volume on DEXs, will let you know which meme coins are on the rise.
4. Analyze Tokenomics
It is very important to note that assessing the capacity of a given coin, is dependent on the tokenomics of that particular coin. Look for these factors:
Token Supply and Scarcity
Most meme coins have extremely large supplies which means achieving a high valuations (like $1) is almost impossible. However, some new meme coins may have very small circulation or even in the long-term, those meme coins have deflation mechanisms like burning or providing staking rewards.
Market Cap
For instance, new meme coins with low market capitalization will always have more fluctuations than those already established in the market; however, with fluctuations come tremendously great potential for growth. Coins with the market capitalization of less than $10 million could still be early enough to bring huge returns if they gain adoption.
5. In LB 2014, Focus on Partnerships and Listings
Many meme coins may experience rises based on the specific partnerships or exchanges which they’re listed in. These can assist to boost an upward pace of the coin price. Pay attention to:
Partnership Announcements
New partnerships with well-developed initiatives can indeed boost a meme coin. Watch for memecoins when the latter begins trending on the platform, whether through press releases or via twitter.
Exchange Listings
After, the meme coin is listed in bigger exchanges (like Binance, Coinbase or Kraken), it may skyrocket. Monitor such small tokens as those that are being listed on various exchanges that support new tokens.
6. Follow NFT and Gaming Projects
By subscribing to our posts, one will be able to follow NFT and Gaming Projects.
But some meme coins have connections with NFT collections or gaming metaverses, that can open more opportunities for usage. For example, meme coins associated with DeFi or game applications are deemed to be more buoyant than those without utility functions.
7. Track Superstar Backpacks
With meme coins, individuals and companies discover new tokens when the influential advocate for them. That is occasionally true, though such endorsements may bring astronomically high short-term results. Just monitor the situation on social media and watch out for influencers that are active in the crypto and meme spheres.
8. Try to find the Coins with something like ‘Brand’ on it
Some of the most recognizable meme coins often have a specific character or even motif from an internet meme or something similar. This heuristic is significant as well since frequently new brands emerge in the market and knowing them, you have a competitive advantage.
9. Browse Developer Activity and Whitepapers
Whereas meme coins tend to depend on the general public’s promotion, carrying out an analysis from a technical point of view will help one understand the possibility of success for the given project. That is why some new meme coins have different features or even utility that make them stand out from others. Another step is to read the whitepaper (if it was released), and monitor the team’s activity on the resources such as Github.
Conclusion
Identifying meme coins early can only be done through active engagement, research and the use of right sources. Staying engaged in the Crypto community seamlessly, or observing what new tokens are being added to DEXs and monitoring social media, an individual can identify meme tokens before getting popular. But do not forget that the majority of meme coins are still situated in the sphere of highly-four investment. Although these securities give investors fast income, they are considered to be high risk. It’s always wise to research and be very careful when putting your money into something.
