Memecoins

How to Trade Microcap Meme Coins Without Losing Your Shirt

Published

6 months ago

3 July, 2024

How to Trade Microcap Meme Coins Without Losing Your Shirt

Love them or hate them, meme cryptos have been some of the best performers of the year. And some early-stage micro-projects with a total market size of less than $1 million, for example, have done even better. While most of them end up failing, a few have exploded, making fortunes for their early investors (ahem… speculators). Here’s the lowdown on what these things are, how to spot the opportunities, and how to manage the risks.

First, here’s how the meme coin market works.

Let’s get this straight: If you’re looking for cash-generating investments with intrinsic value, you’ll want to steer clear of memes. These projects are like the GameStops of cryptocurrencies: they’re driven by hype and speculative trading. The game here is to try to spot good opportunities before the hype happens.

It’s now easy for developers to launch meme coins on blockchains like Ethereum and Solana. First, they choose a meme concept (e.g., a dog, cat, frog, celebrity, or political figure) that might resonate with certain online communities. Then, they develop the project using smart contracts on the blockchain of their choice. Once the coin is created, it’s listed on decentralized exchanges (DEX) like Uniswap (on Ethereum) or Raydium (on Solana). This allows investors to buy or sell the coins directly from decentralized crypto wallets like MetaMask or Phantom, which connect to DEXs.

Then comes the hard part: Developers and community members will promote the cryptocurrency through social media platforms like Twitter, Reddit, and Telegram, often relying on viral marketing and influencer endorsements to create buzz and attract early investors. They will also work with crypto data platforms like Coingecko and Coinmarketcap to get their projects seen by more people.

If enough investors jump on board, centralized cryptocurrency exchanges might take notice. Their market makers (the big traders who provide liquidity for trades) would then buy the coins on DEXs and move them to centralized exchanges. This process usually starts with lower-tier centralized exchanges before the coins get their chance in the big leagues—top-tier exchanges like Binance, Bybit, and Coinbase (which have tons of users and significant trading volumes).

Next, how to spot microcap meme coin opportunities.

Again, let’s be clear: Most early-stage meme projects never get off the ground. And often, when they do, they don’t stay in the air for long. But if you fish in the right waters, you might end up with a decent catch. Here’s how.

Start by familiarizing yourself with the DEXTools.io platform. This front-end UI aggregates real-time blockchain data for all sorts of crypto projects, including early-stage meme coins. It lets you set custom filters to display an initial list of projects. For example, you can filter by blockchain and market size based on your preferences.

How to define custom filters in DEXTools to filter projects that meet certain criteria. Source: DEXTools.

In the filter, look for projects with a DEXTools score of 80 and above (out of 100) and set your list to show “only audited contracts.” These projects have passed an initial security review, so there is less risk of scams and contract vulnerabilities. Once you have set your filter, you can sort your list by attributes, such as trading volume, DEXTools score, days since launch, market cap, liquidity, and volatility. This is more of an art than a science and may involve some trial and error. But generally, you’re looking for newer coins with smaller market sizes and relatively high trading volumes and liquidity.

The next step is to look for projects that have successfully passed your initial screening process. Check out their website, social media following, and (most importantly) their price charts on DEXTools. You’ll want to see price charts that are building a base around a certain level or slowly moving higher—and avoid acting on your FOMO immediately if you see any vertical movements.

You’ll also want to make sure there are no “honeypots” (a type of malicious contract) and that the contract has been “terminated,” meaning the original developers have given up control and can’t change the contract at will. And make sure there are no purchase or sales taxes either—these taxes can eat into your profits and are often a red flag for dodgy projects.

What you might see when you click on a project on DEXTools, and some things to watch out for. Source: DEXTools.

You can also check the number of holders of the project in DEXTools – and in this case, the more, the better. For Ethereum projects, you can see the holding percentages of the ten largest investors in the project. The largest holder is usually the liquidity pool for trading, so it’s okay if they have a large share. But for the next nine holders, you’ll want to see lower percentages – this reduces the risk of “whales” selling large positions and driving the price down.

What you can see when you check the number of holders and the amount they hold in DEXTools. Source: DEXTools.

Finally, how to manage the risks associated with meme coins.

As with any financial market, meme cryptos have their own risk spectrum. On one side, there are the newer, “high-risk” microcap meme cryptos with much smaller market sizes. These are hit or miss, but if you find a winner, the multiples can be huge. With the latter, it’s best to take the venture capital approach: pick a few projects at a “good” valuation, invest small amounts, and hope one of them turns out to be profitable. With the latter, remember to plan your exit strategy in advance, so you don’t hang on too long (if the price goes down) or let your greed get the best of you (if it goes up).

