Investing In Memecoins: Essential Tips On How To Find The Next 1000×

Investing In Memecoins: Essential Tips On How To Find The Next 1000×

Investing in meme coins comes with its ups and downs, even for the most seasoned investors. However, one can minimize the risks and maximize the rewards by seeking out and applying the right information. There are thousands of meme coins to select from, and most of them are scams. Therefore, you will need to be at your best in order to stand a chance in this market.

The truth is that there are diamonds among stones; you just have to know where and how to look. These special meme coins have the potential to produce 1000× for investors who caught it early. This article shall explore the risks involved in investing in meme coins, the huge potential, and some promising coins to consider.

For every investment, you have to evaluate the risks and rewards involved in that investment. Therefore, there are basically two factors to consider:

Low-Risk Investment

About 90% of new meme coins are scams, so learning how to avoid the rugpulls will help boost your expected returns.

High Potential/Reward

Having a strong and dedicated team with a long-term vision for the project rather than have a copy-paste project.

How To Avoid Rugpulls And Minimize Risk

With my experience in the crypto space and having analyzed several crypto projects, I can point out the signs of a crypto rugpull. This analysis majorly applies to tokens that are listed/launched on decentralized exchanges like Uniswap and PancakeSwap.

The initial token distribution
One of the early signs of a crypto rugpull is when the dev team allocates a big chunk of the tokens to themselves. Alternatively, they can give up 50% of the token to a crypto celebrity. This is a red flag because they can dump their huge allocation since they didn’t buy like the rest of the investors. A good crypto token has virtually all the tokens put onto a DEX for purchase by any interested party.

Who owns the liquidity pool?
An early rugpull gimmick is when developers of a token put it in a decentralized exchange and ensure they own the entire liquidity pool. This gives them the power to remove the entire liquidity pool anytime they wish, with all BNB and ETH tokens inside it. Always check for the top liquidity providers for new projects. For security purposes, most of the liquidity pool should be held by the burn address.

High transaction fees
When you find out that there are high transaction fees for the transfer of tokens and that these fees are not transparent, it is a sign you need to back out. Always conduct quality research to know and understand the fees beforehand. A high transaction fee is also another tactic to discourage people from selling the tokens.

Maximizing Meme Coin Investment

Remember that we have two goals while investing in meme coins; to reduce risk and maximize returns. Here are the tips on how you can identify the next 1000× meme coin out there:

Does the project have a long-term focus?
Before investing in any meme coin, take out time to explore the token’s community to know what the developers focus on. Do they have a long-term agenda of building a strong community and long-term growth? Are they more interested in trying to pump the price and pressure people into buying? The former is a good thing, while the latter is a red flag. It would help if you also found out whether there is a whitepaper for the project highlighting its real vision and mission.

What is the reputation and track record of the dev team?
Is the team behind the project trustworthy, or are they just filled with empty promises? When they say they are going to get something done, do they follow through to get it done? Are they only making promises just to pump the price? When you find the answers to these questions, they will help you know the future potential of the token. When the development team is not trustworthy, then they have no intention of building for the long term.

Does the token have real meme potential?
In today’s reality, cute tokens easily win market share since most people love to buy adorable and beautiful tokens. A good example of people’s love for the adorable meme is how the Doge community has grown over the last few months.

Promising Meme Coins To Invest In

Following the above analysis, here are a few promising meme coins that investors should consider.

MiniDoge
MiniDoge is the first auto-boost and hyper-deflationary meme coin in the crypto market.

CorgiCoin
CorgiCoin is the Binance Smart Chain (BSC), and it is completely community-owned.

BabyDoge
BabyDoge is a deflationary token created by the fans of the DogeCoin community as an upgrade of Dogecoin itself.

CateCoin
CateCoin is a payment meme coin used to pay meme creators for creating memes on meme platforms.

1000X is just a dream to many, it has a lot of risks that come with it. You need to study the project properly from its team members to their tokenomics. You have to ask them where are their revenue streams too. Lastly, look carefully where they are listed. Some exchanges are safer, more reputable than others. Always do your own research.” Anndy Lian, Chairman for BigONE Asia and Chief Digital Advisor for Mongolian Productivity Organisation commented.

Disclaimer: The information contained on this article is provided for educational purposes, and does not constitute investment advice.

Source: https://www.benzinga.com/markets/cryptocurrency/21/08/22326671/investing-in-memecoins-essential-tips-on-how-to-find-the-next-1000

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author “Blockchain Revolution 2030”. Currently, he is appointed as Chairman, Asia for BigONE Exchange and Chief Digital Advisor, Mongolia Productivity Organisation. Anndy is part of the Gyeongsangbuk-do Blockchain Special Committee, Government of Republic Korea, together with industry experts such as Brock Pierce. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region and was previously the Advisory Board Member of Hyundai DAC Technology.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

You can read more about Anndy’s work at www.anndy.com

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Investing.com: How to Find the Next 1000× Memecoin to Invest in: Essential Things to Know

Investing.com: How to Find the Next 1000× Memecoin to Invest in: Essential Things to Know

Investing in meme coins is not a stroll in the park if you want to hit it big and earn good returns on your investment. Meme coins have risen in popularity in recent times, all thanks to Elon Musk and his antics with Dogecoin. It is important to know that most of these coins are scams and are there to defraud unsuspecting people of their money. Therefore, if you want to put your money in meme coins, you need to be very careful and seek out the right information to guide your choice.

