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- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. 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.

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”.

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CPA AUSTRALIA MONTHLY TALK SERIES: INVESTING IN CRYPTOCURRENCIES

CPA AUSTRALIA MONTHLY TALK SERIES: INVESTING IN CRYPTOCURRENCIES

Passion Venture Capital spoke at CPA Australia- ISCA monthly talk series on 6 July 2021 about investing in cryptocurrencies.

Cryptocurrencies have been making headlines and are a widely debated topic. What are they, how do you use them and what are the risks that come with investing in cryptocurrencies? These are some of the questions addressed.

Passion Venture Capital, based in Singapore and is granted Capital Markets Services (CMS) Licence. The team cumulatively has 200 years of financial sector career experience and expertise in fund management, banking, corporate advisory and global markets equity research.

CPA Australia (“Certified Practising Accountant”) is a professional accounting body in Australia founded in 1886. They are one of the world’s largest accounting bodies with a global membership of over 168,000 members (as of February 2021) in more than 100 countries supported by 19 offices globally.

The speakers from Passion Venture Capital include:

1) Davy J Goh, Founder & Chief Executive Officer- Introduction and Overview

2) Jonathan Koh, Chief Commercial Officer- Overview of Cryptocurrencies

3) Anndy Lian, Partner & Investor Director, Blockchain- Q & A

 

And moderated by Melvin Yong, Country Head Singapore, CPA Australia.

The video captured is showing the Q & A session where Anndy Lian took the lead.

“Cryptocurrencies are changing the financial markets and how businesses operate. I really hope to share more insights on cryptocurrencies investing and NFT, DeFI funds to what kind of blockchain tech companies should you look out for.” Anndy Lian commented.

Anndy Lian is an intergovernmental blockchain expert. He is currently serving as the Chief Digital Advisor to Mongolian Productivity Organisation and Chairman to BigONE Asia.

For information, on Passion Venture Capital visit https://www.passion-venture.com/. Explore CPA Australia online courses at https://www.cpaaustralia.com.au/.

 

 

 

 

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- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. 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.

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”.

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