Then there are the larger, more established meme projects that are already trading on major cryptocurrency exchanges – coins like Dogecoin or Pepe. These are more liquid than their smaller counterparts and generally less volatile (both up and down). They trade more like traditional cryptos – so regular cryptos risk management strategies apply: use a stop-loss, take profits on the upside and don’t be alone in the next bear market.

Fuente

Memecoins

Memecoins dominate major derivatives in terms of open interest | Flash News Detail

Published

5 months ago

1 August, 2024

TokenTalk Staff

Bitcoin Dominance May Have Peaked, Ethereum ETF Could Trigger Altcoin Momentum

Disclaimer

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Fuente

Memecoins

Have a profitable August with Shiba Inu and Mpeppe (MPEPE) Don’t miss the winnings

Published

5 months ago

1 August, 2024

TokenTalk Staff

Have a profitable August with Shiba Inu and Mpeppe (MPEPE) Don't miss the winnings

August offers investors a unique opportunity to capitalize on the potential gains offered by Shiba Inu (SHIB) and Mpeppe (MPEPE)These two memecoins take advantage of the viral nature of internet memes and popular culture, attracting a diverse and enthusiastic audience. In this article, we’ll look at why Shiba Inu (SHIB) and Mpeppe (MPEPE) are poised for gains this month and why you shouldn’t miss out on the potential profits.

The viral power of memecoins

Memecoins have the inherent ability to leverage the viral nature of internet memes and popular culture references. This can lead to rapid spread of the cryptocurrency’s brand and message across various online platforms, potentially appealing to a broader and more diverse audience. Shiba Inu (SHIB) and Mpeppe (MPEPE) are great examples of how this viral potential can translate into substantial community growth and market presence.

Shiba Inu: riding the wave of popularity

Shiba Inu (SHIB) has established itself as a major player in the memecoin space. With its cute canine mascot and strong community support, Shiba Inu (SHIB) has gained a significant following. The coin’s ecosystem continues to grow, with projects like ShibaSwap adding to its utility and appeal. Investors are optimistic about Shiba Inu’s future, expecting it to ride the wave of popularity that has kept it in the spotlight.

Ecosystem expansion

THE Shiba Inu (SHIB) The Shiba Inu (SHIB) ecosystem is constantly expanding, offering new features and utilities that enhance its value proposition. Projects like ShibaSwap provide users with opportunities to stake and earn rewards, making Shiba Inu (SHIB) more than just a meme currency. This expansion helps solidify its market position and attract a wider audience.

Balancing humor and professionalism

Mpeppe (MPEPE) offers a unique and light-hearted approach to the serious world of digital assets, balancing humor and professionalism. Inspired by internet memes and the dynamic energy of football fans, Mpeppe (MPEPE) is quickly gaining traction in the crypto community.

Mpeppe (MPEPE) offers an opportunity to reach a younger demographic and tap into the viral nature of internet culture. By balancing humor and professionalism, Mpeppe (MPEPE) appeals to a wide audience, from casual meme enthusiasts to serious investors. This strategy is similar to the one that made Shiba Inu (SHIB) so successful, but with a modern twist.

Expanding Reach and Adoption

Mpeppe’s (MPEPE) ability to leverage internet culture means it has the potential to rapidly expand its reach and adoption. The memecoin’s branding and community-driven approach make it accessible and appealing, much like Shiba Inu (SHIB) in its early days.

Why August is the month to invest

As the cryptocurrency market experiences a surge in interest, August presents a great opportunity to invest in promising assets like Shiba Inu (SHIB) and Mpeppe (MPEPE) Both coins are well positioned to capitalize on the growing interest in memecoins, driven by their unique appeal and active communities.

Conclusion: Don’t miss the benefits

Shiba Inu (SHIB) and Mpeppe (MPEPE) are poised for a profitable August, leveraging their viral potential and strong community support to attract a diverse audience. With the cryptocurrency market in full swing, now is the perfect time to consider investing in these promising memecoins. Just as Shiba Inu (SHIB) captivated the crypto world with its unique appeal, Mpeppe (MPEPE) is poised to make its mark. Don’t miss out on the potential gains these innovative digital assets have to offer.