Finding a meme coin with 1000× potential is like looking for a needle in a haystack. However, with the right guidance, you can know how and where to look for the rare gem that will hit the moon. The boom in the crypto market in 2021 led to the proliferation of new tokens almost on a daily basis. Most of these new coins vanish within few weeks of their launch, leaving a trail of “bleeding” investors in their wake.

However, the meteoric rise of meme coins like Dogecoin and SafeMoon is evidence that investors can make good money. All you need is the ability to identify the tokens with huge potential early enough. In fact, it is possible to have 1000× on investment in the crypto space but only with good research into meme coins.

 

How to avoid Rugpulls and minimize risk

When investing in meme coins, avoiding rugpulls is also as important as identifying the right coin. With my experience in analyzing lots of crypto projects, I can tell the signs of s crypto rugpull. This observation is primarily for coins launched on DEXs like PancakeSwap and Uniswap.

 

Study the initial token distribution

Developers of new tokens have the power to distribute the initial token supply the way they want. Most times, you see these dev teams give a huge chunk of the tokens to themselves and, in some cases, to a crypto celebrity. When you see such things, you need to tread with caution. Since these people did not buy in like the rest of the investors, they can dump their holdings at any time. The best option is to go for tokens put up on PancakeSwap or Uniswap for anyone and everyone to buy.

 

Ensure you know who owns the liquidity pool

For the scam meme coins designed to defraud investors, you see the developers owning the entire liquidity pool. The implication is that these developers can remove the whole pool, including the ETH and BNB, inside the pool. This is a perfect setup for painful rugpull. The majority of the liquidity pool should be held by the burn address designated with something like “oxoooo…”

Investors should also be wary of tokens that have high transaction fees, as this is likely a ploy to discourage people from selling their coins.

 

The Search for Meme coin with 1000× Potential

When investing in meme coins, maximizing the reward should be the utmost goal. Therefore, to achieve this goal, you have to substantially reduce risk by eliminating rugpulls and then identifying the coins with the potential to reach the moon. Things to look out for include:

 

The mission of the dev team

Create time to hang out in the token’s community to know what the dev team always talks about. If they talk about long-term focus and community building, then that’s a good sign. You should stay away if they are always talking about pumping the price and pressuring people to buy. Check if they have a whitepaper with a real and actionable vision and mission.

 

Is the meme coin cute with real potential?

The fact is that cute tokens often always win the market share because people love to buy adorable tokens. Those who follow Dogecoin must have learned not to underestimate the potential of a memorable puppy.

 

Some promising meme coins to consider

Following the above analysis, here are a few meme coins with good potential to invest in.

  • BabyDoge – deflationary meme coin that is designed to be scarce with time. It is cute but also comes with a lot of BITE!
  • MiniDoge – first auto-boost and hyper deflationary coin in the crypto market
  • CorgiCoin – one of those coins that is exclusively community owned. All the tokens are locked on PancakeSwap and the keys are burned.
  • CateCoin – a special coin designed to be used on meme platforms where meme creators get paid in CateCoin after submitting their memes.

“1000X is just a dream to many, it has a lot of risks that come with it. You need to study the project properly from its team members to their tokenomics. You have to ask them where are their revenue streams too. Lastly, look carefully where they are listed. Some exchanges are safer, more reputable than others. Always do your own research.” Anndy Lian, Chairman for BigONE Asia and Chief Digital Advisor for Mongolian Productivity Organisation commented.

 

 

Disclaimer: The information contained on this article is provided for educational purposes, and does not constitute investment advice.

 

 

 

Original Source: https://www.investing.com/news/cryptocurrency-news/how-to-find-the-next-1000-memecoin-to-invest-in-essential-things-to-know-2562391

Or https://traders.fxstockbroker.com/article/how-to-find-the-next-1000-memecoin-to-invest-in-essential-things-to-know

 

 

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author “Blockchain Revolution 2030”. Currently, he is appointed as Chairman, Asia for BigONE Exchange and Chief Digital Advisor, Mongolia Productivity Organisation. Anndy is part of the Gyeongsangbuk-do Blockchain Special Committee, Government of Republic Korea, together with industry experts such as Brock Pierce. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region and was previously the Advisory Board Member of Hyundai DAC Technology.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

You can read more about Anndy’s work at www.anndy.com

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