I missed out on $PEPE πΈπ
So I spent the last few hours learning:
1. How to find 100-1000x memecoins
2. What to look out for to avoid scams
Here's what nobody tells you: π§΅
So I spent the last few hours learning:
1. How to find 100-1000x memecoins
2. What to look out for to avoid scams
Here's what nobody tells you: π§΅
Trading memecoins is not for the faint-hearted.
You win big time if you can find a meme gem before everyone else (assuming that is not a scam).
You can make 100x-1000x ($PEPE) if you get in early (<1m mkt cap).
But how do you find a memecoin before it goes trending? π
(1/7)
You win big time if you can find a meme gem before everyone else (assuming that is not a scam).
You can make 100x-1000x ($PEPE) if you get in early (<1m mkt cap).
But how do you find a memecoin before it goes trending? π
(1/7)
DEXTOOLS
This is the best platform to spot new memecoins.
Go to LIVE NEW PAIRS to check the live feed of all the tokens that are created in real time.
"Listed Since" shows how long ago a new coin was created.
But 90% of projects are scams.
So what to look out for? π
(2/7)
This is the best platform to spot new memecoins.
Go to LIVE NEW PAIRS to check the live feed of all the tokens that are created in real time.
"Listed Since" shows how long ago a new coin was created.
But 90% of projects are scams.
So what to look out for? π
(2/7)
LIQUIDITY POOL
The first thing to do is to check "Pool Amount" and "Pool Remaining".
These metrics show if there is enough liquidity to buy and sell the tokens.
Anything lower than 10 ETH is likely to be a scam while 20 ETH is ideal to continue with the analysis.
(3/7)
The first thing to do is to check "Pool Amount" and "Pool Remaining".
These metrics show if there is enough liquidity to buy and sell the tokens.
Anything lower than 10 ETH is likely to be a scam while 20 ETH is ideal to continue with the analysis.
(3/7)
HOLDERS
The next metric to check is "Holders".
Do not touch any project with less than 100 holders as it's very likely to be a scam.
A high holders amount is positive as there is a lower chance of market manipulation.
(4/7)
The next metric to check is "Holders".
Do not touch any project with less than 100 holders as it's very likely to be a scam.
A high holders amount is positive as there is a lower chance of market manipulation.
(4/7)
DEXT SCORE
This measures the confidence of the project based on the info from the blockchain and other external sources.
This score ranges from 1 to 99:
β’ High (>80)
β’ Average (50-80)
β’ Low (10-50)
β’ Minimum (<10)
A low DEXT score means a high level of risk.
(5/7)
This measures the confidence of the project based on the info from the blockchain and other external sources.
This score ranges from 1 to 99:
β’ High (>80)
β’ Average (50-80)
β’ Low (10-50)
β’ Minimum (<10)
A low DEXT score means a high level of risk.
(5/7)
WEBSITE & TWITTER
A project with no website and Twitter is likely to be a scam.
Look for projects with these criteria:
β’ 1000+ followers on Twitter
β’ active Telegram community (no bots)
β’ nice and functional website
(6/7)
A project with no website and Twitter is likely to be a scam.
Look for projects with these criteria:
β’ 1000+ followers on Twitter
β’ active Telegram community (no bots)
β’ nice and functional website
(6/7)
SUMMARY
You can spot new memecoins early on DEXTool.
Before degening, make sure to check:
1. Liquidity pool
2. Number of holders
3. DEXT Score
4. Website & Twitter
Bear in mind that 99% of all memecoins will inevitably go to zero so don't throw your life savings.
(7/7)
You can spot new memecoins early on DEXTool.
Before degening, make sure to check:
1. Liquidity pool
2. Number of holders
3. DEXT Score
4. Website & Twitter
Bear in mind that 99% of all memecoins will inevitably go to zero so don't throw your life savings.
(7/7)
Thank you for reading.
If you found this thread useful:
1. Like & Retweet the first tweet
2. Follow @salvonft to scale up
I'd love to hear your thoughts on memecoins trading in the first tweet π
If you found this thread useful:
1. Like & Retweet the first tweet
2. Follow @salvonft to scale up
I'd love to hear your thoughts on memecoins trading in the first tweet π
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