For more information on the Mpeppe presale (MPEPE):

Visit Mpeppe (MPEPE)

Join us and become a member of the community:

https://t.me/mpeppecoin

https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ

Fuente

Memecoins

Solana down 8% as its coins Dogwifhat, Billy and Neiro fall further

Published

5 months ago

1 August, 2024

TokenTalk Staff

Solana climbs 4% on the back of rising Meme Coins and Alts

Solana, the fifth-largest crypto asset by market cap, has fallen 8% in the past 24 hours, according to CoinGeckolike his Meme Coin Market Prices of some coins, which can be notoriously volatile, have fallen by as much as 43% in the past day.

As the cryptocurrency market bleeds with Bitcoin (Bitcoin) down 2.7% and Ethereum (ETH) 4.2%, Solana (GROUND) was the hardest hit among the top 10 cryptocurrencies, falling 8.2% to $168 on the day, according to data from CoinGecko. Along with this, meme coin Solana suffered huge losses.

The biggest loser in the last 24 hours is the bigger of the two Black (NEIRO) on Solana which fell nearly 44% to $0.01821. These tokens were launched after the owner of Kabosuthe Shiba Inu that inspired the Doge meme, announced that she had adopted a new dog named Neiro. Interestingly, her rival on the network launched an hour beforealso called Black (NEIRO), is up 75.2%. It appears that the Solana Neiro Civil War is far from being decided.

Other big losers include: Pump.fun’s Favorites Billy (BOWL), down 26.4%, and Michi (MICHI), which fell 24.5%. Over the past 24 hours, both tokens have flipped their market caps multiple times, but dog token Billy is currently in the lead with $94 million, about $3 million ahead of Michi.

Dog with hat (Wireless), the largest meme coin on Solana, was also hit, dropping 12.4%. Bonk (BONK), the second-largest Solana meme coin, fell 9.1%. In fact, among the top 50 Solana meme coins by market cap, only four tokens are in the green, with Zoomer (ZOOM IN) leading the pack with 41.1%.

Meme coins are notoriously high-risk assets and tend to post disproportionate losses when the broader market experiences a downturn.

Brain (BRAIN), Michi (MICHI), Mini (MINI), Shark cat (SC), and many others, for example, have suffered greater losses in the last 24 hours than any of the top 100 cryptocurrencies by market capitalization.

In the world of meme coins, when it rains, it rains.

Edited by Stacy Elliott.

Fuente

Memecoins

Trader Says Bitcoin’s Path to $100,000 Is ‘Currently Programmed’, Updates Outlook on Memecoin That’s Up Over 18,000% YTD

Published

5 months ago

1 August, 2024

TokenTalk Staff

Trader Says Bitcoin's Path to $100,000 Is 'Currently Programmed', Updates Outlook on Memecoin That's Up Over 18,000% YTD

A widely followed analyst and trader expresses bullish sentiment on Bitcoin (Bitcoin) while offering his take on the memecoin built on Solana (GROUND) blockchain ecosystem.

Starting with Bitcoin, the analyst known by the pseudonym Altcoin Sherpa tell His 219,000 followers on social media platform X say Bitcoin is on the verge of hitting a six-figure price.

“There will be bumps along the way, but Bitcoin’s path to $100,000 is on schedule. Don’t get rattled or lost along the way.”

Source: Altcoin Sherpa/X

At the time of writing, Bitcoin is trading at $66,236.

According to For the widely followed trader, Bitcoin enjoys strong support between $63,800 and $65,000, where the 25, 55, 89 and 200 exponential moving averages (EMAs) on the daily chart have clustered.

Source: Altcoin Sherpa/X

Next up is the Solana-based memecoin Popcat (POPCAT). The pseudonymous trader and analyst said that among the cat memecoin family, POPCAT is one of the “best” in the long run.

Altcoin Sherpa, however, says POPCAT looks bearish on the short-term four-hour time frame and needs to climb above a range low between $0.694 and $0.724 to avoid falling further.

Source: Altcoin Sherpa/X

POPCAT was trading at $0.00379 on January 5th and is now at $0.704, a gain of approximately 18,475%.

Altcoin Sherpa also offers his take on dogwifhat (Wireless), Solana-based Memecoin. According to For the pseudonymous analyst, WIF “still looks pretty good for now” on the four-hour chart with the “best” support area sitting around $2.10.

“The average would probably be $2.30 to $2.10 if I were you and I was swing trading this one.”

Source: Altcoin Sherpa/X

WIF is trading at $2.27 at the time of writing.

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